Crypto crime (financing terror, money laundering, fraud, ponzi, etc.)
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US DOJ considers fairer repayment standards for crypto fraud victims
The US Department of Justice (DOJ) wants to review the repayment process for digital assets investors who lose money to fraud and other criminal activities. An April 7 memo from the DOJ acknowledged that these investors are not getting the full value of their digital assets.According to the memo by the Deputy Attorney General (DAG), several crypto firms entered bankruptcy in 2022, causing investors losses. The memo noted that losses in some cases were due to fraud and theft, and the DOJ recovered the proceeds of this criminal activity, including digital assets, through forfeitures.
However, it observed that the increase in the value of digital assets over the period was not reflected in the repayment to the victims, because regulations that require the return of forfeited assets to victims should be at their fair value at the time of the fraud. It said:
More:
https://www.msn.com/en-us/money/sav...S&cvid=62c718eaadff46fd8d90070d31352691&ei=17