New York AG Sues Over $2 Million Job Scam

New York Attorney General Letitia James has launched a lawsuit to recover over $2 million in cryptocurrency stolen from victims of a remote job scam. The scheme involved scammers sending text messages offering fake job opportunities, urging individuals to purchase stablecoins and deposit them into cryptocurrency accounts under the pretense of legitimate employment. Victims were misled into thinking that their reviews of products would generate market data, but instead, their funds were siphoned off directly into the scammers' wallets. The scam has been traced back to a period from January 2023 to at least June 2024, with the AG's office collaborating with the U.S. Secret Service and local authorities to investigate. James emphasized the cruelty of deceiving job seekers who are trying to support their families, and is seeking penalties and restitution for affected New Yorkers. The scammers' locations remain unknown, complicating recovery efforts.