Anthony Francis Faulk – Pennsylvania man charged with SIM Swap conspiracy to steal cryptocurrency

A 23-year-old man allegedly used the cryptocurrency that he stole from executives and cryptocurrency users to acquire a home purchase, a Ferrari, Rolex and the royalty rights for twenty songs was arrested in Latcoat, Pennsylvania, December 11.

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The frauds of Anthony Francis Faulk

Anthony Francis Faulk is facing an indictment by a federal grand jury on charges of conspiracy to commit fraud and extortion after a series of hacks targeting cryptocurrency companies.

On Wednesday, Anthony Francis Faulk was charged with a conspiracy to commit wire fraud and an interstate liaison with the intention of extortion and appearing before a judge in West Pennsylvania county.

He was later issued on a $ 250,000 bond and is expected to appear before Judge Sallie Kim on January 9, 2020. Faulk faces up to 20 years in prison and $ 250,000 fine, if he is convicted of conspiracy to commit fraud.

Faulk is alleged in the indictment that involved in a fraudulent scheme to obtain digital currencies and other assets through extortion and fraudulent activities, according to a notice from the United States Attorney’s Office United and Federal Bureau of Investigation.

As reported in a release,

“Faulk’s targeted assets are owned and controlled by the executives of crypto-related companies and cryptocurrency investors. The indictment accuses Faulk and others of participating in the ‘SIM Swap’ program and uses deceptive and social engineering techniques to force representatives of mobile phone service providers to transfer numbers mobile phones from the SIM card in devices owned by the victim to the SIM card in devices owned by conspirators”.

Screenshot of justice.gov

Once a target’s phone is successfully commanded, the applications and information in it can be used to access victim accounts, including bank accounts, social media and cryptocurrencies, maybe exhausted:

“The indictment further alleges that after Faulk and his accomplices had control of the victim’s Mobile phone numbers, the scammers used additional fraud techniques to gain access to email and ultimately to cryptocurrency accounts of victims.”

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