32 subscribers
Gå frakoblet med Player FM -appen!
The Victim Experience: When Romance Leads to a Crypto Scam
Manage episode 442991294 series 2309258
The number of highly sophisticated crypto scams is growing, with Americans losing an estimated $5.6 billion to crypto-related scams in 2023, according to the FBI, a 45 percent jump from the prior year. And often crypto fraud is tied in with romance scams, with criminals targeting victims through texts, dating sites, social media, networking channels or other apps. While we all like to think we would be immune to such scams, research has shown time and again that everyone is vulnerable, even the most highly educated among us.
On this episode, we hear the firsthand accounts of Jules and Brian, two victims of romance crypto scams, who recently spoke at a FINRA Foundation conference on disrupting the cycle of financial fraud. They sat down with Kim Casci-Palangio, program manager of the Cybercrime Support Network (CSN), to share their experiences, the financial, mental and emotional toll they took, and their efforts to recover from their loss. This audio was edited to remove personally identifying information about our victims.
Resources mentioned in this episode:
FBI Internet Crime Complaint Center (IC3)
Non-Traditional Costs of Financial Fraud
Investor Alert: Relationship Investment Scams
‘Pig Butchering’ Scams: What They Are and How to Avoid Them
55 episoder
Manage episode 442991294 series 2309258
The number of highly sophisticated crypto scams is growing, with Americans losing an estimated $5.6 billion to crypto-related scams in 2023, according to the FBI, a 45 percent jump from the prior year. And often crypto fraud is tied in with romance scams, with criminals targeting victims through texts, dating sites, social media, networking channels or other apps. While we all like to think we would be immune to such scams, research has shown time and again that everyone is vulnerable, even the most highly educated among us.
On this episode, we hear the firsthand accounts of Jules and Brian, two victims of romance crypto scams, who recently spoke at a FINRA Foundation conference on disrupting the cycle of financial fraud. They sat down with Kim Casci-Palangio, program manager of the Cybercrime Support Network (CSN), to share their experiences, the financial, mental and emotional toll they took, and their efforts to recover from their loss. This audio was edited to remove personally identifying information about our victims.
Resources mentioned in this episode:
FBI Internet Crime Complaint Center (IC3)
Non-Traditional Costs of Financial Fraud
Investor Alert: Relationship Investment Scams
‘Pig Butchering’ Scams: What They Are and How to Avoid Them
55 episoder
Alle episoder
×1 Unpacking the 2025 FINRA Annual Regulatory Oversight Report 24:59
1 Investing Wisely in 2025: Avoiding Scams and Achieving Your Financial Goals 15:16
1 Unlocking Transparency: Navigating FINRA’s Market Data Offerings 23:45
1 Encore | An Introduction to FINRA’s Crypto Asset Work and the Crypto Hub 32:07
1 Special Investigations Unit: Combating Money Laundering and Fraud in the Securities Industry 30:16
1 The Forgotten Generation: Shining a Spotlight on Gen X’s Financial Health 34:14
1 The Latest Research: Why Do Targets Engage with Scams? 34:50
1 The Victim Experience: When Romance Leads to a Crypto Scam 27:00
1 Disrupting the Cycle of Financial Fraud Through Collaboration and Innovation 19:31
1 FINRA’s Examination Program: Optimizing for the Future 35:31
1 FINRA’s Membership Application Program: Safeguarding the Integrity of the Markets 22:35
1 An Update on FINRA’s Crypto Asset Work and the Crypto Hub 20:11
1 Financial Intelligence Unit: Connecting the Industry with Actionable Information 23:40
1 Finfluencers: New Marketing Strategies Meet Existing Compliance Obligations 22:19
1 Amendments to FINRA Rule 4210: Covered Agency Transactions 28:00
Velkommen til Player FM!
Player FM scanner netter for høykvalitets podcaster som du kan nyte nå. Det er den beste podcastappen og fungerer på Android, iPhone og internett. Registrer deg for å synkronisere abonnement på flere enheter.