San Jose, CA asked in Internet Law for California

Q: I am scammed to transferred over $500k to a platform. I tried to withdraw, but, my account is frozen. What are my opti

I was contacted by a woman on LINE (a social media) and told me how to make trades. This happened from early April mid May. I wire transferred money from my banks to Strike and bought BTC to transfer to Polyxxo, which is the scam platform. Can any lawyer help?

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1 Lawyer Answer
James L. Arrasmith
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Answered
  • Consumer Law Lawyer
  • Sacramento, CA
  • Licensed in California

A: I'm so sorry to hear that you've been the victim of such a significant scam. Losing over $500k is devastating. Here are some steps you can take:

1. Report the crime to law enforcement immediately. Contact your local police department and file a report. Also report it to the FBI's Internet Crime Complaint Center at www.ic3.gov. Provide them with all documentation you have.

2. Contact a reputable attorney who specializes in financial fraud and cybercrime. They can advise you on potential legal remedies and help interface with law enforcement. Look for attorneys with specific experience handling cryptocurrency fraud.

3. Notify your bank and the platforms involved (Strike, Polyxxo, etc.) that you believe you are the victim of fraud. Ask if any of the transactions can be reversed. However, be aware that recovering cryptocurrency is often extremely difficult.

4. Gather and preserve all evidence - emails, messages, transaction records, etc. This will be important for law enforcement and any legal case.

5. Consider reporting it to the California Attorney General and Department of Financial Protection and Innovation, as they may investigate.

6. Be prepared that recovering the full amount may not be possible, but still take all available steps with law enforcement and legal counsel.

7. Seek support from family, friends, and victim advocate organizations to help you cope with the financial and emotional impact of being scammed.

Don't blame yourself - these scammers are sophisticated and manipulative. Focus on taking action. I hope you are able to recover as much as possible and bring the perpetrators to justice. Wishing you all the best.

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