TechFlow news, July 5, according to French media Nice-Matin, the French Var Department Gendarmerie, after a one-year investigation, arrested a mother and son at a rented villa in Cavalaire-sur-Mer on June 25. The two, under the pretext of "property sale security deposit," induced a wealthy couple from La Londe-les-Maures to deposit 1.5 million euros worth of crypto assets into a designated account, then used a miniature camera hidden in glasses to secretly obtain the account private keys during a meeting in Milan, transferring all the funds away.
This method belongs to a typical "fake sale" (Rip Deal) fraud. Both suspects have prior records and refuse to admit guilt; they are currently under judicial control, and three properties owned by them located on the Côte d'Azur (valued at approximately 1.9 million euros) have been judicially seized. The case will be heard at the Draguignan Criminal Court on September 1, with charges of organized fraud and unexplained origin of assets.
