Caught in the Web: Do Online Scammers Ever Face Justice?

The Expert Podcast

• Common Inquiries:
  • The investigative division frequently receives over 100 calls daily, mainly regarding fraud, scams, and Ponzi schemes.
  • More than half of these calls involve victims of scams, particularly:
    • Bitcoin scams
    • Employment click scams
    • Pay-for-activity scams
• Scammer Tactics:
  • Victims often start with a small investment and are pressured to invest more to access larger balances.
  • Scammers typically use fake names, emails, and pictures.
• Accountability for Scammers:
  • Yes, scammers can and do get caught.
  • Example: A woman in Texas stole $31 million and received a life sentence for her Ponzi scheme.
  • Restitution may be available for victims, even if scammers don’t have all the money.
  • Potential recovery sources:
    • Insurance companies
    • Vendors
    • Accountants
    • Government programs
• Recovery Process:
  • It may take time and investigation to identify the scammers.
  • Victims must remain diligent and avoid falling for additional scams.
  • Beware of fake recovery companies promising to retrieve lost funds for a fee; this is another scam.
• Real Recovery Options:
  • The only legitimate way to recover funds is through the court system.
  • Key steps in the recovery process:
    • Documenting the scam
    • Identifying the scammers
    • Conducting asset searches
  • A judge or court must authorize any recovery actions; no one else can guarantee returns.
• Encouragement for Victims:
  • Victims should not lose hope; some scammers are brought to justice, and victims can find resolution.
  • Stay informed and vigilant to protect against further scams.

Additional Resources:

• Check out other videos on our channel for more information on related subjects and recovery options.
• Contact us for one-on-one consultations with licensed experts.