Forensic Update

Reflections on information management within the legal and regulatory arena

Archive for the ‘Investigations’ Category

Today’s #GoodGuysPrevail Update…

Posted by Johnny Lee on August 8, 2022

The U.S. Department of Justice recently charged six defendants in four separate crypto-related fraud cases:

  • the largest known #NFT scheme charged to date;
  • a global #Ponzi scheme involving unregistered securities;
  • a fraudulent #ICO; and
  • a fraudulent investment fund.

Like prior #GGP updates, these cases reflect the herculean efforts of coordinated #lawenforcement and #digitalforensic efforts. Kudos to the Federal Bureau of Investigation (FBI), the United States Attorneys’​ Offices, the Department of Homeland Security, Office of Inspector General.

If you believe that you are a victim of the Baller Ape Club, EmpiresX, TBIS, and Circle Society schemes, please visit the DOJ website for details on how to submit your “Victim Impact Statement” (and thereby register as a victim).

#ruleoflaw #fraudinvestigations #cybercrime #cryptoassets #digitalassettracing #digitalassetrecovery #forensicinvestigation #forensicaccounting #karma #AisA #digitalassets

Posted in Computer Forensics, cryptocurrency, Digital Assets, eDiscovery, Forensic Accounting, Information Security, Investigations, Privacy | Tagged: | Leave a Comment »

Today’s #GoodGuysPrevail Update…

Posted by Johnny Lee on July 27, 2022

Earlier this week, the United States Attorneys’​ Offices won a conviction against the fraudster behind the crypto scheme My Big Coin – the regrettably named defendant for a cryptocurrency shill: Randall Crater. As a refresher, this was a $6M USD scheme defrauding investors by marketing and selling non-existent virtual currency.

As with several prominent mentions in the press this week, including actions from both U.S. Securities and Exchange Commission and U.S. Department of Justice, the “fraud is fraud” theme was the central theory of this case. For those of us in the digital assets industry for some time now, this is just the latest example of things equalizing in this space (i.e., the grown-ups are now on scene).

Kudos to the Federal Bureau of Investigation (FBI), the USPS OIG, the U.S. Commodity Futures Trading Commission for its combined efforts in achieving this conviction.

#cryptocurrency #fraudinvestigations #digitalforensics #digitalassets #fraud #conviction #currency #scam #cryptofraud #lawenforcement #assettracing #assetrecovery #forensicinvestigation

Posted in Computer Forensics, cryptocurrency, CyberSecurity, Digital Assets, Fraud, Investigations, Privacy | Comments Off on Today’s #GoodGuysPrevail Update…

Today’s #GoodGuysPrevail Update…

Posted by Johnny Lee on April 13, 2022

While the use of the verb “forfeit” in the headline of this story may seem confusing, it’s a GREAT turn of events. Simply put, U.S. Department of Justice, Criminal Division prosecutors in the Southern District of Florida have secured one of the largest #cryptocurrency #forfeiture actions ever filed in this country.

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This story really resonates with me, as it represents a rather elegant intersection of #cyber and #crypto. The forfeiture action netted about $34M in cryptocurrency, all tied to the illegal #darkweb activity of a South Florida resident — specifically, the sale of online account credentials.

Of additional interest is the method by which this case was brought. In yet another example of inter-agency collaboration among federal, state, and local #lawenforcement, the investigators “followed the money” through a tortuous path, owing to the target’s use of cryptocurrency “tumblers”, “chain hopping”, and other (failed) #moneylaundering techniques.

Kudos to the Internal Revenue Service‘s Criminal Investigation group, the Federal Bureau of Investigation (FBI), the U.S. Department of Homeland Security, the United States Postal Service Inspection Service, and the Drug Enforcement Administration for its combined investigative efforts here.

#ruleoflaw #digitalforensics #digitalassets #assettracing #assetrecovery #forensicinvestigation #justice #karma #AisA

Posted in Computer Forensics, CyberSecurity, Data Breach, eDiscovery, Forensic Accounting, Fraud, Information Security, Investigations | Comments Off on Today’s #GoodGuysPrevail Update…

Today’s #GoodGuysPrevail Update…

Posted by Johnny Lee on March 17, 2022

A mere 8 months after his (alleged) involvement in the Kaseya #ransomware attacks, a Ukrainian national has been extradited to the United States and been formally indicted in a Dallas courtroom. This is the way…

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#ruleoflaw #justice #revil #cybercrime #fraud #extortion #lawenforcement #cyberfraud #digitalforensics #dfir #incidentresponse #cybersecurity #crimedoesntpay

Posted in Computer Forensics, CyberSecurity, Data Breach, Information Security, Investigations, Privacy | Comments Off on Today’s #GoodGuysPrevail Update…

Today’s #GoodGuysPrevail Update…

Posted by Johnny Lee on February 3, 2021

In yet another example of a globally coordinated #lawenforcement takedown, the #infrastructure of world’s “most dangerous malware” (#EMOTET) was disrupted last week.


#cybersecurity #computermalware #fraud #seizurelaw #ruleoflaw #dataprivacy #investigations #fraudinvestigations #dfir #digitalforensics #investigations

Posted in Computer Forensics, CyberSecurity, Data Breach, eDiscovery, Fraud, Information Security, Investigations | Comments Off on Today’s #GoodGuysPrevail Update…

Podcast Appearance…

Posted by Johnny Lee on January 29, 2021

I had a great deal of fun talking shop with my friends, Jodi & Justin Daniels, on their podcast: “She Said Privacy, He Said Security”…check it out if you have a few minutes.

Posted in Computer Forensics, CyberSecurity, Data Breach, Data Governance, ECM, eDiscovery, Fraud, Information Security, Investigations, Privacy | Comments Off on Podcast Appearance…

Today’s #GoodGuysPrevail Update…

Posted by Johnny Lee on November 5, 2020

Late last week, the U.S. Department of Justice and U.S. Secret Service secured the eigToday’s #GoodGuysPrevail Updateht-year conviction for a Russian national involved in a decade-long scheme to compromise computer devices, to broker in stolen #PII and banking credentials, and to defraud individuals at scale.

With calculated losses in excess of $100M USD, this conviction marks another example of the lengths that U.S. federal law enforcement will go to bring to justice criminal actors who victimize American citizens.

#fraud #privacy #fraudinvestigations #dataprivacy #digitalforensics #forensics #investigations #crimeandjustice #darkweb #ruleoflaw #cyberespionage #lawenforcement #consumerprotection #innovation #security #crime #cybersecurity #justice

Posted in Computer Forensics, CyberSecurity, Data Breach, Data Governance, eDiscovery, Fraud, Information Security, Investigations, Privacy | Comments Off on Today’s #GoodGuysPrevail Update…

Today’s #GoodGuysPrevail Update…

Posted by Johnny Lee on October 15, 2020

The U.S. Department of Justice seized control of 92 domains purporting to be news outlets — which, in reality, were propaganda and disinformation outlets for Iran’s Islamic Revolutionary Guard Corps (IRGC). These sites violate existing #sanction regimes and tie back to a group designated as a Foreign Terrorist Organization by the United States Government.

Four of these sites targeted U.S. news audiences directly, and the remaining (88) domains “targeted audiences in Western Europe, the Middle East, and South East Asia”. The #investigation was initiated via intelligence received from Google, was led by the Federal Bureau of Investigation (FBI), and was supported by research provided by Google, Facebook, and Twitter.

#influencecampaign #digitalforensics #fraud #forensics #FARA #espionage #ofac #terrorism #IEEPA #malware

Posted in Computer Forensics, CyberSecurity, Fraud, Investigations | Comments Off on Today’s #GoodGuysPrevail Update…

New Grant Thornton Thought Leadership – Mandatory Initial Discovery Protocol

Posted by Johnny Lee on June 19, 2018

I’m proud to have contributed (with my Grant Thornton LLP colleagues Lucas Newcomer and David Aberman) to an overview of the the #MIDP eDiscovery protocols being piloted by the Judicial Conference of the United States…

https://sb.gl/2rDs93T

Posted in Computer Forensics, Data Governance, ECM, eDiscovery, Investigations, Litigation Hold, Records Retention | Comments Off on New Grant Thornton Thought Leadership – Mandatory Initial Discovery Protocol

Resilience: The best strategy for cyber threats…

Posted by Johnny Lee on May 1, 2018

It is now axiomatic that data breaches have become a function of “when, not if”. At long last, organizations are increasingly cognizant of this fact. In Grant Thornton’s 2017 Corporate General Counsel Survey, 72% of respondents cite cyber threats as their most significant source of risk. Cyber risk is significant, and it’s changing.

Read the full piece here.

Posted in Computer Forensics, CyberSecurity, Data Breach, Data Governance, ECM, Investigations | Comments Off on Resilience: The best strategy for cyber threats…

 
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