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Home ABA Banking Journal Podcast

Podcast: Breaking down crypto investment scams

October 23, 2024
Reading Time: 1 min read
FBI: Crypto-related fraud losses increased 45% in 2023

Crypto investment scams cost Americans billions of dollars. The scammers start small with confidence or romance scams and gradually work their way up to demanding ever larger “investments.” On the latest episode of the ABA Banking Journal Podcast — sponsored by Alkami — officials from the FBI’s Criminal Investigative Division and the Commodity Futures Trading Commission break down how these scams work, typologies and red flags bankers should look out for and how banks can build proactive partnerships with law enforcement. They also discuss a new educational infographic on these scams produced jointly by the ABA Foundation and several government agencies.

This episode is presented by Alkami.

If you can’t see the audio player above, click here to listen to this week’s episode.

In this episode:

Jill Adams
Strategic Engagement Adviser for the Financial Crimes Section
FBI Criminal Investigative Division
Melanie Devoe
Director, Office of Customer Education and Outreach
Commodity Futures Trading Commission

Tags: ABA Banking Journal PodcastCryptocurrencyFraudScams
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