Pleasant Hill police recover $350,000 lost in 2022 crypto scam

Authorities in Pleasant Hill, California, have returned most of a 70-year-old woman's life savings stolen in a cryptocurrency scam nearly four years ago. The victim lost $350,000 in March 2022 after an online fraudster persuaded her to invest. Detective Stephen Vuong, with help from the United States Secret Service, tracked and seized the funds from a digital wallet.

In March 2022, a 70-year-old resident of Pleasant Hill fell victim to an online cryptocurrency investment scheme, losing her entire life savings of $350,000. The scammer convinced her to transfer the money, which quickly vanished into digital obscurity.

Detective Stephen Vuong of the Pleasant Hill Police Department took up the case, initiating a meticulous trace of the cryptocurrency transactions. As detailed in a police news release, “Detective Stephen Vuong began tracking the cryptocurrency, and through extensive investigative efforts and with the assistance of the United States Secret Service, successfully located the majority of the victim’s funds in an online digital wallet.”

The wallet remained dormant for years, showing no activity until September 2025. At that point, Vuong acted swiftly: he monitored the account, froze the assets upon activation, and seized them. On December 30, 2025, the recovered funds were transferred back to the victim and her family.

Police Chief Scott Vermillion praised the effort, stating, “We are happy to be able to return these funds to the victim, and I congratulate Detective Vuong on the outstanding work he put into this case.”

This recovery highlights the challenges and possibilities in combating crypto-related fraud. The Pleasant Hill Police Department urges residents to exercise caution with online solicitations for investments or services, and to safeguard personal details. Victims of scams are encouraged to reach out via the non-emergency line at (925) 288-4600.

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Police raid and arrests in a €600 million cryptocurrency scam bust across Europe, showing seized assets and suspects.
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Nine arrested in Europe over €600 million crypto scam

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European authorities have arrested nine suspects in a multinational operation targeting a cryptocurrency investment fraud network that stole at least €600 million from victims. The late October sweep involved agencies from several countries and resulted in the seizure of cash, cryptocurrency, and luxury items. Victims were lured through deceptive online tactics but could not recover their funds.

Nearly four years after a 70-year-old woman from Pleasant Hill lost $350,000 in a cryptocurrency scam, police have recovered the majority of the stolen money. The victim reported the fraud in March 2022, and detectives tracked the funds with help from federal authorities. The money was returned to her and her family on December 31.

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A school resource officer in Lunenburg, Massachusetts, has helped recover over $100,000 stolen in a cryptocurrency scam, marking the state's first seizure of Tether funds by law enforcement. The investigation began with a local victim's report of a $13,000 loss at a Bitcoin ATM. At least 13 victims stand to benefit from the recovered assets.

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Federal prosecutors have charged Chen Zhi, chairman of Cambodia's Prince Holding Group, with wire fraud and money laundering in a global cryptocurrency scam that exploited forced labor. The U.S. government seized bitcoin worth approximately $15 billion, marking the largest forfeiture action in Department of Justice history. Chen remains at large, facing up to 40 years in prison if convicted.

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