Early this morning, a 59-year-old man suspected of cryptocurrency fraud was arrested during a police raid at his home in Alderley Edge.

The police executed a warrant for his arrest, suspecting him of involvement in multiple investment fraud scams linked to cryptocurrency. He is currently being questioned on charges of fraud, money laundering, and theft of a motor vehicle.

Cheshire police released footage from the operation, showing officers from the cyber crime and economic crime units forcing entry into the suspect's flat. Officers announced their presence by shouting, "Police, stay where you are," as they burst through the front door.

In the video, the suspect is seen still in bed, where he was instructed to "put his hands" up before being taken into custody in handcuffs. Several items, including a computer and a mobile phone, were seized during the operation.

Detective Sergeant David MacFarlane commented on the raid, stating, "The warrant conducted this morning in Alderley Edge is the culmination of an ongoing investigation into a cryptocurrency investment scam which we believe has been taking place. This and the subsequent arrest show how seriously we take fraud offences, and we are committed to identifying individuals who take advantage of people in this way."

He added, "I hope that this ongoing investigation provides reassurance to members of the public and acts as a warning to anyone planning to commit such offences in the future."