- Practice: Fraud Protection
- Time: 6 Months
- Recovery Specialist: Leo Larssen
- Geneva, Switzerland
Background
Our client, Sarah Thompson, fell victim to a sophisticated cryptocurrency investment scam. She invested a substantial amount in a purportedly high-return crypto trading platform that turned out to be fraudulent. The scammers used convincing tactics, including fake testimonials and falsified performance reports, to lure investors.
When the platform abruptly shut down and Sarah was unable to withdraw her funds, she realized she had been defrauded. The total amount lost was $150,000, which included both her initial investment and accumulated returns.
Approach
Our legal team took a comprehensive approach to recover the defrauded funds:
- Investigation: We initiated a detailed investigation to trace the flow of the funds. This involved analyzing transaction records, identifying the perpetrators, and uncovering their network.
- Legal Action: We filed a lawsuit against the fraudulent platform and its operators, seeking to recover the $150,000 lost by Sarah. We worked to establish the fraudulent nature of the platform and the deception involved.
- Negotiation and Settlement: Through negotiation, we reached a settlement where the fraudulent operators agreed to return a significant portion of the funds. Our team also worked with financial institutions to freeze and recover the remaining assets.
Result
The case was resolved successfully with Sarah recovering $100,000 of her lost funds. The settlement not only provided partial financial relief but also highlighted the importance of vigilance in crypto investments. Our efforts in this case demonstrated our capability to handle complex fraud recovery cases and achieve favorable outcomes for our clients.
