The United States seeks to confiscate approximately $1 million in USDT in connection with a pension fraud case
The United States Attorney's Office for the Northern District of Ohio (USAO) has filed a civil confiscation lawsuit against 947883 USDT. According to court documents, this cryptocurrency fraud case occurred in October 2023, when a resident of Elyria, Ohio received a computer pop-up asking him to call to resolve a technical issue. The fraudster claims that the victim's retirement account has been hacked and funds are being transferred to casinos in China, Russia, and Las Vegas. After the fraudster remotely controlled the computer, the victim's $425000 life savings were transferred to multiple cryptocurrency accounts. According to blockchain analysis, law enforcement officers executed a federal seizure order on July 31, 2024, successfully recovering 947883 USDT and transferring them to a virtual currency wallet controlled by law enforcement agencies. USAO filed a confiscation lawsuit on November 26, 2024, and if successful, the funds will be used to compensate the victims. The FBI Cleveland Division is currently actively investigating similar cases and expressing gratitude for Tether's assistance in this case. USAO reminds the public that if fraudulent behavior involving elderly people is discovered, they can call the National Elderly Fraud Hotline 1-833-FRAUD-11 or visit the FBI's IC3 Elderly Fraud Complaint Center to report it.