Recovering Lost or Stolen Crypto in the USA: A Path to Reclaiming Your Investments
Victims of crypto scams often find themselves facing significant financial losses and a confusing legal landscape. This article explores the challenges of recovering lost or stolen crypto in the USA and highlights the success stories of individuals who, with the help of leading crypto recovery firms like Tawny Swift Ltd., have managed to reclaim their investments.
Tawny Swift Ltd.: Expertise in Crypto Recovery
Tawny Swift Ltd. is a leading firm specializing in the recovery of lost or stolen crypto assets. They leverage a combination of advanced investigative techniques, blockchain analysis, and legal expertise to help victims reclaim their investments. Their services include: Identifying the source of the scam: Tawny Swift Ltd. investigates the fraudulent platform or individual responsible for the loss. Tracing stolen funds: Using blockchain analysis, they track the movement of stolen crypto across various exchanges and wallets. Working with law enforcement: They collaborate with law enforcement agencies to build strong cases and facilitate the recovery of assets. Legal Process: They provide legal assistance to victims, guiding them through the complex legal process.
Real-Life Success Stories with Tawny Swift Ltd.
The following are three examples of individuals who successfully recovered stolen cryptocurrency with the assistance of Tawny Swift Ltd.: John (Tennessee): John, a resident of Tennessee, invested $950,000 in a fake crypto investment platform that promised exceptionally high returns. He lost all his investment when the platform vanished without a trace. After contacting Tawny Swift Ltd., their team meticulously traced the flow of his stolen funds, identifying several intermediary wallets and exchanges. Through a combination of sophisticated blockchain analysis and legal action, they were able to recover John's entire investment within six months.
' I was devastated after losing my savings ,' John shared. ' Tawny Swift Ltd. gave me hope and worked tirelessly to recover my funds .' Leo (North Carolina): Leo, from North Carolina, fell victim to a phishing scam, losing $700,000 worth of cryptocurrency. He was lured into a fraudulent website that mimicked a legitimate exchange and unknowingly compromised his private keys. Tawny Swift Ltd. helped Leo identify the perpetrators, trace the stolen funds, and collaborate with law enforcement to freeze the assets. Through their efforts, Leo recovered all his lost investment.
'I initially felt hopeless, ' Leo recounts, ' but Tawny Swift Ltd. reassured me and acted swiftly and efficiently . Their professionalism and commitment were truly remarkable .' Paula (Minnesota): Paula, a resident of Minnesota, lost $400,000 to a Ponzi scheme. She initially invested a smaller amount, but as the platform promised higher returns, she continued to invest more. Tawny Swift Ltd. investigated the complex web of transactions within the Ponzi scheme, identifying the key players and their fraudulent activities. They worked diligently to recover all of Paula's investment.
'I felt betrayed and foolish for falling for this scam ,' Paula explains. ' But Tawny Swift Ltd. restored my faith in the possibility of recovery, and I'm deeply appreciative of their hard work. '
Conclusion: Hope for Victims of Crypto Scams
The stories of John, Leo, and Paula highlight the effectiveness of specialized crypto recovery firms in reclaiming lost or stolen cryptocurrency. While recovering funds is not guaranteed, engaging a reputable crypto recovery firm like Tawny Swift Ltd. significantly increases the chances of success. If you have fallen victim to a crypto investment scam, seeking professional assistance is crucial. Don't lose hope; there are resources available to help you navigate this challenging situation and potentially reclaim your investments. Remember to always exercise caution and due diligence before investing in any cryptocurrency platform.
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19 hours ago
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House witness flips script on Dem who ambushed him during hearing with unearthed tweet: 'Iceberg is ahead'
FIRST ON FOX: A House committee witness who was called out by Democratic Rep. Robert Garcia of California during a hearing this week is pushing back after the congressman unearthed a past social media post on Social Security in an attempt to discredit his testimony. During a House oversight DOGE subcommittee hearing on Wednesday, Garcia grilled Power the Future CEO Dan Turner while holding up a posterboard of a past tweet calling Social Security a "government-sponsored Ponzi scheme." "Madoff went to jail for it. Congress runs on it," the post said. "I should be able to keep 100% of my money and not watch government waste it with a paltry percentage return." Garcia then suggested that post was evidence that Turner lacks the credibility to be testifying about the billions of federal tax dollars directed to left-wing NGOs. Social Security Commissioner Breaks Down Plan To Save Agency From Insolvency "A Ponzi scheme and so I think it's interesting, of course, as one of our Republican witnesses is calling Social Security a Ponzi scheme, and that's the person that we should be taking advice from here today," Garcia said. Read On The Fox News App "Without Social Security, 22 million people would be pushed into poverty. That includes over 16 million seniors and nearly 1 million children. And in fact, Elon Musk has also said and agreed with you, sir, that this is a Ponzi scheme. I think it's ironic that you are one of our witnesses talking about efficiency when you want to attack the single best program that we have to support people not just out of poverty, but across this country to uplift them, to ensure they can afford a decent life." Fox News Digital spoke to Turner, who stood by his post and outlined his belief, echoed by many, that Social Security is structured like a Ponzi scheme by definition. Sen Elizabeth Warren: Social Security Is Under Attack. Gutting It Is A Broken Promise "Rep Garcia does not know the definition of Ponzi scheme," Turner said. "Social Security is the ultimate Ponzi, demanding more and more people at the bottom pay in to fund the people at the top, expect our demographics have this now reversed. The system will default. Mr. Garcia nor I will likely never see a dime. That should worry him more than my social media feed." Turner told Fox News Digital that if Garcia's staff were to spend as much time trying to save Social Security as it did "combing through my social media" then "perhaps the Ponzi scheme can survive long enough for me to get a small percentage of what the government confiscated during my lifetime." Turner explained that his father had received a "paltry percentage" of what he paid into the program and the the government "kept the rest" when his father died. "That's not just a Ponzi scheme, it's government greed and politicians running a money-laundering operation to get reelected. No one should be compelled to pay into a failed system, yet in a free America, you don't have that choice." In addition to Turner and Elon Musk suggesting that Social Security is by definition set up like a Ponzi scheme, Fox News Digital previously spoke to James Agresti, president of the nonprofit research institute Just Facts, who said the characterization has "validity." 'Failure's Not An Option': Trump Budget Bill Will Be 'Big' Help For Seniors, Top House Tax-writer Says "A Ponzi scheme operates by taking money from new investors to pay current investors," Agresti said. "That's the definition given by the SEC, and contrary to popular belief, that's exactly how Social Security operates." Agresti explained to Fox News Digital that Social Security, a program mired for decades with concerns about waste, fraud, and improper payments, "doesn't take our money and save it for us, as many people believe, and then give it to us when we're older" like many Americans might believe. "What it does is, it transfers money when we are young and working and paying into Social Security taxes," Agresti said. "That money, the vast bulk of it, goes immediately out the door to people who are currently receiving benefits. Now, there is a trust fund, but in 90 years of operation, that trust fund currently has enough money to fund two years of program operations." The trust fund only being able to last for two years is not a result of the fund being "looted," Agresti explained, but rather it was put in place to "put surpluses in it" from money that Social Security collects in taxes that it doesn't pay out immediately and pays interest on. "The interest that's been paid on that has been higher than the rate of inflation," Agresti said. "So, the problem isn't that the trust fund has been looted. The problem is that Social Security operates like a Ponzi scheme." Democrats have vocally pushed back against efforts by Republicans and DOGE to reform Social Security or make cuts to what they say are examples of wasteful or improper spending from the department. "There's been a lot of misinformation about that as of late," Agresti told Fox News Digital. "You know, when DOGE came in and suggested that the Social Security Administration cut, I think it was about 10,000 workers, Democrats erupted that this is going to weaken Social Security. But the fact of the matter is that Social Security pays those workers who are for administrative overhead from the Social Security trust fund. So, by cutting out the money that they're paying them, you actually strengthen the program financially." Agresti told Fox News Digital that the current administrative overhead for Social Security is $6.7 billion per year, which is enough to pay more than 300,000 retirees the average old-age benefit. "Every single study shows social security going completely bankrupt in the next few years. Garcia and other democrats know the iceberg is ahead but rather than turn the ship, they are yelling at the iceberg about the senior citizens onboard," Turner said. "This Ponzi scheme is collapsing fast, and turning my tweets into posters is not going to stop it."Original article source: House witness flips script on Dem who ambushed him during hearing with unearthed tweet: 'Iceberg is ahead'
Yahoo
a day ago
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Failed Muni Bond Draws FBI and Sparks `Ponzi-Like Fraud' Claims
(Bloomberg) -- Before the lawsuits started piling up in courtrooms across Connecticut, before his employer accused him of running a 'massive Ponzi-like fraud,' and before the FBI showed up, Robert Cappelletti looked well on his way to pulling off one of the greatest muni-bond coups of all time. Next Stop: Rancho Cucamonga! Where Public Transit Systems Are Bouncing Back Around the World ICE Moves to DNA-Test Families Targeted for Deportation with New Contract US Housing Agency Vulnerable to Fraud After DOGE Cuts, Documents Warn Trump Said He Fired the National Portrait Gallery Director. She's Still There. The plan Cappelletti had put together was so audacious it bordered on the fantastical. The housing agency he ran in Groton, a sleepy town of some 40,000 people along Connecticut's Thames River, would sell $750 million of bonds to jumpstart a $4 billion project to transform a bunch of run-down shopping plazas into a sprawling, up-scale development. There'd be a new train station, a hospital, almost 2,000 apartments and dozens of shops and restaurants. It would have been the biggest local bond issue in the state's history and expanded the tiny Groton agency far beyond its role managing two apartment complexes. And yet Cappelletti — a part-time employee with a mixed record running other housing agencies in the state — breezed through a series of crucial steps needed to complete the sale. He got approval from the five-person board that runs the agency; crafted a brief financial projections statement; scored an investment-grade bond rating; and started the process of lining up buyers for the debt. It was only when the bond sale collapsed this winter and Cappelletti was removed from office that the complex financial web that he had spun across Connecticut for years came to light. Cappelletti engaged in double-dealing, created shell companies and failed to disclose loans he took out, leaving, in the process, a trail of financial wreckage across the state, lawyers for the Groton agency alleged in the most high-profile case against him. In February, they sued Cappelletti for fraud, claiming he borrowed at least $3 million without the commission's knowledge through subsidiaries he controlled. In subsequent court documents, the authority alleged Cappelletti also took 'millions of dollars' from non-commercial lenders and other 'questionable entities' that were then transferred to others, including businesses owned by his brother, David, that received about $1 million. The housing authority's attorneys are working with the FBI, which is investigating, according to people familiar with the matter who asked not to be identified discussing internal matters. 'Everybody is disgusted,' said Ric Silver, who lives in an apartment in Pequot Village, a 104-unit complex managed by the authority. Cappelletti declined to comment through his attorney, Joseph Martini, who also declined to comment. Cappelletti's brother, David, who was named as a co-defendant in the suit last month, also declined to comment. On June 2, in court papers filed in connection with the Groton case, Ivan Ladd-Smith, another lawyer for Cappelletti, said he intends to deny the allegations. A press official for the FBI declined to comment. Robert Frink, the chair of the Groton Housing Authority, said the board has opened an investigation but is 'unable to go into greater detail at this time.' That Cappelletti drew so little scrutiny as he pushed ahead with the deal is a testament to the vulnerabilities in the vast network of government agencies struggling to provide affordable housing to low-income families across America. To finance new projects and try to address the housing crisis, the local agencies routinely sell municipal bonds, a loosely regulated corner of the securities market where deals are often just rubber-stamped. Many of the agencies have been plagued by mismanagement, poor oversight and corruption. Since 2023, prosecutors have brought bribery and fraud charges against housing authority officials in Ohio, North Carolina, Georgia, Pennsylvania, Illinois, Montana and New York, where 70 former and current New York City Housing Authority officials were ensnared in a historic case. In Connecticut, the events in Groton are drawing fresh scrutiny to the more than 100 independent housing agencies across the state, which only has enough affordable rental homes to meet the needs of about one-third of the lowest-income households. 'Until we fix the regulatory disconnect,' said Robert Boris, chair of Groton's economic development commission, 'bad actors will continue to exploit it and working families will continue to the pay the price.' Cappelletti, 58, has worked in public housing for two decades. A graduate of Assumption University, a Catholic school in Worcester, Massachusetts, he joined the housing authority in Stamford, Connecticut, in 2002 to run the city's Section 8 voucher program, according to his LinkedIn profile. In 2009, he became the executive director for the Meriden Housing Authority and five years later tacked on a similar part-time job for the Waterbury Housing Authority. Just before starting at Groton in 2016, he left the post in Waterbury. There, an investigation found he had used $56,653 of public funds to buy a Chevrolet Silverado for business and personal use even though he wasn't entitled to a vehicle, had slid someone onto the payroll without the agency's approval and allowed a contractor to live rent-free in an apartment managed by the agency in exchange for painting work. Cappelletti and Waterbury reached a separation agreement that included no admission of wrongdoing. The Groton job was a relatively modest one — mostly the oversight of 174 rental units — that Cappelletti could do while still running the agency in Meriden some 50 miles away. Cappelletti, though, envisioned much bigger things for Groton. A manufacturing hub just off the Long Island Sound, best known for its naval base, General Dynamics Corp.'s submarine factory and the sprawling research facility for the drugmaker Pfizer Inc., the town had a relatively strong economy. But that had left it with a shortage of affordable housing, and its main commercial corridor was lined with aging, strip-style retail. Cappelletti called his development project Groton 2030. It'd reserve 20% of the 1,925 apartments for lower-income residents, a key selling point to the authority's board, which approved the project in June 2023. Per the plan, Cappelletti would oversee the project himself through a development arm of the housing authority instead of hiring an experienced developer or soliciting bids. One of the housing agency commissioners who signed off on the plan, Joe Greene, soon had regrets. In an interview, Greene said he had reluctantly approved the bond during a last-minute video call but had doubts after asking for details. Cappelletti never presented a real business plan, Greene said, and the town had not received formal notice that one of its agencies was planning a massive bond sale. At odds with the rest of the board, Greene resigned that September. Two years later, he remains mystified by it all. 'I still don't know how you're going to pay off a $750 million bond in a five-year timespan when you don't own the property and when there was no business plan,' he said. 'People were amazed at the amount of money.' With the approval in hand, Cappelletti put the deal in motion. He had the Groton authority pay $25,000 to a New Jersey-based investment banker, according to a check register obtained under a freedom of information request. The authority also hired Connecticut law firm Pullman & Comley as bond counsel and obtained an 'A' rating from Egan-Jones based on a few financial projections it turned & Comley declined to comment. Eric Mandelbaum, general counsel for Egan-Jones, said the firm can't comment on particular transactions but 'stands behind its work and record, which are based on methodologies that are publicly available.' Related Story: A New Ratings Game: 3,000 Deals, 20 Analysts, Lots of Questions The sale bogged down after that. Month after month, its completion kept getting delayed. Then, in May 2024, it all started to unravel on Cappelletti when the Groton commissioners received subpoenas ordering them to travel across the state to provide sworn testimony. Months earlier, a lawsuit had been filed against Cappelletti's Meriden Housing Authority and a subsidiary, Maynard Road Corp., that had defaulted on a $16 million loan. The lender, Titan Capital, subpoenaed the Groton commissioners because Cappelletti had made $629,000 of loan repayments with funds pulled from their agency, not Meriden's. The Meriden agency is now on the hook for about $30 million — to repay the Titan loan with interest as well as $12.5 million owed to Citizens Bank for a project in Bristol, Connecticut. Back in a September 2023 board meeting, the Groton commissioners had asked Capelletti about the cash used to pay off Titan, which was recorded as an expense for the Groton 2030 project. They were assured they'd be reimbursed when the bond deal closed, minutes of the meeting show. But the Meriden lawsuit raised new questions, and when Groton commissioners started digging, they found that companies controlled by Cappelletti had bought properties in Winchester, Connecticut, and Fitchburg, Massachusetts to redevelop. Cappelletti also allegedly forged a resolution to approve $2.7 million of lease agreements for the authority, according to the February lawsuit filed by the Groton agency. 'This case involves the discovery of a massive Ponzi-like fraud,' lawyers for the agency said in a court filing. 'Over the course of at least seven years, Cappelletti accepted millions of dollars in funds from non-commercial lenders or other questionable entities.' In January, the agency suspended Cappelletti and canceled his contract. The FBI probe continues and the lawsuits are wending their way through Connecticut courts. 'Our focus now,' said Frink, the chair of the Groton Housing Authority, 'is to ensure a complete and fulsome investigation.' Cavs Owner Dan Gilbert Wants to Donate His Billions—and Walk Again The SEC Pinned Its Hack on a Few Hapless Day Traders. The Full Story Is Far More Troubling Is Elon Musk's Political Capital Spent? Trump Considers Deporting Migrants to Rwanda After the UK Decides Not To What Does Musk-Trump Split Mean for a 'Big, Beautiful Bill'? ©2025 Bloomberg L.P.
a day ago
Can an American pope apply US-style fundraising and standards to fix troubled Vatican finances?
VATICAN CITY -- As a bishop in Peru, Robert Prevost was often on the lookout for used cars that he could buy cheap and fix up himself for use in parishes around his diocese. With cars that were really broken down, he'd watch YouTube videos to learn how to fix them. That kind of make-do-with-less, fix-it-yourself mentality could serve Pope Leo XIV well as he addresses one of the greatest challenges facing him as pope: The Holy See's chronic, 50 million to 60 million euro ($57-68 million) structural deficit, 1 billion euro ($1.14 billion) pension fund shortfall and declining donations that together pose something of an existential threat to the central government of the 1.4-billion strong Catholic Church. As a Chicago-born math major, canon lawyer and two-time superior of his global Augustinian religious order, the 69-year-old pope presumably can read a balance sheet and make sense of the Vatican's complicated finances, which have long been mired in scandal. Whether he can change the financial culture of the Holy See, consolidate reforms Pope Francis started and convince donors that their money is going to good use is another matter. Leo already has one thing going for him: his American-ness. U.S. donors have long been the economic life support system of the Holy See, financing everything from papal charity projects abroad to restorations of St. Peter's Basilica at home. Leo's election as the first American pope has sent a jolt of excitement through U.S. Catholics, some of whom had soured on donating to the Vatican after years of unrelenting stories of mismanagement, corruption and scandal, according to interviews with top Catholic fundraisers, philanthropists and church management experts. 'I think the election of an American is going to give greater confidence that any money given is going to be cared for by American principles, especially of stewardship and transparency,' said the Rev. Roger Landry, director of the Vatican's main missionary fundraising operation in the U.S., the Pontifical Mission Societies. 'So there will be great hope that American generosity is first going to be appreciated and then secondly is going to be well handled,' he said. 'That hasn't always been the circumstance, especially lately.' Pope Francis was elected in 2013 on a mandate to reform the Vatican's opaque finances and made progress during his 12-year pontificate, mostly on the regulatory front. With help from the late Australian Cardinal George Pell, Francis created an economy ministry and council made up of clergy and lay experts to supervise Vatican finances, and he wrestled the Italian-dominated bureaucracy into conforming to international accounting and budgetary standards. He authorized a landmark, if deeply problematic, corruption trial over a botched London property investment that convicted a once-powerful Italian cardinal. And he punished the Vatican's Secretariat of State that had allowed the London deal to go through by stripping it of its ability to manage its own assets. But Francis left unfinished business and his overall record, at least according to some in the donor community, is less than positive. Critics cite Pell's frustrated reform efforts and the firing of the Holy See's first-ever auditor general, who says he was ousted because he had uncovered too much financial wrongdoing. Despite imposing years of belt-tightening and hiring freezes, Francis left the Vatican in somewhat dire financial straits: The main stopgap bucket of money that funds budgetary shortfalls, known as the Peter's Pence, is nearly exhausted, officials say. The 1 billion euro ($1.14 billion) pension fund shortfall that Pell warned about a decade ago remains unaddressed, though Francis had planned reforms. And the structural deficit continues, with the Holy See logging an 83.5 million euro ($95 million) deficit in 2023, according to its latest financial report. As Francis' health worsened, there were signs that his efforts to reform the Vatican's medieval financial culture hadn't really stuck, either. The very same Secretariat of State that Francis had punished for losing tens of millions of euros in the scandalous London property deal somehow ended up heading up a new papal fundraising commission that was announced while Francis was in the hospital. According to its founding charter and statutes, the commission is led by the Secretariat of State's assessor, is composed entirely of Italian Vatican officials with no professional fundraising expertise and has no required external financial oversight. To some Vatican watchers, the commission smacks of the Italian-led Secretariat of State taking advantage of a sick pope to announce a new flow of unchecked donations into its coffers after its 600 million euro ($684 million) sovereign wealth fund was taken away and given to another office to manage as punishment for the London fiasco. 'There are no Americans on the commission. I think it would be good if there were representatives of Europe and Asia and Africa and the United States on the commission,' said Ward Fitzgerald, president of the U.S.-based Papal Foundation. It is made up of wealthy American Catholics that since 1990 has provided over $250 million (219 million euros) in grants and scholarships to the pope's global charitable initiatives. Fitzgerald, who spent his career in real estate private equity, said American donors — especially the younger generation — expect transparency and accountability from recipients of their money, and know they can find non-Vatican Catholic charities that meet those expectations. 'We would expect transparency before we would start to solve the problem,' he said. That said, Fitzgerald said he hadn't seen any significant let-up in donor willingness to fund the Papal Foundation's project-specific donations during the Francis pontificate. Indeed, U.S. donations to the Vatican overall have remained more or less consistent even as other countries' offerings declined, with U.S. bishops and individual Catholics contributing more than any other country in the two main channels to donate to papal causes. Francis moved Prevost to take over the diocese of Chiclayo, Peru, in 2014. Residents and fellow priests say he consistently rallied funds, food and other life-saving goods for the neediest — experience that suggests he knows well how to raise money when times are tight and how to spend wisely. He bolstered the local Caritas charity in Chiclayo, with parishes creating food banks that worked with local businesses to distribute donated food, said the Rev. Fidel Purisaca Vigil, a diocesan spokesperson. In 2019, Prevost inaugurated a shelter on the outskirts of Chiclayo, Villa San Vicente de Paul, to house desperate Venezuelan migrants who had fled their country's economic crisis. The migrants remember him still, not only for helping give them and their children shelter, but for bringing live chickens obtained from a donor. During the COVID-19 pandemic, Prevost launched a campaign to raise funds to build two oxygen plants to provide hard-hit residents with life-saving oxygen. In 2023, when massive rains flooded the region, he personally brought food to the flood-struck zone. Within hours of his May 8 election, videos went viral on social media of Prevost, wearing rubber boots and standing in a flooded street, pitching a solidarity campaign, 'Peru Give a Hand,' to raise money for flood victims. The Rev. Jorge Millán, who lived with Prevost and eight other priests for nearly a decade in Chiclayo, said he had a 'mathematical' mentality and knew how to get the job done. Prevost would always be on the lookout for used cars to buy for use around the diocese, Millán said, noting that the bishop often had to drive long distances to reach all of his flock or get to Lima, the capital. Prevost liked to fix them up himself, and if he didn't know what to do, 'he'd look up solutions on YouTube and very often he'd find them,' Millán told The Associated Press. Before going to Peru, Prevost served two terms as prior general, or superior, of the global Augustinian order. While the order's local provinces are financially independent, Prevost was responsible for reviewing their balance sheets and oversaw the budgeting and investment strategy of the order's headquarters in Rome, said the Rev. Franz Klein, the order's Rome-based economist who worked with Prevost. The Augustinian campus sits on prime real estate just outside St. Peter's Square and supplements revenue by renting out its picturesque terrace to media organizations (including the AP) for major Vatican events, including the conclave that elected Leo pope. But even Prevost saw the need for better fundraising, especially to help out poorer provinces. Toward the end of his 12-year term and with his support, a committee proposed creation of a foundation, Augustinians in the World. At the end of 2023, it had 994,000 euros ($1.13 million) in assets and was helping fund self-sustaining projects across Africa, including a center to rehabilitate former child soldiers in Congo. 'He has a very good interest and also a very good feeling for numbers,' Klein said. 'I have no worry about the finances of the Vatican in these years because he is very, very clever.' Franklin Briceño contributed from Lima, Peru.
