The Expert Podcast

Do Ponzi schemes get investigated at all? Do they get shut down? Well, yes, they do. Here's a perfectly good example: The Department of Justice did an indictment on a $43 million fake crypto Ponzi scheme. I can't tell you how many times we've seen stories like this. We get dozens of calls every day from people who have lost money on these fake investments, usually crypto or Bitcoin schemes. They put in money, they show you a return, then they ask you for more money. They show you more of a return. Next thing you know, you've got a lot of money in there, and you might see a big number on your statement. But that statement is just fake. And then, when you go to take money out, they tell you, "Well, you have to pay taxes or you have to pay audit fees," or something, or they ghost you, or both.

But these cases do get investigated. They get prosecuted. You need to file it with the IC3, make sure you do that. You need to take the proper steps for asset recovery, you need to do proper documentation for your case. As you know, we have consultation services for victims. You can click the link below. We're a licensed private investigator, and we do these fraud cases and asset cases all the time. So take advantage of that. As a victim, we can guide you into what the steps might be and what odds you have of getting your money back if you've lost money. They do investigate these cases. Sometimes it takes a while, and you want to make sure that you structure yourself properly as an identified victim so that you don't get lost in the shuffle if and when the government does come in and clamp down on some of these cases.

But if you've lost money in what's called a pig butchering scam, or a Ponzi scheme, or one of these other investment schemes—Bitcoin, bonds, real estate, whatever it is—make sure you take the right actions, get good advice, and get good suggestions for how to go about minimizing your losses and maybe getting some of your recovered funds back.