How do I report a crypto scam to the federal government?
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How do I report a crypto scam to the federal government?
I'm so sorry about that! Are you trying to exercise the shares that you own?
Yeah, I am trying to get my money back from a trading firm I gave it to.
I believe they are US-based.
They have dragged their feet for months and I’m starting to think this is a scam. I told them I’m going to report them.
They told me to go ahead. I want to know how I can do that.
They owe me $20,000.
Got it. Have they provided any justification for the delays?
None.
Just delays on their end.
And needing to "move funds around."
But it has been months.
I'm sick of waiting.
I'm so sorry about that—do you know if they are still operating?
I think they are, but now that you bring that up...I'm not sure.
Ok! Did you need to tell me anything else? If not, I can start with answering your question.
No, that’s it.
Ok! I've been working on an answer while we've been chatting, so it'll just be a moment.
I'm so sorry about this situation! I want to address your situation with a detailed response, so if you have any questions, don’t hesitate to ask because this law stuff can get complicated.
So this appears like a scam. Not only does the federal government investigate, but so do state governments. The main reason is legitimate cryptocurrency companies are not going to delay in returning your funds. There is generally no specific deadline for when they must give you the money, but as you can imagine, they would give you the money if they had it or if they wanted to give it to you. These kinds of delays are common and illegal.
I'm so sorry about this situation! I want to address your situation with a detailed response, so if you have any questions, don’t hesitate to ask because this law stuff can get complicated.
So this appears like a scam. Not only does the federal government investigate, but so do state governments. The main reason is legitimate cryptocurrency companies are not going to delay in returning your funds. There is generally no specific deadline for when they must give you the money, but as you can imagine, they would give you the money if they had it or if they wanted to give it to you. These kinds of delays are common and illegal.
You can use this link to find your state attorney general’s office to investigate: https://ballotpedia.org/Attorney_General_(state_executive_office)
Then click on your state. Then go to the bottom; it will show you their contact info.
There are other agencies, too:
- You can contact the International Police (INTERPOL) using this link . https://www.interpol.int/en/Contacts/Contact-INTERPOL Because it is an international company, international police may help.
- You can file a complaint with the Consumer Financial Protection Bureau here - https://www.consumerfinance.gov/about-us/blog/so-how-do-i-submit-a-complaint/
- A complaint with the FTC can be filed starting here - https://consumer.ftc.gov/media/video-0054-how-file-complaint-federal-trade-commission
- A complaint can be filed with the SEC - SEC.gov | Submit a Tip or Complaint
- A complaint with the FBI can be filed starting here -https://www.ic3.gov/Home/ComplaintChoic
Does that help clarify things? I want to make sure I didn’t leave anything out.
Yes, that's perfectly clear and exactly what I was looking for. I will report these guys and hopefully get my money back.
Thank you very much.
For sure! Were there any details I missed? Were there any concerns you still needed to be addressed?
No, you answered my question perfectly. Will leave a good review.
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