FBI Criminal Investigative Division Assistant Director Chad Yarbrough issued the following statement regarding a cryptocurrency seizure that was announced by the U.S. Department of Justice on September 26:

“These types of schemes are devastating, and they’re impacting thousands of Americans every day,” said Assistant Director Chad Yarbrough of the FBI’s Criminal Investigative Division. “The FBI has seen victims lose millions of dollars, take second and third mortgages on their homes, all in the hopes of finding the next big investment opportunity. The seizure of millions of dollars is proof the FBI will stop at nothing to find these fraudsters who insist on taking advantage of the American public. It doesn’t matter where they are, we will leverage all of our resources and work with our partners domestically and internationally to stop them from stealing people’s hard-earned money.”