- FBI is seeking to identify the victims of a ponzi scam for further assistance in the investigation
- The agency has published a questionnaire to gather information about the victims
- The case is not the first of its subject, as the privacy feature of cryptos are appealing evil actors with ease of circulation
Maryland, a state of the United States, has revealed that its FBI seeks to identify the victims who have been defrauded by The Smart Partners LLC. The firm started in 2017, promised returns to its users on cryptocurrency and other investments. However, using the fake promise, Dennis Jali, John Frimpong, and Arley Johnson allegedly stolen $28 million. The three peoples had reportedly posed as pastors and sought investments during hotel and church events, and promised that such funds would help reach financial freedom.
FBI needs assistance for the federal investigation
Maryland’s FBI is now seeking victims that were targeted by the ponzi scam. According to the FBI, the investigation revealed that the scammed funds were used to pay back the earlier investors. It is also known that the scammers who have all been arrested, recruited defendants to invest in the spam by holding promotion events. The scammers grabbed the fund using wire transfers, cheques, and cash. However, the FBI, considering the behaviour as “consistent with a Ponzi scheme”, now needs assistance from the victims. Indeed, the evil actors were charged back in July 2020, by the FBI. It is also known that back in August 2020, the perpetrators were also accused by the United States Securities and Exchange Commission.
How will the investigation agency find the victims?
The FBI has published a questionnaire for individuals with any information about the case or believe that they might have been affected by the case. In the questionnaire, they have asked if the respondent had invested in spammers LLC or not. Then asks to choose the principal amount of investment, and the mode of how the funds were submitted. They were asking about the cash transaction details, and the total amount owed by the respondent currently. They have also mentioned about the arrested spammers if someone has words with one of them or other than them. Moreover, the questionnaire asks what effect the respondent had on its financial position after getting victimized in such an event.
The ponzi scam is not the first case of its category
Observing the history, it is found that the scam wasn’t the first of its category, as several other investment firms have also fraudulently promised returns on digital currencies. For example, back in June 2020, the US SEC and the FBI shut down a Pennsylvania-based investment fund, in which the scammers used the crypto proceeds for personal gains. On the other hand, recently, the SEC charged an Australia-based investment firm’s operators with fraud. However, the privacy feature of cryptos is helping the scammers with ease of circulation.