How the IRS Investigates and Combats Metaverse Fraud
/IRS Criminal Investigation Chief Guy Ficco, CFE, described the metaverse as “ripe for criminal activity” in his session at the 35th Annual ACFE Global Fraud Conference. He explained that criminals exploit the anonymity, pseudonymous transactions and lack of regulation intrinsic in the metaverse’s makeup to engage in theft, investment fraud, tax evasion, money laundering and other schemes.
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