The Rise (& Fall) of a $37 Million Crypto Spoofing Fraudster
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Chirag Tomar, a 30-year-old Indian national, was arrested at the Atlanta airport in December 2023 while visiting family on a travel visa. This arrest was the product of an extensive investigation into a cryptocurrency spoofing operation that Tomar had been the architect of, since roughly June 2021. The scheme, which involved creating a replicated version of the Coinbase Pro website, resulted in the theft of millions of dollars in cryptocurrency from hundreds of victims worldwide.
Tomar and his team designed a fake version of the Coinbase Pro website, which closely mimicked the legitimate site. The fraudulent site operated under a URL similar to the authentic one, making it difficult for users to distinguish between the two. To lure potential victims to the spoofed site, Tomar’s group employed various phishing techniques, including mass deceptive emails that appeared to be official communications from Coinbase. These emails directed users to click on links that led to the fake site, where they were prompted to enter their login credentials.
Once users accessed the spoofed website, they were asked to provide their login information, believing they were on the actual Coinbase Pro site. In some cases, the site also requested two-factor authentication codes, which added another layer of credibility to the deception. To further their scheme, the attackers impersonated Coinbase customer service representatives, convincing users over the phone to share their authentication details and 2 factor authentication codes of the authentic website.
This is the story of Chirag Tomar.
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Chapters:
0:00 - Introduction
0:28 - Mechanics of the Scheme
1:41 - How they caught him
2:19 - Tomar's Lifestyle
2:33 - North Carolina Victim, 240k stolen
3:00 - Tomar's Sentencing & Charges
3:50 - Law Enforcement Agencies
4:09 - Conclusion & Thank You
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Social Security: A Trillion Dollar Ponzi Scheme?
Social Security Has a 22.4 Trillion long term Funding Shortfall & I decided to figure it out why.
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Each month, millions of Americans receive a check that represents a lifetime of hard work and promises made. But beneath the surface of these checks lies a growing debate that could shake the very foundations of America.
Since 1935, Social Security has been known as a safeguard against the guarantee of old age, poverty, and hardship. Fast forward to today, and this cornerstone of American life is under scrutiny. What if I told you that some believe Social Security, one of America's longest-standing social programs, is a trillion dollar Ponzi scheme on the brink of a collapse?
The short answer: No. For the full explanation, just watch the video!
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Warning: 7 Stocks Warren Buffett Just Dumped
#warrenbuffet #investing #stockmarket
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Warren Buffet and his investing team put 7 of Berkshire Hathaway's holdings on the chopping block during the December-ended quarter filing which was released on February 14 2024, he sold his entire position in 4 companies and the other three he trimmed down. Let's see what Warren Buffet is offloading and the reasons we believe he is doing so. The first sizable holding that found itself on the chopping block during the December-ended quarter is media company Paramount Global. Buffett's company cut down nearly a third of its position, which had stood at north of 93 million shares. The catalyst for dumping more than 30 million shares looks to be Paramount's undesirable balance sheet. More specifically, the company is lugging around $14.6 billion in long-term debt, compared to just $2.46 billion in cash and cash equivalents, as of the end of 2023. With cord-cutting ongoing and Paramount's streaming segment still losing money, investors have begun to lose patience & buffet too needless to say. Another high-profile name that took a big haircut in Berkshire Hathaway's investment portfolio during the fourth quarter is personal computing and printing services provider HP, a household computer company. Buffett and his team dumped close to 78% of Berkshire's stake, compared to what was held on Sept. 30, 2023. The force behind this selling activity may have to do with the sluggishness of PC sales. Though PC sales surged during the initial stages of the COVID-19 pandemic, they've meaningfully retracted with most employees returning to the office. With no sales growth forecast for the current year of 2024, HP's 3.6% dividend yield simply isn't enough of a return to keep Buffett and his team interested it seems. HP also looks like a perfect example of a "fair company at a wonderful price" that Buffett would prefer to avoid. Although HP stock can be purchased for a mere 10 times forward year earnings, the company's growth days are long gone it seems. The company Now looks reliant on relatively low-margin products and printing services, so HP lacks the needle-moving results Berkshire's brightest minds desire….. Watch the video for the rest!
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Chapters:
0:00 - Introduction
0:25 - Paramount Stock
0:56 - HP Stock
2:00 - Apple Stock
2:44 - Markel Group Stock
3:37 - StoneCo Stock
4:30 - Globe Life Stock
5:16 - D.R Horton Stock
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Contact: bizinquirysmgmt@gmail.com
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References/Credits/Authors:
-https://13f.info/manager/0001067983-berkshire-hathaway-inc
-https://seekingalpha.com/
-https://www.fool.com/investing/2024/03/15/here-are-all-7-stocks-warren-buffett-is-selling/
-https://www.nerdwallet.com/article/investing/average-stock-market-return
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Disclaimer:
This channel is for education purposes only and does not constitute financial advice. We also research and source topics/scripts/information from online outlets. If we used information that is yours & you want to inquire, please use the email above.
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The Secret Behind Steve Jobs Wealth
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On October 5th 2011 Steve Jobs died of Pancreatic cancer at 56 years old. At the time of his death Steve jobs was worth an estimated 10.2 billion dollars. Having that net worth at this time made him one of the wealthiest people in the entire world. Now, this may not be a surprise to most of us because after all he was one of the three founders of Apple, which now has a market capitalization of over 2.5 Trillion Dollars making it the second most valuable company in the world right now. But the thing is that the company we know him for actually had very little to do with the fortune he amassed over his lifetime. It's quite coincidental because by assumption, you would think Steve Jobs' money was made from Apple, but in reality it wasn't. So to start this story, we need to take it all the way back to when Apple was founded. Apple was famously founded by Steve Jobs, Steve Wozniak and Ronald Wayne in this California garage in 1976. The business found its initial investments from Steve selling his Volkswagen bus and Wozniak selling his high-end pocket calculator. These funds were then utilized for the development of the Apple One and the Apple 2 desktop computers, which presented an easier method of interaction with the large computers at the time, making them appealing to the public. During this timeframe Ronald Wayne, the often forgotten third founder of Apple, would sell his 10% share of the company for eight hundred dollars. Unfortunately for him those today would be worth over 250 Billion dollars, just think about this if you didn't buy Nvidia stock months ago. Anyways, Fast forward to the 1980s and the company had found tremendous success selling personal computers.
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Inquiries: bizinquirysmgmt@gmail.com
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Disclaimer:
This channel is for education purposes only and does not constitute financial advice, we are not responsible for investment actions taken by viewers. Please seek out a registered advisor if you require assistance!
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