PayPal fraudster's £50,000 in Bitcoin seized on proceeds of crime confiscation

clock • 2 min read

Gabriele Pearson sentenced to 15-month jail term last week among the first to have Bitcoins confiscated under Proceeds of Crime Act

A 23-year-old PayPal fraudster has become one of the first convicted criminals in the UK to have Bitcoins confiscated under a Proceeds of Crime Act confiscation order following his sentencing to 15...

To continue reading this article...

Join Computing

  • Unlimited access to real-time news, analysis and opinion from the technology industry
  • Receive important and breaking news in our daily newsletter
  • Be the first to hear about our events and awards programmes
  • Join live member only interviews with IT leaders at the ‘IT Lounge’; your chance to ask your burning tech questions and have them answered
  • Access to the Computing Delta hub providing market intelligence and research
  • Receive our members-only newsletter with exclusive opinion pieces from senior IT Leaders

Join now

 

Already a Computing member?

Login

You may also like
PayPal to lay off nearly 2,000 employees

Corporate

Caps off a rough month for tech companies

clock 01 February 2023 • 1 min read
PayPal: 35,000 customers breached in credential stuffing attack

Hacking

PayPal has reset passwords on all impacted accounts

clock 20 January 2023 • 3 min read

Financial Solutions

Crypto 'becoming a legitimate funding source to make transactions in the real world at millions of merchants' says PayPal boss Dan Schulman

clock 31 March 2021 • 3 min read
Most read
01

Fortinet confirms data breach

16 September 2024 • 2 min read
02

Ransomware targets London branch of China's ICBC

13 September 2024 • 2 min read
03

Teen arrested over TfL cyberattack

13 September 2024 • 3 min read
04

Sign up to our newsletter

The best news, stories, features and photos from the day in one perfectly formed email.

More on Security

Microsoft offers advice on avoiding another CrowdStrike-style outage

Microsoft offers advice on avoiding another CrowdStrike-style outage

Vendors should minimise use of kernel mode, customers should make full use of integrated Windows security features

John Leonard
clock 29 July 2024 • 3 min read
'Gay furry hackers' breach conservative US think tank behind Project 2025

'Gay furry hackers' breach conservative US think tank behind Project 2025

Heritage Foundation calls group "degenerate perverts"

Tom Allen
clock 11 July 2024 • 2 min read
Why 'change' for the UK must include cybersecurity

Why 'change' for the UK must include cybersecurity

Labour needs to to get ahead and demonstrate a commitment to security from the outset

Rick Jones
clock 11 July 2024 • 4 min read