Wolcott police arrest NY man for crypto scam that cost victim $60K
Suspect was in the country on an expired student visa, police say
WOLCOTT, CT (WFSB) - A man with a New York address was charged my Wolcott police with larceny and telephone fraud for a cryptocurrency scam.
Police identified the suspect as 28-year-old Xiallong Wang of Flushing, NY.

Xiallong was arrested on Dec. 6.
Wolcott police said Xiallong was involved in a scam that uses a fake “BingX” website that supposedly transfers cash into cryptocurrency in order to purchase gold.
“We learned that a male victim was contacted via random text message by a female, who enticed the victim into an online relationship,” Wolcott police said. “The female instructed the victim to invest in gold by utilizing the fraudulent BingX account.”
The victim lost about $60,000, police said.
Wolcott detectives said they began an investigation after the victim notified them of the loss.
A sting operation was set up to have the suspect come to the victim’s home in Wolcott to collect more money.
“When he arrived, he was placed under arrest,” police said. “Xiallong was transported to the Wolcott Police Department.”
He was charged with criminal attempt at second-degree larceny, first-degree telephone fraud, and criminal impersonation.
“After [Xiallong] told us that he is a Chinese immigrant, the Department of Homeland Security was notified of this arrest,” police said. “We then learned that [Xiallong] was in the U.S. on an expired student visa.”
Xiallong, who was held on a $150,000 bond, was transported to Waterbury Superior Court on Dec. 9. He was then transported to the Whalley Avenue Detention Center where he remained held on bond.
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