Authorities are sounding the alarm about a high-tech twist on a common con where victims are duped by perpetrators to invest in phony cryptocurrency accounts.
Online predators are targeting anyone with a phone or laptop, and an interest in investing anywhere from a couple hundred dollars, to a whole lot more.
Prosecutors are tackling this with a two pronged approach by educating potential victims and tracking the billions of stolen cryptocurrency. "These scammers move the money too quickly. We don't have enough tracers in law enforcement to get on these cases as soon as we need to," said West. West began hearing from victims last year, including Young. Desperate pleas for help come in daily. West's team helped Young recoup about 8% of his life savings, or about $100,000. Law enforcement believes the best way to disrupt and minimize the scam is to raise awareness.
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