The Expert Podcast

Here we go again, another example of a multi-million dollar crypto fraud scheme that had a lot of victims. But the good news is, in this case like many of them, it was caught, prosecuted, and people are going to start getting their money back.

This is a case in Florida where a person stole $8.4 million of crypto in an investment scam. Allegedly, but he admitted to it, so I guess it's not allegedly anymore. He confessed to orchestrating this cryptocurrency investment fraud. It was called for conspiracy to commit wire fraud. This crime has a maximum 20 years in prison.

Everybody that we talk to that are victims of these crimes always say, "Do these people ever get caught?" Well, here they are. Here's one that got caught. He has to surrender $4 million in profits. Think about that, $4 million in profits. Well, those victims are going to start getting money back. If he stole $8 million, right? That's what it says, $8.4 million, and he's giving back four. Well, they're at least going to get back $4 million, plus there may be other recoveries from other sources. We've talked about that in other videos. There's third parties that may be able to kick in.

How long did this take? Well, this happened from 2017 to 2021. So sometimes the wheels of justice take a while.

Does this sound familiar? You will be back in your video in just a few seconds. In the meantime, remember that ActualHuman.com offers you live one-on-one private video consultation with an expert in this exact subject. We want to listen to your story, we want to hear your questions, we want to give you expert advisement of your options and tell you what we know about your particular situation.

Now back to your video. Falsely promising high returns on investments, right? If you're a victim of some investment scam, whether it's crypto, Bitcoin, real estate, you were promised high returns. That's the one red flag of all of them, promised high returns on an investment.

Recruited victims. This one was done in person. A lot of it's done through social media. Does this sound familiar? Investors were promised their money would double within six months. Double within six months. Have you been told that? And when you tried to get the money out, what happened? Most victims lost their entire investments as they could not withdraw supposed earnings.

Did you try to withdraw? Did they tell you there's taxes? Did they tell you there's fees? Did they tell you there's audit fees or accounting fees you have to pay? Or just not let you take it out? That's a very common scenario. Crypto investment, high returns, can't take your money out. Broken record, we see it all the time.

But the moral of this story is these people get caught eventually. Make sure you're doing your reporting to IC3. Make sure if you do want to try to speed up the process, you're doing your own investigation and see what your recovery options are. Again, we have consultation available at the link below and we have investigative services.

But if you're a victim, don't feel like you're the only one out there. Thousands and thousands of people have fallen for these crypto scams.