The Expert Podcast

• Topic: Do Ponzi Scheme Scammers Ever Get Caught?
• Overview:
  • Do scammers ever get caught?
    Yes, people get caught all the time. From pig butchering schemes to fake crypto bonds, scammers often face prosecution. One recent case involved a $100 million scam, and victims are starting to get their money back.
  • What you should do if you’ve been scammed:
    1. Take action immediately – Don’t stay silent or embarrassed. Many scammers continue their actions because victims hesitate to report.
    2. Stop future losses – Ensure scammers have no access to your bank accounts, crypto wallets, or any other financial accounts.
    3. Psychological manipulation – Be aware that scammers will use psychological tactics (greed and fear) to lure you into sending more money.
  • How to report the scam:
    1. File a notice with the IC3 (FBI’s Internet Crime Complaint Center).
    2. File a complaint with your district attorney or state attorney general – If they won’t take action, submit the complaint by mail.
    3. File a police report – Although it may be difficult for them to take jurisdiction, ensure you have documentation of the attempt.
  • Recovery of funds:
    • Many cases, such as a $125 million scam in Utah, have seen partial recoveries (up to 25% of funds).
    • Look into cases where scammers have been caught and learn from them.
  • How to help enforcement authorities:
    • Investigate on your own by tracking assets and activity. Provide clear evidence to help agencies build a case.
    • Live consultations: Consider consulting a private investigator for advice on gathering evidence and tracking scammers.
  • Conclusion:
    Scams are not always a lost cause. Many scammers get caught, and victims sometimes recover all of their lost funds. The earlier you act, the better your chances are of recovering money.