Big win for AG’s office

Kansas Attorney General Kris Kobach today announced his office successfully recovered an international electronic wallet and will return money to a Kansas victim of a crypto investment scam. It marked one of the state’s first successful civil actions against an international internet scammer. A Kansan filed a consumer complaint with the AG’s office that she was promised a large return in exchange for investing in cryptocurrency. Investigators learned that Bimbo Toyin Akinyemi, of Nigeria, defrauded the victim’s cryptocurrency. General Kobach’s Charities and Financial Scams unit filed a lawsuit against the Nigerian under the Kansas Consumer Protection Act. Akinyemi failed to respond after being served, but the district court entered an order against Akinyemi for full restitution and assessed penalties. The order allowed the AG’s office to seize Akinyemi’s digital wallet, which contained half of a Bitcoin, valued at more than $28,900 and other digital currency valued at more than $4,000.