From Crypto Dreams to Hard Reality: How ScanWriter® Exposed an $80 Million Fraud Scheme

Utilizing ScanWriter’s data entry automation and advanced analytics, the International Crypto Fraud Task Force swiftly unraveled an $80 million cryptocurrency fraud scheme, showcasing the power of technology in modern law enforcement.

The rise of cryptocurrency has brought with it an increased complexity in financial crimes, often involving vast networks and rapid transactions that span across multiple countries. This complexity necessitates a level of coordination and collaboration among international law enforcement agencies that traditional investigative methods are ill-equipped to handle.

In facing these challenges, the need for advanced technological tools becomes clear. ScanWriter, with its powerful data processing and visualization capabilities, not only aids in tracing laundered money but also supports the essential close collaboration between different agencies. This case study highlights how ScanWriter facilitates this global cooperation, ensuring that teams are equipped to work together effectively, share crucial data in real-time, and streamline the investigative process.

Tracing Illicit Transactions of $80 Million Across the Globe

The case began to unravel when law enforcement agencies across several countries identified a sophisticated operation involving the laundering of $80 million through cryptocurrencies. The complex scheme spanned the US, Southeast Asia, and the Caribbean, involving over 40 banks and numerous shell companies. Utilizing cryptocurrencies like Tether (USDT) allowed criminals to rapidly move large sums across borders, obscuring the illicit flow of funds beneath legitimate financial activities.

With conventional tools failing due to their limitations in speed and accuracy, authorities turned to ScanWriter, a tool known for its advanced data entry automation and dynamic visualization capabilities. ScanWriter’s precise data processing and visualization tools not only streamlined the investigative process but also played a crucial role in tracing the convoluted flow of laundered money. 

This led directly to the recovery of approximately $22 million in mixed assets, including digital currencies, showcasing the software’s pivotal role in the case.

Harnessing Advanced Technology to Decode Complex Fraud Schemes

As the investigation deepened, ScanWriter’s capabilities became increasingly significant. It enabled the analysis of large datasets, identification of hidden patterns, and generation of detailed reports and visualizations. These features were essential for dissecting the complex network of transactions and understanding the relationships between various entities involved.

The challenge of collaborating across international borders was met head-on with ScanWriter’s real-time data sharing and collaboration features. These tools allowed disparate teams to synchronize their efforts and share critical insights instantly, ensuring a cohesive and coordinated response to the investigation.

When specific demands arose, such as the need to quickly process financial statements from various international banks, ScanWriter’s development team rapidly adapted the software. New functionalities were added in less than 48 hours, significantly boosting the investigative momentum.

Moreover, when an investigator needed to implement advanced data filters within the Flow of Funds visualization tool, ScanWriter’s support team provided immediate, hands-on assistance. This ensured that the investigator could fully utilize the tool’s capabilities to track the laundered money effectively.


Specific names of entities have been altered or omitted in this case study to ensure confidentiality.

About ScanWriter

ScanWriter is a data entry automation and visualization tool that assists in financial fraud investigations. It is a homegrown software trusted by many district attorneys, forensic accountants, and fraud investigators across the US working in both the public and private sectors.

About Personable

Founded in 1998 and headquartered in Fountain Valley, California, Personable Inc. provides innovative digital tools to streamline document workflow and data analysis, assisting professionals in public and private sectors to enhance productivity and combat fraud.

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