US and EU Asset Recovery is Failing Fraud Victims Authorities routinely celebrate their successes in tracing, freezing and confiscating criminal assets. Yet the crucial final step — returning those assets to the victims — remains fragmented, discretionary and painfully slow. Current cryptocurrency forfeiture proceedings in the United States expose the
Today, EFRI sent a formal letter to the Ministry of Justice of North Rhine-Westphalia and to European institutions concerned with the rule of law, consumer protection and asset recovery. Here you can read the full letter (translation). We represent 62 victims from across Europe who have been waiting for more
Asset recovery in Europe remains deeply dysfunctional. From a victim perspective, the system still too often fails at the most basic level: returning frozen money within a reasonable time. At EFRI, we have seen this repeatedly. In the P2P GmbH case, prosecuted in Cologne, approximately €1.8 million was frozen in
