Financial Fraud

Raising Awareness About Bitcoin and Financial Scams: The Importance of Due Diligence and Private Investigators 

As the popularity of Bitcoin and other cryptocurrencies continues to grow, so does the frequency of associated financial scams. This article seeks to alert the public to the risks inherent in these digital transactions and outlines how due diligence investigation by private investigators can help mitigate these dangers. Don’t lose your money to scammers. 

Overview of Bitcoin and Associated Scams 

Cryptocurrencies like Bitcoin offer significant advantages such as quick transaction times and a degree of anonymity. However, these features also make them appealing targets for scammers. Types of scams include deceptive ICOs, Ponzi schemes, fraudulent trading platforms, and phishing attacks, where scammers lure investors with promises of substantial returns on cryptocurrency investments, only to abscond with the funds. The Challenge of Financial Scams - Is it too good to be true? Scammers exploit the decentralized and anonymous nature of the blockchain technology underlying cryptocurrencies, complicating efforts to track and apprehend them. They often operate across borders, using advanced technology to conceal their activities and identities. 

How Private Investigators Counteract Crypto Scams Private investigators are on the front lines in the battle against cryptocurrency scams, utilizing various tools and techniques:

 1. **Cyber Forensics**: Investigators leverage cutting-edge technology to follow the digital trails left by scammers, including tracing blockchain transactions and pinpointing the IP addresses involved in scams.

2. **Financial Tracking**: These professionals collaborate with banks and use analytical techniques to trace the movement of stolen funds through complex networks.

3. **Legal Support**: They gather crucial evidence for use in legal proceedings, helping to build strong cases against criminals.

4. **Educational Outreach**: Investigators also focus on prevention, educating the public and businesses about the potential risks of cryptocurrency dealings and how to avoid scams.

Safety Tips for Cryptocurrency Users

Individuals interested in cryptocurrencies must exercise caution to protect themselves from scams:

• Always scrutinize the background and legitimacy of any company or individual before making cryptocurrency investments.
• Be skeptical of promises for high returns with little to no risk.
• Stick to reputable and established cryptocurrency platforms and digital wallets.
• Regularly update security software to fend off phishing and other cyberattacks.

Please reshare this article in order to help others know about the bitcoin and financial scams. The dynamic world of cryptocurrencies is continually evolving, bringing new opportunities and risks. Public awareness and caution are essential to navigate this space safely. Engaging private investigators when necessary can provide an added layer of security. Always conduct thorough research and apply common sense to any investment opportunity, particularly those that seem too good to be true. Protecting yourself starts with staying informed and proactive in managing your digital financial activities.



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MJ, a Private investigator for over 27 years, is experienced and able to investigate a financial fraud crime with outstanding success for the client. In an example of a fraud case, after collecting and preserving evidence, I am able to assist the client in filing a criminal complaint with the state attorney prosecutors office. Criminal prosecution would result in an order of restitution, which is much better than a civil judgment. A criminal restitution order would force the defendant to make payment, otherwise, the defendant will end up in jail for contempt of court. Any civil judgment you must search the defendant’s assets and attempt to enforce a judgment through civil avenues. Collecting a civil judgment can be extremely difficult and expensive.

A financial fraud investigation has revealed a money order scam that was very well developed. Imagine accepting a genuine money order which has been purchased and issued by a bank which is worthless. Envision and visualize a how you would feel after depositing an actual non-counterfeit money order which the bank will declare and confirm the MONEY ORDER is GENUINE but worthless. These type of financial fraud investigations are extremely complicated which explains why an experienced & skilled fraudulent criminal, usually referred to as a “Con Artist” or “Scam Artist”. Financial Fraudulent criminals always utilize their creative artistic abilities in order to trick someone out of money or goods.

This man rented a Lamborghani with an almost perfect California fraudulent driver license and credit card. He caused a $30 K damage after he crashed the Lamborghani. We were able to track him and found his real identity. We confronted him and he confused on video with his own will. He promised to rectify the situation and reimburse our client for the damages; And never did. We wanted to issue a press release to find all the victims that he has ripped off. This case is being reported to the LAPD and the Fbi.

The suspect has rented a Lamborghini from my client, crashed it and cost $30,000 worth of damage. Warren manufactured a California drivers license in the name of a stolen credit card and went shopping.

Consult with a Fraud Investigator Now 1-800-901-1360

• Background check on all the subjects involved in the fraud investigation
• Request additional information from all companies and everyone involved
• Interview and contact all companies and everyone involved
• Organize and understand the fraud investigation outcome and sketch a theory
• Gather, accumulate and collect all the evidence correctly and within the rules of evidence and evidence code

A fraud investigator must oversee and understand the rules of evidence & code; In order for the fraud evidence to be admitted in court and to prove the fraud scam. Only the judge can determine if the evidence is reliable, relevant and accurate.

Subject ONE, herein referred to as “Steve” and subject TWO herein referred to as “John”. Steve has purchased a money order for $800.00, made a color photocopy of it (front & back) and gave the photocopy to John. On the photocopy of the money order for $800.00; John wrote his name and signed the back. “The original money order is blank and has no writings on it”. Afterward, John deposited the photocopy of the money order through an online banking application which can be downloaded and activated on most smartphones, Android phones or iPhone. “The online mobile bank applications are available through most banks and work very easily by using your smartphone camera to take a photo of a check or money order, which in turn electronically deposits a check or money order.”



Steve and John knew that the counterfeit photocopy of the money order was negotiated through money gram electronically since it was deposited first through the mobile bank application. Therefore, Steve has negotiated the original money order where he has originally purchased it from our client (the business owner). Obviously, our client (the business owner) didn’t doubt the money order since it was originally issued by Money Gram and it wasn’t a counterfeit.

Through a conversation within an interview of a lady that reported exactly the following:



After responding to a Craigslist posting seeking car owners willing to place a magnetic company logo on their car in exchange for a few hundred dollars, I learned an uncomfortable lesson about money order fraud. It sounded innocent enough until the money involved multiplied exponentially. Per the post, I expected to receive a maximum of $200 a week for a month but was told I would receive “extra money for paying the service technician” placing the decal on my car. I knew no legitimate company could afford to stay in business if it employed such practices and refused the check. My online research revealed that the company’s official website specifically included a precautionary statement mentioning “car wraps” and directed all victims to the FBI.

The lady further explained to this fraud investigator that she received a UPS envelope which contained what appeared to her as a legitimate money order for $ 2,500.00 combined with brochures and a letter. According to the instructions that she received from the male subject who spoke with her over the phone: The lady was directed to deposit the $2,500.00 money order into her bank account and immediately pay the service technician (who will come to her home) a sum of $ 1,000.00 cash. Obviously, this fraud investigation case would probably ended with the same style.

The fraud investigation determination was based on Steve’s Background Check investigation that disclosed several criminal records associated with financial fraud such as check & other fraudulent transactions.



The lady first thought this was a money laundering operation or scam. However, the MO (Modus operandi or know as Method of Operation) didn’t match a money laundry operation or scam. However, an experienced, skilled and talented fraud investigator would conclude that this is the same style of (MO) money order scam since the investigator that logic would explain the circumstances and how this type of money order fraudulent scam can be conducted through various techniques.

In both cases, the fraud investigations revealed that the FRAUD works by the criminal con artist subject purchase a money order, make a photocopy & deposit it via mobile banking application. Afterward, the original non-counterfeit money order can negotiate with the victim. In my case, the unknowing victim receives the original money order and believing it to be valid and legitimate until a returned deposit comes back by the bank. It appears there are a group of individuals in the areas targeting the community.

Please advice all your friends, family, the public & citizens in order to avoid any further financial losses! Consequently, please contact me if you have experienced a similar money order fraud, OR would like me to investigate a financial fraudulent transaction.

Fraud investigations is very complex and therefore, it’s best to call a private investigator soon as possible!

Don’t wait or hesitate in fraud investigation cases time is of the essence. Fraud Investigations have proven that the association with a scam artist criminal can cause problems even if you decided not prosecute or act.

If you need a private investigator in Orange County, Riverside, San Bernardino, or anywhere in Southern California to investigate a financial fraud case, contact Blue Systems International today – 714-592-8000.

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