Among the highlighted cases are a $1 billion Medicare fraud and a $9.4 million investment scheme promising inflated returns. In total, 265 defendants faced charges with an anticipated fraud loss surpassing $16 billion, indicating a drastic rise in crypto-related fraud.
The DOJ reported that AI technology has precipitated a 500% increase in the speed of fraud, allowing criminal operations to progress at unprecedented levels. The Fraud Section continues to take significant actions against scams involving cryptocurrencies.
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