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2 Arrested in New Hartford Cryptocurrency Fraud Investigation
IllinoisGDELTGDELT event6% biasedMon, Jun 8, 2026, 12:00 AM
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2 Arrested in New Hartford Cryptocurrency Fraud Investigation.NEW HARTFORD, N.Y.-- Two men were arrested during a cryptocurrency fraud investigation that targeted a Town of New Hartford resident and business owner.According to the New Hartford Police Department, investigators arrested Xingxuan Li of Chicago and Xiaohui Lu of New York City on June 4, after the resident reported being "manipulated into transferring large sums of money" through a fraudulent cryptocurrency investment scheme."Investigators further determined that multiple individuals were allegedly operating as couriers responsible for arriving in person to the Town of New Hartford and physically collecting large amounts of United States currency from the victim on behalf of an organized fraud enterprise," according to NHPD.Police said Li allegedly arrived in New Hartford around noon to collect more than $50,000 in cash as a courier.Investigators found that the group arranged for Li’s travel from Chicago, including his flights and rental car.Later that afternoon, at about 3:30 p.m., Lu was arrested after traveling from New York City and attempting to collect money from the same victim.Both men were taken into custody following surveillance.Investigators said Li and Lu are currently present in the United States under pending asylum status, and their immigration status will be reviewed by Homeland Security Investigations and Immigration and Customs Enforcement.Li and Lu were each charged with attempted grand larceny and scheme to defraud.Li was arraigned in Town of New Hartford Court and released, while Lu was arraigned in Oneida County Centralized Arraignment Part Court and released.Investigators said this case may be linked to wider organized fraud activity involving cryptocurrency scams across multiple states.Additional charges and arrests may follow through the Federal Bureau of Investigation.The New Hartford Police continue to remind residents to use vigilance and a high level of caution when making any type of financial transaction online or with institutions that are not locally based.NHPD added that "anyone who willingly arrives to meet with you in person to collect from you large sums of money should not be trusted, as that’s not the way legitimate investment professionals conduct business."