A U. of I. student reported that he had been defrauded of $3,500. The student received a call from someone purporting to be a law enforcement officer from Chicago who had a warrant for the student’s arrest related to a drug investigation. To resolve the warrant, the student was instructed to wire $2,500 to an unknown person via Bitcoin and also purchase $1,000 in gift cards to a retail store and read the card information over the phone. The student complied with the instructions.
