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89-Year-Old Retiree Loses Over $97,000 in Crypto Theft Scheme

An 89-year-old retiree was defrauded of over $97,000 in a cryptocurrency scheme. William Ly, 26, was arrested on August 4 and faces multiple charges including financial elder abuse and grand theft.

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William Ly

An 89-year-old retiree lost more than $97,000 in a cryptocurrency theft scheme, according to the Ventura County Sheriff's Office. William Ly, 26, from Simi Valley, was arrested on August 4 on charges of financial elder abuse, grand theft, and identity theft following a months-long investigation.

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Senior citizen swindled out of nearly $100K in crypto transfers

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89-Year-Old Retiree Loses Over $97,000 in Crypto Theft Scheme