Missing devices in crypto scam case thrown away under company policy

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An SMSF alleges an Australian crypto exchange, as middlemen, should have done more to weed out frauds using their platform to scam people.

cammers used the crypto exchange to facilitate the movement of money from investors they tricked using a sham company called 500 Investments.made itself out to be an investment group to help people put money into overseas initial public offerings

ACCE’s lawyer, Piper Alderman partner Louise Gehrig, said in an affidavit that the two devices belonging to Mine Digital chief operating officer Matthew Starkey were used between August 2020 and December 2020, when the SMSF transacted with Segregated Solutions. They were performing poorly, so were replaced in January 2021, according to the court document.

Mr Starkey was provided with a new phone and desktop computer in January 2021, and bought a new laptop, which was delivered in August 2021, the affidavit said.is not accusing Mr Starkey of wrongdoing, but is merely summarising what ACCE’s legal team wrote in a court affidavit. Mr Starkey declined to comment as the matter is before court.

ACCE said in its defence it understood Segregated Solutions was acting on behalf of the local couple.

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