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Law enforcement absolutely does care about scams via wire transfers, as a search for mail and wire fraud on justice.gov will confirm.
by pcwalton 5y ago
Law enforcement absolutely does care about scams via wire transfers, as a search for mail and wire fraud on justice.gov will confirm.
- Nextgrid 5y agoMy point is that enforcement is very scarce, otherwise all these phone scams (whether credit card, IRS, tech support) the US is constantly being assaulted with would no longer be so endemic. The argument is that crypto allows criminals to get away therefore let's ban crypto. Well, the real world shows that criminals are equally allowed to get away by conventional payment systems. I'm generally not in favour of banning crypto, but at least they'd have a point if the traditional banking system actually prevented financial crime. It clearly doesn't prevent it anywhere near enough. If anything, the complexity of using crypto for the average user means that a traditional payment system scam will yield more than a crypto scam.