Fund recovery
According to the 2023 Internet Crime Report released by the FBI's Internet Crime Complaint Center (IC3), losses incurred by U.S. citizens due to cybercrime increased by 22% compared to 2022, reaching a record $12.5 billion. Cybercrime and fraud cases targeting U.S. citizens have risen year after year, reaching an urgent level that demands our attention.
With the popularity of the internet and smart devices, more and more individuals rely on online services for daily transactions and communication. However, cybersecurity technology and personal awareness of cyber fraud prevention have not kept pace. This creates opportunities for fraudsters, especially for users who are not familiar with technology. Economic downturns or personal financial difficulties also make some people more likely to believe in promises of quick wealth, leading to a lack of vigilance when facing cyber fraud.
The rise of cryptocurrency has also fueled the growth of cyber fraud. The anonymity and decentralization offered by cryptocurrencies provide a wider array of financial options while simultaneously challenging traditional regulatory frameworks, thereby facilitating fraud.
In addition, cyber fraud often involves transnational criminal gangs that exploit the differences in legal systems and the challenges of law enforcement across various countries to evade legal sanctions, making it more difficult to combat these crimes. In the hundreds of cyber fraud cases we have investigated involving U.S. citizens, most of the masterminds are hiding in countries that do not have extradition agreements with the United States, which hampers U.S. law enforcement agencies' ability to effectively control the spread of cyber fraud.
As Martin Luther King Jr. stated, “Injustice anywhere is a threat to justice everywhere.” Given the significant imbalances in the legal development processes across countries, the U.S. faces challenges in addressing cyber fraud in isolation.
In light of these challenges, our firm, which places a strong emphasis on social responsibility, has been actively working to recover funds for victims of cyber fraud since 2017. Recognizing that many victims are often in dire financial situations, we are committed to charging a lower contingency fee when handling cyber fraud cases, striving to assist our clients as much as possible.
Our faith and sense of justice compel us to take a stand against evil.
The following factors make it difficult to recover the funds defrauded from victims:
1.Delayed Action by Victims: Many victims do not seek help promptly. They may not realize they have been scammed in time, or they may react negatively when they do, causing them to miss the crucial opportunity to recover their funds. As time passes, the likelihood of recovery diminishes.
2.Rapid Transfer of Funds: Based on our experience investigating hundreds of online fraud cases, funds defrauded from American citizens are quickly transferred abroad by fraudsters. Once this occurs, the criminals typically begin laundering the money as swiftly as possible. Due to the differing legal systems and financial regulatory policies of various countries, it becomes difficult for law enforcement to intercept and recover the stolen funds in a timely manner. Once the fraudsters launder and conceal the money, the chances of recovery for victims are virtually eliminated.
3.Ineffective Assistance from Authorities: Victims seeking to recover their funds often do not receive effective help, which leads to wasted time. Most victims will contact the police, the FBI, or the SEC after the incident, but they may experience no progress for several months. While we appreciate the efforts of law enforcement and regulatory agencies, they face numerous priorities and often cannot focus on the individual needs of victims. This is why victims need a lawyer. A lawyer is not concerned with the whereabouts of the criminals; rather, they focus on how much money their clients can recover.
Excellent Investigation Department and Long-Term Cooperation with Independent Investigation Agencies.
Our law firm has an excellent investigation department responsible for the preliminary investigation of cases, and it has established long-term partnerships with various independent investigation agencies worldwide. Under the initiative of our firm, we created an intelligence-sharing platform to combat transnational cybercrime, as well as a database covering hundreds of still-active online fraud gangs, which aids in the comparison of new cases and the background investigation of these gangs.
Cooperation with Financial Regulatory Authorities in Anti-Money Laundering and Combating Cybercrime.
In the process of recovering defrauded funds for our clients, the firm has established partnerships with financial regulatory authorities and law enforcement agencies across many countries. The evidence we provide has assisted them in cracking numerous money laundering and cyber fraud cases, thus establishing stable cooperative relationships. We receive support from these authorities when investigating the flow of defrauded funds.
Rich Experience in International Litigation and Arbitration.
Our law firm has accumulated extensive experience in international litigation and arbitration through long-term legal practice, and we are familiar with the various legal systems and financial regulatory policies in different countries. After more than ten years of handling international cases, we have built an exceptional team of lawyers. This expertise is our greatest strength in recovering defrauded funds and claiming compensation for victims.
If you find yourself in a scam, please take the following steps immediately:
1.Save all important evidence, such as transfer records with the scammers, chat logs, investment platform websites, screenshots of asset balances that cannot be withdrawn, and the scammers' contact information.
2.Cease all contact with the scammers and any individuals related to the scam, from the beginning of the scam until now, to avoid further deception and additional losses.
3.Seek assistance from a professional legal team and provide the gathered evidence to ensure that an investigation can be initiated as quickly as possible.Your lawyer will manage all legal matters throughout the case.
