A poker player is now in big trouble and faces three charges in a Las Vegas court. Filippos Liakounakosthe likeable, down-to-earth player at the center of this story who has no live poker winning history according to The Hendon Mob, is accused of defrauding a 2020 newbie crypto trader and tricking him out of $500,000.
Liakounakos will face charges of using a false identity, stealing $100,000 and illegally transmitting computer data. The charges against him are serious enough to have caught the attention of Las Vegas Review-Journal who reported on the incident on Tuesday last week.
Police are determined to follow up on victim’s allegations
The victim’s name has not been shared publicly, media said. The money transferred by the victim was supposed to be deposited with a company that handles cryptocurrency investments. The victim also had to pay a $50,000 selling fee, but soon realized his money had vanished into thin air.
When they called the company the next day, they were informed that no transaction had been made in their name or for the amount requested. Bitcoin transactions are usually instantaneous and take a few minutes to process on the blockchain. This is how they discovered that they had been duped by a scammer.
The victim then informed the authorities of the scam. It was back in November 2020. Since then, Liakounakos has been under investigation by the police. Investigators have used the blockchain to their advantage. Due to the transparency of the public ledger, anyone can track transactions from address to address.
Although people’s addresses may not be immediately associated with them publicly because bitcoin enjoys anonymity, the detective handling the case said he was able to see bitcoin move rapidly from address to address. other. This, he said, was known as “peeling” and was used to try to execute too many trades to make it harder for anyone stalking to keep up.
Liakounakos’ fatal mistake that led to his arrest was when he allegedly phoned the victim the following month and demanded another $500,000. This time, the victim was prepped and used the sender’s email address, which allowed investigators to identify the culprit and issue an arrest warrant.
Liakounakos hasn’t enjoyed a spotless reputation in the poker community either. There have been several reports of Liakounakos’ attempts to scam other players, and in one case shared by the founder of Poker Fraud Alert Todd Wittelles and Poker News, it was said that Liakounakos scammed Cord Garcia, a poker professional out of $600,000.
However, this has not been confirmed and no investigation has been opened. Liakounakos’ guilt in the alleged $500,000 victim of his scam also remains to be determined.