For Chris Malloy, a fraud detective with the Guilford County Sheriff’s Office in Greensboro, there’s often little he can do when faced with a horrific case of cryptocurrency fraud.
“When the victim puts the money in a crypto ATM, it goes straight to the bad guy’s wallet,” explains Malloy, who adds that he’s “had more than one victim that’s lost their life savings.”
Fraud fighters like Malloy are seeing more cases of crypto and other forms of fraud. Beyond that, federal officials say one of the biggest drivers of overall fraud losses are thefts that top $100,000. The trend has fraud experts, organizations such as AARP and government officials — including North Carolina Attorney General Jeff Jackson — scrambling to teach people how to avoid the scams…