Stolen crypto recovered in Cobb County fraud scheme

Stolen crypto recovered in Cobb County fraud scheme

COBB COUNTY, Ga. – State cybercrime investigators seized and returned stolen cryptocurrency to a victim of an investment scam in Cobb County.  Georgia Attorney General Chris Carr announced Aug. 25 that the White Collar and Cyber Crime Unit seized and returned cryptocurrency to a victim of an investment scam in Cobb County. A scammer contacted the victim on social media, claiming to share mutual acquaintances.  The fraudster eventually introduced the victim to an investment opportunity on a fake crypto trading platform. The platform displayed fake returns and allowed a modest withdrawal, building trust.  After the victim deposited hundreds of thousands of dollars, the platform indicated all funds were lost, and the perpetrator claimed the investment had vanished. The Georgia Bureau of Investigation, working alongside Operation Shamrock, traced a significant portion of the victim’s money to a crypto exchange.  Carr’s White Collar and Cyber Crime Unit and the Investigations Section secured a court order to return the stolen cryptocurrency. A week prior, Carr announced the seizure and return of cryptocurrency to elderly fraud victims in Oconee County.  Those victims were targeted through a fake bank-breach alert and tricked into depositing money into a cryptocurrency kiosk by a scammer impersonating the Federal Trade Commission. Authorities have not named the victim or the perpetrator involved in the scam. Officials have not disclosed the exact monetary value of the…

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