Argentieri of the Justice Department’s Criminal Division. The truth is that these international criminal actors are simply stealing cryptocurrency and leaving victims with nothing,” said Acting Assistant Attorney General Nicole M.
These scammers prey on ordinary investors by creating websites that tell victims their investments are working to make them money. “Through this significant seizure, we disrupted the financial infrastructure of an organized network of scammers who stole millions from victims across the United States.
These seized funds were traced to cryptocurrency addresses allegedly associated with an organization that exploited over 70 victims through romance scams and cryptocurrency confidence scams, which are widely known as “pig butchering.” The Justice Department announced today the seizure of nearly $9 million worth of Tether, a cryptocurrency pegged to the U.S.
