Would you buy used Bitcoin from this man?

Two Bitcoin conmen fleeced an investor out of £5,000 after promising to sell him the crypto currency at a knock-down price.

Samuel King Billions (corr), 25, lured the victim to a luxury hotel in central London on October 19, 2019.

Billions, who describes himself as a floor manager at Crypto on his LinkedIn profile, did not attend the meeting but accomplice Samuel Oluwasegun, 24, turned up.

Oluwasegun told the investor he was there to collect his cash before the Bitcoin transfer could take place, Inner London Crown Court heard.

The victim handed over £5,000 in cash – and Oluwasegun ran from the hotel.

Billions, of Victoria Park Road, Hackney, was identified through his online profile while Oluwasegun, of Doria Drive, Gravesend, Kent, was later arrested.

Oluwasegun admitted conspiracy to defraud while Billions was convicted of the offence, but both avoided jail.

Billions must carry out 100 hours of unpaid work and was given a 12-week curfew order. He must also pay a victim surcharge of £90.

Oluwasegun must complete 80 hours of unpaid work and pay a victim surcharge of £90.

Detective Constable Ufuk Ekbic, from City of London Police, said: ‘Billions and Oluwasegun conspired to trick the victim into thinking they were going to receive a deal on Bitcoin, but the reality was it was all an elaborate lie to get the victim to hand over his money.

‘These two criminals will now pay the price for their dishonesty.

‘If someone offers you something which seems like it is too good to be true, the chances are it probably is.

‘Always stop and take a moment to think before parting with your money or information as it could keep you safe and protect you from criminals carrying out fraud.’