Fraud investigators and recoveries have similar educational levels as fraud specialists. However, they earn slightly more, with fraud investigators earning a Master's Degree and 0.6% more with a Doctorate Degree. So, why is fraud recovery so important? Here are three reasons. These experts are needed in many different departments of the government, and can earn as much as $100,000 per year. But what are the qualifications? And are they worth the price?
ASAIC Dotson is a pandemic fraud recovery coordinator
ASAIC Dotson, a national pandemic fraud recovery coordinator, is responsible for coordinating investigations across multiple ongoing Secret Service and federal investigations into financial crimes involving cryptocurrency. As part of his role, Dotson will conduct investigations into cryptocurrency fraud, including how unsuspecting victims become money mules and move stolen funds through fake accounts. Some ways that victims become money mules include online romance scams, fake job opportunities, and plots to help others in exchange for financial favors.
Dotson has been assigned to the Florida field office, where he will coordinate investigations into COVID-19 relief fraud, involving financial institutions, money services businesses, and the United States Attorney's Office. His responsibilities also include managing the organization's cyber fraud task force, as well as money laundering schemes that utilize cryptocurrency. Lastly, Dotson will oversee investigations into cryptocurrency fraud, where victims are used as money mules.
IFW Global is an asset recovery specialist
Whether your money has been stolen or you have become a victim of a scam, IFW Global is a valuable resource. It can conduct investigation and fraud recovery services on your behalf. Its process is detailed and methodical and has proven successful throughout the company's history. It also allows for easy adaptability, as every element of the process is continuously altered to meet the specific requirements of your case.
The investigation and recovery of financial fraud cases are extremely difficult, as law enforcement agencies are slow in pinpointing suspects' locations and securing convictions. In such cases, IFW Global asset recovery investigators conduct comprehensive investigations and physical surveillance to gather evidence that will support court judgments. IFW Global has been in the asset recovery and fraud recovery business for over a decade, and its team of investigators is ready to help your business.
Secret Service CFTFs
U.S. Secret Service is merging two existing task forces: Financial Crimes Task Forces and Electronic Crimes Task Forces. These combined groups will be known as Cyber Fraud Task Forces and will be tasked with combating all forms of cyber-enabled financial crime. The new task forces will seek fraud recovery experts with knowledge of the latest technology and investigative methodologies. The CFTFs are seeking applicants with experience in fraud recovery, computer forensics, and investigation.
The Secret Service CFTFs are comprised of criminal investigators, financial analysts, and digital forensics analysts. CFTFs are backed by the Global Investigative Operations Center at Secret Service headquarters. ASAIC Dotson spearheads cryptocurrency investigations. The Secret Service will continue to expand its CFTF network as it relates to fraud. However, the most important factor to consider before applying to a CFTF is your background in fraud recovery.
Among the most pressing concerns for law enforcement and financial institutions are frauds involving personal protective equipment and pandemic relief funds. Fraud recovery specialists can help prevent such crimes by working with financial institutions, money services companies, and United States Attorney Offices to investigate and prosecute those who misuse these refund transfer banks . A successful recovery case will help the government recover the money that was stolen. A successful investigation may also result in the arrest of hundreds of individuals.
As a result of the recent Covid-19 scam, the US Secret Service has seized nearly $1 billion in relief funds. With more than 900 Secret Service investigations currently underway, Dotson is coordinating the work of other agents and investigators. The US Secret Service is best known for its protection of political leaders, but it also investigates financial crimes. Dotson's appointment is a good sign for fraud recovery professionals.
U.S. Secret Service plans to expand its CFTF to international markets. This means the organization will have access to more resources than domestic law enforcement agencies. Fraud recovery experts can work on cases related to international financial crime, including those that involve fraudulent online scams. There are currently over 900 ongoing investigations related to cryptocurrency fraud. Dotson said that criminals typically ask potential victims to open accounts or make large deposits of money.