Trader Defense Advisory specializes in investigations and fund recovery related to cyber-crimes and fraud. Recoveries have included finance scams, forex scams, Bitcoin cryptocurrency scams, options scams, romance scams, counterfeit bank scams and inheritance scams. Read the full Trader Defense Advisory review here.
About Trader Defense Advisory:
We spoke to TDA’s team regarding how they work. “Every day, Trader Defense Advisory gets hundreds of complaints worldwide from victims about various scams. We hear about scams from almost every industry, with amounts ranging from thousands to millions of dollars,” said Ronen Benson, head of information security.
“TDA uses technology to quickly compile data on claims – to match new information to old data and create new initial investigations. After processing complaints TDA interviews victims to gauge the likelihood and cost of recovery. All clients receive free consultations and often either reports or advice, regardless of TDA’s paid services. Some clients may choose a deeper investigative track in order to recover their funds. This process typically requires us to work across investigators, lawyers, banks, processors and authorities around the globe.
Asked what is happening in the recovery industry, Benson replied, “In the last quarter we’ve seen a giant spike in crypto-related fraudulent activity. Specifically, clients are complaining that cyber-criminals pose as investment advisors and convince unknowing victims to log in to their computer using remote desktop applications. The culprits then wire the victim’s money to regulated bitcoin exchanges, and from there, the culprits send the bitcoin to their personal wallets. Because cryptocurrency has an illusion of anonymity, Bitcoin scammers think they are safe hiding behind exchanges. Trader Defense Advisory has big news for these scammers, we can track them.