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Enid police report spike in Bitcoin-ATM fraud, urge temporary ban while law and case law develop
Summary
Detective Jones told the commission Enid has seen about 16 kiosk-related fraud cases this year totaling roughly $261,637, many involving older victims; he recommended a temporary ban while legal remedies and case law catch up, and staff said state statutes and new licensing rules complicate local bans.
Detective Jones, speaking for local law enforcement, described a sharp increase in cryptocurrency-kiosk fraud in Enid and urged the commission to consider a temporary ban on the machines until state regulations and case law better protect victims. "In Enid alone this year, we've seen 16 cases involving these kiosks. Twelve of these victims were over the age of 70, and altogether, these frauds have cost us about $261,637," Detective Jones said.
Jones explained common tactics used by scammers—urgent phone calls, false claims about compromised bank accounts and directions to convert cash to cryptocurrency…
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