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ARTICLE · 20 JULY 2022

New Path For Recovery Of Assets In Cryptocurrency Fraud

Giambrone
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Investment fraud has become the scourge of the modern world with multiple regulators and other agencies pointing to the inextricable rise of financial fraud...

United KingdomTechnology
Giambrone & Partners LLP
Giambrone & Partners LLP
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Investment fraud has become the scourge of the modern world with multiple regulators and other agencies pointing to the inextricable rise of financial fraud, which is now the leading crime in the United Kingdom. Fraudsters are adaptable and agile and quick to recognise a potential vehicle for fraud and therefore cryptocurrency frauds have risen to £146 million ($200 million) in the UK in 2021, according to the City of London Police.

Giambrone & Partners banking and financial fraud litigation lawyers point out that cryptocurrency fraud is a global activity and when the perpetrators of such a fraud are identified a well-managed robust, rapid response is essential. In a sector with scant regulation or accountability, immediate action is imperative.

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