Status hearing opens for Singaporean Malone Lam tied to US$260m crypto scam
Singaporean Malone Lam is back in US court for a status hearing. He is accused of leading a crime ring that's behind a case of fraud amounting to around US$260 million. According to prosecutors, Lam was the ringleader of a network that saw them posing as employees of Google and Yahoo — allegedly duping seven victims into revealing passwords and other sensitive information to gain access to their cryptocurrency accounts. Toni Waterman reports from outside of the court in Washington DC.
Singaporean Malone Lam is back in US court for a status hearing. He is accused of leading a crime ring that's behind a case of fraud amounting to around US$260 million. According to prosecutors, Lam was the ringleader of a network that saw them posing as employees of Google and Yahoo — allegedly duping seven victims into revealing passwords and other sensitive information to gain access to their cryptocurrency accounts. Toni Waterman reports from outside of the court in Washington DC.
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