The Metropolitan Police said that three men were jailed for impersonating police officers to defraud eight victims of more than £4 million in cryptocurrency. Victims were told their crypto was at risk and were persuaded to share account details or move funds to fake secure police accounts, making the police ruse the core mechanism behind the wallet theft.
Anthony Ikenwe, 29, and Kevin Nwamma, 25, each received six-year sentences for conspiracy to commit fraud and concurrent five-year money laundering terms. Hamza Bashir, 23, received three years and nine months for conspiracy to commit fraud and a concurrent three-year money laundering term, placing money-laundering convictions alongside the underlying crypto-fraud scheme.
Investigators said the gang used convincing police websites, laundered stolen crypto through a complex network and funded luxury spending, while officers recovered about £1 million linked to victim funds. The Met said it continues working with UK and international partners, making asset recovery and further linked suspects the remaining enforcement track.
Source: Metropolitan Police.
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