Police have arrested a fake Uber driver who is accusing of stealing more than $300,000 in cryptocurrency from unwitting passengers. "While manipulating the unsuspecting victim’s phone the suspect transferred cryptocurrency from their digital wallet to his digital wallet," police said in a statement. He was charged with two counts of money laundering, two counts of fraudulent schemes and two counts of theft. Cryptocurrency fraud, a fast-growing and lucrative crime, is a huge concern to law enforcement authorities. More than 16,000 complaints of cryptocurrency fraud came from people over 60, according to the FBI's first Cryptocurrency Fraud Report, released in September.

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Persons: Nuruhussein Hussein, Hussein Organizations: Scottsdale Police Department, United States Secret Service, Scottsdale . Police, Maricopa County Jail, Service, FBI Locations: Scottsdale , Arizona, Phoenix, Scottsdale, Maricopa County, Ethiopia, U.S, Southern California, Chicago