These Companies Say They Can Recover Stolen Crypto. That Rarely Happens.

  • 📰 Forbes
  • ⏱ Reading Time:
  • 62 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 28%
  • Publisher: 53%

Business News News

Business Business Latest News,Business Business Headlines

After being scammed for over $500,000, one man paid one such company $6,500 to recover his stolen savings. A year later, he’s received nothing — and he’s not alone.

.” Blockchain Intelligence Group charged GASO $6,000 per year for its tool.

From there, the investigator will take this diagram and use it to create a written report describing where the fraudulently-obtained crypto went. Such reports typically include details like phone numbers connected to the scammers, fake websites that were used in order to perpetrate the fraud, and cryptocurrency exchanges that facilitated the flow of money. Sometimes they explain how law enforcement might go about furthering the investigation.

Shawn Bradstreet, the special agent in charge for the United States Secret Service San Francisco Field Office, toldthat his agency “cannot rely on such third party firms’ analysis” when investigating a crypto scam.with any law enforcement agencies that it claims to have developed relationships with. Greene further toldvia email that sharing contact information would be “in conflict” with law enforcement’s “professional objectives.

Sometimes, such recovery firms ask law enforcement agencies to hand over the KYC information: a name, address, phone number, and other personal details of an account involved in the scheme. These details likely would not point to the ultimate mastermind, as scammers use numerous accounts to steal, launder, and cash out stolen funds.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Companies that claim they can recover your stolen money are scammers themselves. They stalk you to hire their services and compel you to pay huge sums before they commence. In the end it is “twice bitten, once shy”. I have never been victimized tho.

So he got scammed twice? Got it.

Unregulated capital is always a wise investment. SMH. Especially if you fall victim to scams.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 394. in BUSİNESS

Business Business Latest News, Business Business Headlines