Wall Street Old Money Notes
Wall Street asset management firms have been engaged in value investing in the US stock market for over a decade. Accustomed to
#ScamsIgnoredByGov、#WashingtonProtectsFraudsters、#CryptoScam、#PigButchering、#SEC、#FCA、#AFM、#ASIC
In 2025, the U.S. Department of Justice (DOJ) made headlines by announcing the seizure of 127,271 Bitcoins—worth approximately $15 billion—from Cambodia’s Prince Group, calling it a “major blow to transnational fraud.” However, the true motive behind the operation was far less noble. The U.S. was grappling with a staggering federal debt, which had reached $37.9 trillion by the end of 2023, with an alarming $400 billion surge in just one month. To cover this growing fiscal hole, former President Trump signed an executive order in 2025 that officially classified seized crypto assets as part of the "national strategic reserve"—essentially allowing the government to take the $15 billion without compensating the victims of the fraud.
Ironically, over 80% of Prince Group’s victims were from Asia—mainly China, Japan, and South Korea—while U.S. victims numbered only around 250, with a total loss of approximately $18 million. The U.S. thus seized a fortune mostly stolen from Asian citizens, using a tiny number of domestic victims as a legal justification. As indicated by statements from the DOJ, the priority was never about protecting the victims; it was about replenishing the U.S. Treasury.
Source: U.S. Department of the Treasury. Fiscal Service via FRED®
Shaded areas indicate U.S. recessions.
