Camarillo Police Warn Residents About Launder Schemes Using Bitcoin ATMs

The Camarillo Police Department said that the most recent scam is the same as the ones that have been reported in other regions in California.

It is when someone pretends to be a police officer and informs others that they are about to be arrested for making an internet purchase. The caller then instructs you to go to a certain ATM and provide them with your PIN so they may release your funds and you won't be charged with a crime.

Locals are warned that failing to provide their PIN might result in arrest for possession of narcotics or weapons, as well as for making purchases from illegal sellers.

Don't give it out either. The fraudster will then ask for another bank account information so they can transfer your money into it.

This is how it operates:

You get a call informing you that you were taken into custody for using Bitcoin to buy firearms or narcotics from an ATM in Los Angeles. They inform you that surrendering your private key (PIN) is the only way out.