The Ministry of Justice recovers $ 7 million in encryption investment contents

The US Department of Justice has regained $ 7 million in a global investment fraud. According to the authorities, fraud revenue was recovered using the confiscation of civil assets, as the Ministry of Justice announced plans to return money to its legal owners.

according to Documents Criminals were produced in court, and they used social engineering plans to persuade their victims to invest in digital assets using fake investment sites. These websites were Mahza, meaning that they simulate the original websites of exchange and large encrypted entities.

The way they worked was the temptation of their victims first, persuading them after speaking for a long time to gain their confidence, and present them to the fake web site they manage.

According to the authorities, the perpetrators have transferred money through more than 75 bank accounts, using the names of many shell companies. The deposit showed that after the victims make their investments, the site falsely represents that their investments are well fulfilled and gained gains.

The Ministry of Justice is recovered and $ 7 million in investment contents

According to the file, victims were not allowed to conduct withdrawals or make profits from investments. At any time they try, the perpetrators will persuade them to make more deposits, pointing to several reasons, with taxes on their alleged profits, the most used excuse. The criminals laundered most of the money from their operations, and they often take the money outside the United States.

After the perpetrators get the victim’s money, they transfer it to the Shall company’s account before being transferred through many banks in the United States. After a chain of internal transfers, the money is sent out to specific bank accounts that control it. According to the authorities, the group describes the instructions of the transport -related wires as local wires, while the money is actually transferred outside the country.

In its statement, the Ministry of Justice stated that it would start inviting the victims who were affected to provide petitions to return their money. The Ministry of Justice said: “The United States will now start inviting the victims from whom these funds were stolen to provide petitions to return the money to them,” said the Ministry of Justice.

Lost and road procedures forward

According to the report of the Ministry of Justice, the Secret Service, in June 2023, seized some fraud revenue from a bank account managed by a foreign bank. The documents, which were canceled in the Federal Court at that time, revealed that the secret service has carried out many orders to seize money from the American Bank’s accounts amid their investigations into “international criminal money laundering decorations that work to invest the cryptocurrency and other wire fraud.” The seizures were declared on June 12 and 23.

According to the secret service, he has received permission to confiscate up to $ 58 million from the guard account that was opened with Mitsubishi UFJ TRUST in New York by Deltec on behalf of its companies from companies. The total amount of money that was eventually seized remains unclear.

After Nubia, the United States began a civil confiscation against the seizure funds, and to file a public complaint of civil confiscation in the local United States court. After the deposit, the United States then sent a notice of confiscation procedures to each person and the entity with interest in money, noting that it gave notifications through online publications, allowing potential demands the opportunity to go into a confiscation procedure in court.

The bank that owns the account submitted a claim and reached both parties to the settlement number. “In the wake of a request from the bank that owns the account from which the money was seized, the United States has reached a settlement in which $ 7 million of the funds seized to the United States were confiscated, which allowed the victims to recover from their losses,” the Ministry of Justice said.

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