Fraud and Scams

Arrest Warrant Served For Bigtime Bitcoin Scammer

Peter Foster, a serial con artist, is the point of an arrest warrant Down Under. This is after prosecutors in Sydney withdrew more than a dozen charges over an allegedly multi-million-dollar Bitcoin scam.

An arrest warrant was served to the 58-year-old Australian. He was charged with counts 15 fraud; after allegedly pretending to be Bill Dawson. As well as delivering 120 Bitcoin from someone in Hong Kong from 2019 and 2020.

The charges were recently dropped. This compelled Queensland police to issue an arrest warrant “in relation to a number of alleged fraud offences.”

Foster was on bail but didn’t appear in Downing Centre Local Court, with his lawyer informing the court that he wasn’t sure where Foster went after proceeding to the lawyer’s place that same morning.

“Queensland Police and NSW Police are currently making enquiries into his whereabouts,” a spokesman informed AAP in a report.

arrest warrant
Queensland police have issued a warrant for the arrest of conman Peter Foster. Image Source: Canberra Times

Foster was extradited to Sydney last August 2020 after being apprehended from a beach in Queensland.

Strict Bail Condition

He spent seven months in detention till a judge allowed him on a strict bail on March 26.

As required for granting him bail, he was directed not to leave his Dover Heights home. He can only leave his home if it’s a medical urgency, police briefing, or to meet his legal counsel.

Aside from the mentioned condition, he also would need to surrender his passport. He has to wear an electronic tracking anklet as well. Foster was also prohibited from using any mobile phone.

Last February, a court in Sydney was informed that the authorities were yet to statement from the complainant directly.

Lawyer Angelo Bilias during that time stated that,

“The whole prosecution relies upon investigations not conducted by the police but a private investigator and his own reasons.”

Court papers for the since-withdrawn charges state the alleged scam was valued at about US$1.141 million during January 2020 where the last incident was said to have transpired.

The value of 120 Bitcoin was sitting around US$4.9 million on Thursday.

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