LOS
ANGELES, Oct. 2, 2024 /PRNewswire/ -- Attorney
Kiley Grombacher filed a lawsuit
against multiple defendants alleging their client was caught up on
a "pig butchering" scam involving the theft of over 33
Bitcoin (BTC) equivalent at the time to more than
$2.1 million.
According to the complaint, the plaintiff in this case was
caught up in an alleged global RICO conspiracy known
as pig butchering where fraudulent crypto investment
schemes are directed from Asia.
These scams are believed to be perpetrated by criminal
organizations in Southeast Asia.
These scammers created believable copycat websites that replicate
authentic trading platforms. The scammers then simulate actual
trades on these bogus websites as they slowly steal money from
victims.
The complaint alleges that in September of 2023,
the plaintiff in was introduced to "1" by an individual he'd met on
LinkedIn who claimed to be a niece of "1." Initially there was a
video phone call, but subsequent communication used the Telegram
app. The alleged scam was that "1" claimed he would
teach the plaintiff in this matter how to become a successful
cryptocurrency trader. This alleged scam
artist also claimed to be affiliated with an investment firm that
works with Binance and showed falsified examples of
how successful he was a obtaining high returns from his
cryptocurrency trading methods. The case was filed
against the alleged scammer who called themselves
"1."
According to the complaint, the alleged scam artist
convinced the plaintiff to sign up with the trading outfit Kraken,
purchase BTC and then transfer it to a trusted exchange site
Coinberry. The BTC was then converted to Tether (USDT)
for use in various investment strategies. Unfortunately for the
plaintiff, the "trusted exchange" was instead an
allegedly fraudulent website created to deceiving
unwitting victims.
The plaintiff in this matter claims the fraudsters were so
convincing they convinced him to transfer his life savings,
including his entire IRA to them.
"It's absolutely sickening that this kind of scam had such
global reach," said attorney Kiley
Grombacher. "Thousands of people lost their life savings,
including our client who has to wonder how to pay his basic life
expenses after having worked tirelessly his entire life to build up
a substantial nest egg."
The case is Hector Gustav
Gutierrez v. "1" a/k/a "Yan Shi
Zhang", US District Court of California, Case No. 5:24-cv-01923.
About Bradley/Grombacher LLP
When you find yourself in need of taking legal action against
another party in a dispute, turn to the attorneys at
Bradley/Grombacher for help. Our lawyers have more than 50 years of
combined experience that can be put to work to help you get the
fair and just compensation you deserve in a dispute involving
employment law, consumer law, and personal injury law.
Contact: Joseph Marchelewski,
jmarchelewski@gmail.com
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SOURCE Bradley/Grombacher