Person Linked To Scam Asks FBI for His Seized Cryptocurrency Back

A person linked to a scam that tricked an elderly victim into transferring more than $100,000 formally requested the FBI give back his seized cryptocurrency, claiming in a petition to the agency that he is a part-time crypto investor and not doing anything illegal, according to a recently filed court record. From a report: 404 Media also reached the person by email and they largely repeated the same story. The request is an unusual sight, and, to be frank, probably not going to work. In the court record, authorities allege that the frozen funds are linked to a scam of a victim in the U.S. The document says authorities seized just under 18,500 Tether, valued at around $18,500, in July with a federal search warrant.

'Hello Sir/Ma'am, My name is Vishal Gautam,' the request starts. 'The funds which you have on hold that is a very big amount of money for me and my family, I request you to please release it from your custody. Thank You & Regards.' The message says that Gautam lives in India and as well as investing in cryptocurrency, he is a 'full-time Health Insurance' worker. 'In the month of July 2023 suddenly my crypto from Binance got disappeared, I don't know how it happened but then I got to know that the FBI has put hold on my assets,' the message continues. 'I am not into something illegal and never will be, I will not do any such thing that can harm your country or your people in any manner.' U.S. authorities, meanwhile, allege that the seized cash is connected to a fraud scheme that targeted a senior citizen in Knoxville, Iowa. In February, this victim opened an email on her iPad that claimed it had been compromised, and that she needed to contact the sender for assistance, according to the court record.

Read more of this story at Slashdot.