(2020–2024)
This report highlights the evolving landscape of North Carolina cryptocurrency scam affecting North Carolina residents over the past five years. Reported cases jumped from around 38 in 2020 to over 1700 in 2024. However, Safefunds Recovery’s internal analysis suggests that only about 1 in 16 victims formally report these incidents. Many attribute their losses to ‘bad investments’ rather than recognizing them as fraud. As a result, the true number of cases may be exponentially higher.
Dramatic Increase: Scam reports grew by more than 44.7x between 2020 and 2024.
2024 Highlights:
– A notable incident where a victim lost over $500,000 via a fake cryptocurrency exchange.
– County authorities reported a sharp increase in scams targeting elderly residents.
2023 Data Points:
– Over 700 complaints filed from North Carolina with the FBI’s IC3.
– FBI Internet Crime Complaint Center (IC3)
– Federal Trade Commission (FTC)
– Regional media and public records for Arizona
– Safefunds Recovery internal analysis
Data for 2020–2022 includes projections based on complaint patterns and partial datasets. Figures for 2023–2024 are sourced from full, verified public records and Safefunds Recovery’s internal research.