On a dreary British day in January 2018, two men, one in a wheelchair, the other pushing him, sped through Manchester Airport on their way to catch an Emirates jumbo jet to Dubai. Know more:
On a dreary British day in January 2018, two men, one in a wheelchair, the other pushing him, sped through Manchester Airport on their way to catch an Emirates jumbo jet to Dubai.
One year later, Parker and Boys were facing arrest warrants. What became clear after a two-year police investigation and a six-week jury trial at Preston Crown Court in 2022 was that Parker and his unlikely mob had cheated the firm out of A$37 million . Parker’s swift rise and fall was compiled from court proceedings in the city of Preston, court documents and interviews with police, lawyers and some of the participants in the fraud.Bed-bound from smoking-related illnesses—chronic obstructive pulmonary disease—Parker began dabbling in cryptocurrency in 2017. He had once done technical drawings, but he was no tech expert.
But he couldn’t just open an Australian bank account from England and cash it out. Instead, he used his credits to buy more Bitcoin, then moved it to a different platform where he could transfer it. In a matter of months, Parker went from having nothing to being a millionaire. By November 2017, he had moved into a room at the North Euston Hotel in nearby Fleetwood.
Explaining the glitch to his friend Phoebe Davies, he told her he was making a lot of money “f**king with a website.” Davies didn’t understand how it worked and told Parker she thought he would end up in serious trouble. Parker, unhappy with her response, stopped talking to her within days. The expansion, however, was one of the mistakes that began to unravel the crime. CoinSpot only spotted the fraud as the volume increased.
The plot ended in a similarly hapless fashion. Caton’s daughter allegedly stole a Bitcoin and an incensed Caton reported it to the police. When police interviewed her daughter, the only thing she would say was that they should investigate where her mother really got the crypto.
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