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Tag: lottery fraud

  • Florida Man Jailed After Trying to Cash Stolen $115K Fantasy 5 Ticket

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    Posted on: January 13, 2026, 06:04h. 

    Last updated on: January 13, 2026, 06:04h.

    • Man tried claiming $115K Fantasy 5 ticket; staff flagged it stolen.
    • District office verification and electronic logs helped investigators trace ticket.
    • Areeb alleged uncle gave him ticket; later admitted false claim.

    A Florida man who tried to cash a winning lottery ticket worth $115,733 at a Florida Lottery office ended up in jail after officials determined the ticket had been stolen weeks earlier.

    Florida Lottery, Fantasy 5, stolen lottery ticket, lottery fraud, first-degree grand theft
    Jawed Areeb, above, was arrested after allegedly attempting to cash a stolen $115,733 Fantasy 5 lottery ticket at a Florida Lottery office in West Palm Beach. Investigators say the ticket had been reported stolen weeks earlier. (Image: Palm Beach County Jail)

    Jawed Areeb, 26, appeared at the office in West Palm Beach on October 30 clutching the ticket for the Florida Lottery’s Fantasy 5 draw games, CBS12 reports. The six-figure payout indicates it was a jackpot-level win – likely matching all five numbers – although officials did not confirm this.

    Ticket Traced

    Lottery rules require prizes over $600 to be claimed at a district office, where stricter identification and verification procedures are in place.

    Because Fantasy 5 is a draw-based lottery game, tickets are logged electronically at the time of purchase rather than revealed instantly like scratch-offs, allowing officials to identify the ticket as stolen during processing.

    Despite the turn of events, Areeb maintained the ticket was his. During a subsequent investigation by a Florida Lottery law enforcement special agent, Areeb insisted he was given the ticket by his uncle who asked him to cash the ticket on his behalf.

    When asked to provide his uncle’s name and the address of his place of business, Areeb gave the same address from which the ticket had been reported stolen. He was arrested and booked into the Palm Beach County Jail on January 3.

    Serious Repercussions

    Unfortunately for Areeb, under Florida law, a lottery ticket is considered personal property, and ownership of the ticket carries ownership of any prize it wins. As a result, attempting to cash a stolen winning ticket is treated as theft of the prize money itself, not merely the paper ticket.

    If prosecutors charge the case based on the value of the attempted theft, it would fall under first-degree grand theft, because the amount exceeds $100K. That comes with a maximum penalty of up to 30 years in prison and a fine of up to $10K.

    However, such maximum sentences are imposed rarely, especially in cases involving non-violent offenses and unsuccessful attempts to obtain the money.

    In 2023, a Massachusetts store clerk’s attempt to cash a $3 million scratch-off ticket she stole from a customer saw her facing multiple felony charges of larceny and fraud. But the judge went easy on 24-year-old Carly Nunes, sentencing her in February 2024 to two years’ probation with the requirement that she continue treatment for substance abuse.

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    Philip Conneller

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  • California Implements New Cryptocurrency Laws to Combat Bitcoin ATM Scams

    California Implements New Cryptocurrency Laws to Combat Bitcoin ATM Scams

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    Bitcoin (BTC) ATMs have become both convenient and worrying, with scammers taking advantage of unsuspecting victims. Authorities in the US and other jurisdictions are now waging a war against crypto-ATM-based scams.

    California takes a stance on new cryptocurrency laws

    The state of California has introduced rules for cryptocurrency transactions. Senate Bill 401, signed by Governor Gavin Newsom, means you can only make $1,000 worth of cryptocurrency transactions at ATMs each day, and starting in 2025, the maximum they can charge you is $5, or 15% of the transaction. Whichever is higher.

    Initially, some Bitcoin ATMs allowed up to $50,000 in transactions with fees ranging between 12% and 25% above the value of the digital asset. These changes are intended to protect people from scams and high fees, explained Sen. Monique Lemon, one of the co-authors.

    Scammers taking advantage of the convenience of Bitcoin ATMs have been a growing concern, with the Federal Trade Commission reporting that more than 46,000 people have lost more than $1 billion to cryptocurrency scams since 2021. New transaction limits give victims more time to spot scams before loss of money. But Charles Bell of the Blockchain Advocacy Coalition worries that these rules could hurt the cryptocurrency industry and small businesses.



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    FBI Alerts About Bitcoin ATM and QR Code Scams

    The Federal Bureau of Investigation (FBI) has raised the alarm about fraudulent schemes exploiting ATMs for cryptocurrencies and quick response (QR) codes for payments. These schemes take various forms, including online impersonation, romance scams, and lottery fraud, all using cryptocurrency ATMs and QR codes as tools.

    QR codes, which smartphone cameras can scan, simplify cryptocurrency payments. However, criminals are now using it to trick victims into paying money. Victims are often asked to withdraw money from their accounts and use a QR code provided by scammers to complete transactions at physical cryptocurrency ATMs.

    Once the victim makes the payment, the cryptocurrency is transferred to the scammer’s wallet, making recovery nearly impossible due to the decentralized nature of cryptocurrencies. The FBI offers several tips to protect against these schemes, focusing on caution, verification, and avoiding cryptocurrency ATM transactions that promise anonymity using only a phone number or email.



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    Cryptocurrency regulation efforts in California

    The passage of Senate Bill 401 in California is part of a broader effort to regulate the cryptocurrency industry while protecting consumers. Another law, scheduled to take effect in July 2025, will require digital financial asset companies to obtain licenses from the California Department of Financial Protection and Innovation. This represents a clear shift towards tightening government regulation and oversight in the world of digital finance.

    Gavin Newsom’s decision to sign these bills into law demonstrates California’s commitment to strengthening the cryptocurrency industry and protecting its citizens. Balancing innovation and security remains a challenge, especially in a rapidly evolving digital landscape.

    Bitcoin Depot’s historic debut on the NASDAQ

    In July, Bitcoin Depot, a leading bitcoin ATM operator, went public on the Nasdaq. This milestone comes after Bitcoin Depot merged with GSR II Meteora, a blank check company.

    The move to go public demonstrates the growing legitimacy and acceptance of cryptocurrencies in major financial markets.

    Authorities vs. illegal crypto ATMs

    The UK Financial Conduct Authority (FCA) is taking a strong stance against illegal cryptocurrency ATM operators. Using its power under money laundering regulations, the Financial Conduct Authority (FCA) has carried out raids on cryptocurrency ATMs suspected of illegal activities across England.

    The measures, which follow previous operations in east London and Leeds, are part of the Financial Conduct Authority’s (FCA) efforts to crack down on unregulated cryptocurrency operations. This highlights global pressure for stronger cryptocurrency regulation, mirroring steps taken in California. The balance between innovation and security remains a fundamental concern for regulatory bodies around the world.



    Read more:

    McLennan County Bitcoin ATM Lawsuit Resolved

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    Editorial Team

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