The Expert Podcast

Do online financial fraud scammers have to pay back their victims? Yes, they do. Here's another story about a scammer. This one happens to be in New Hampshire and stole $3.5 million from victims of a scam. He was ordered by the court to repay that money to the victims, and in fact, he has to pay back more than the losses because he had to pay legal fees and some other fines that go along with it.

So if you're a victim of some kind of online scam, maybe it's a fake investment scheme, maybe it's a pig butchering scheme, maybe it's some type of crypto scheme—we see this a lot. The scammers eventually do have to come to an agreement, whether it's voluntary or forced, to recover funds for the victims. It's a long process. You have to go through an investigation and find out the identity of the person, find their assets, and go through a process, but it's not going to happen unless that process is initiated.

So if you're a victim of a scam, fraud, or something online, make sure that you don't give up. The scammers count on victims just walking away and saying, "Hey, I just lost my money." That way they can go on to other victims. So if you want more information on what to do if you're a victim of a scam, you can click on our website. You can arrange a consultation with a licensed private investigator to find out what the options are in your case. We'd be glad to be of assistance.

But don't be a passive victim and let your losses just become the new assets of a scammer because that money and assets belong to you.