#1
#1 out of 1
crime1d ago
Department of Justice to return $470,735 to victims of cryptocurrency investment scheme
- The Department of Justice will return about $470,735 to two Maine victims of a cryptocurrency investment scheme.
- More than $800,000 belonging to the victims was transferred to cryptocurrency wallets controlled by criminal actors in 2022.
- The FBI seized 470,773 USDT (Tether) traced to the victims’ payments.
- The court ordered the proceeds to be forfeited to the United States, which will provide the funds to the victims.
- Scammers use social engineering and may contact victims via messaging apps or social platforms to begin the scheme.
- Victims are often guided through fake investment processes and shown fake returns on investments.
- If victims try to withdraw funds, scammers may demand additional fees or taxes, and the money is not returned.
- The FBI advises reporting cryptocurrency scams to the Internet Crime Complaint Center (IC3).
- The Department of Justice credited Tether for assistance in transferring assets.
Vote 0