{"id":818375,"date":"2026-10-30T06:24:26","date_gmt":"2026-10-30T06:24:26","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/818375\/"},"modified":"2026-10-30T06:24:26","modified_gmt":"2026-10-30T06:24:26","slug":"cryptocurrency-fraudster-stole-250000-for-spending-spree","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/818375\/","title":{"rendered":"Cryptocurrency fraudster stole \u00a3250,000 for spending spree"},"content":{"rendered":"<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">A woman conned victims out of thousands of pounds before spending almost \u00a3250,000 on jewellery, travel, home improvements, vehicles and takeaway food.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Nottinghamshire Police said Faisa Ali took money from a large number of investors for her cryptocurrency company, from 2021 to 2023, and made guarantees their cash could not be lost.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">However, she sent a text message to the investor WhatsApp group in March 2023, which stated she had made poor decisions and lost all their money.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">The 34-year-old, of Palin Street in Radford, Nottingham, was given a three-year prison sentence &#8211; suspended for three years &#8211; at Nottingham Crown Court on Monday and was ordered to carry out 300 hours of unpaid work.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">The force said it opened an investigation after angry investors turned up at Ali&#8217;s home and she called the police.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Officers said 23 victims, nearly all from Somali communities across the UK, including Nottingham, Sheffield, Birmingham and London, provided witness statements and one person had lost more than \u00a340,000.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Detectives established Ali had been fully aware the value of almost all cryptocurrencies had fallen dramatically and consistently over the 18-month period she operated the scheme, but had continued to use money from new investors to fund a &#8220;luxury lifestyle&#8221;.<\/p>\n","protected":false},"excerpt":{"rendered":"A woman conned victims out of thousands of pounds before spending almost \u00a3250,000 on jewellery, travel, home improvements,&hellip;\n","protected":false},"author":2,"featured_media":818376,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[84,59,56,54,55],"class_list":["post-818375","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-business","tag-gb","tag-uk","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/818375","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=818375"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/818375\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/818376"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=818375"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=818375"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=818375"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}