WESTPORT — Police say detectives helped a local resident recover $3.2 million after they fell for an elaborate financial scam.
Westport police began their investigation in May after the victim reported they were “convinced to move money from retirement account into a ‘Kraken’ Cryptocurrency account” in January, Lt. Eric Woods said in a news release Friday.
Between January and March, the victim reported that more than $3 million worth of Bitcoin was withdrawn and transferred to cryptocurrency wallets they did not control. Westport detectives worked with Connecticut State Police to track down the transactions and freeze all accounts associated with the scam, according to Woods.
“Ultimately, these accounts led to individuals living in Pakistan,” Woods said.
Woods said “arrests are highly unlikely in this case,” but said the detective were able to recover $3.2 million for the victim.