Cryptocurrency fraud is a new and evolving multi-billion-dollar criminal enterprise, but there are emerging legal strategies for countering the crimes of crypto scammers in court.
When crypto is stolen, the method of theft – pig butchering, romance scams, repair scams, job offer scams or whatever it is – dictates the way a lawyer approaches any attempt at recovery.
If you are cryptocurrency scam victim seeking justice and restitution, take these foundational steps toward recovering your stolen crypto in a court of law:
Step One: Hiring a Lawyer Who Knows the Right Investigators
Tracing and freezing stolen crypto assets make recovering your money in court possible, which requires the knowledge and experience of skilled financial crime investigators.
The best financial crime investigators in the industry are former military or intelligence officers, so hire a lawyer with these connections.
Investigators know what they are doing, and they know where to look for the crypto you have lost.
If they cannot find it, they will tell your lawyer, and your lawyer will tell you. If they can identify your lost crypto, you will move to the next stage of potential recovery.
In college, Geoff Berg volunteered for ROTC, becoming the first student at NYU since the 1960s to do so. Berg PC has partnered with a consortium of digital investigators, including those with backgrounds in three-letter US government agencies.
Step Two: Filing the Right Kind of Lawsuit
When attempting to recover stolen crypto, speed is critical. Victims are often without the assets necessary to live or avoid bankruptcy, and crypto is easily moved, which can make it more difficult to track over time.
Though impatience in these situations is understandable and may even be necessary depending on a victim’s financial situation, it is more important to complete a thorough investigation of your case before stepping into a courtroom with your lawyer.
The relief you are requesting from a judge is not something they see every day. Most judges and juries will have little to no knowledge of cryptocurrency.
It is critical that your lawyer be able to anticipate and honestly, directly, and knowledgeably answer a judge’s questions before making any request of any court.
If your lawyer lacks the knowledge, expertise, and credibility to answer the judge’s questions about cryptocurrency in general and your case in particular, the judge is not going to be comfortable awarding the relief you seek.
Step Three: Be Patient
If you have made it to court and filed a suit, you will want your crypto back the next day, but that is not how the legal system works.
Procedures must be followed and rules obeyed before any final relief is granted. In some cases, you will need to produce documents, give testimony, and even have a trial.
When all is said and done, it is possible to recover stolen cryptocurrency.
Contact a Cryptocurrency Recovery Lawyer in Houston, Texas
Berg PC is committed to fighting cryptocurrency fraud and further developing legal strategies to make the recovery of stolen money possible.
Geoff Berg and our cryptocurrency recovery lawyers will do everything they can to reclaim what is rightfully yours.
If you wish to learn about our developing crypto recovery results and strategies, please visit the dedicated Cryptocurrency Fraud & Recovery page of our website.
Disclaimer: The information provided in this article and on this blog is for general educational and informational purposes only. It is not legal advice and should not be relied upon as a substitute for consultation with a licensed attorney regarding your specific situation.