FTCWatch Quotes Eun Young Choi on Federal Anti-Scam Strategy

Eun Young Choi, Arnold & Porter White Collar Defense & Investigations partner and former Deputy Assistant Attorney General in the National Security Division at the U.S. Department of Justice, was quoted in the recent FTCWatch article, “US agencies in early stages of mulling anti-scam strategies,” which examined how federal agencies are approaching the potential implementation of a nationwide cryptocurrency-related anti-scam strategy following 16 recommendations made by the Government Accountability Office.

Eun Young emphasized that prevention should play a central role in addressing fraud, particularly given the global nature of many scam operations and the difficulty of recouping losses in cryptocurrency schemes.

“Prevention is going to always be a better solution to this issue than law enforcement,” she said. “Often times, those who are responsible are abroad.”

The article also explored the ongoing debate among federal agencies over how to coordinate enforcement, data collection, and consumer education as cryptocurrency fraud losses — especially among older adults — continue to rise.

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