North Carolina Officials Hunt for USI-Tech Fraud Victims

North Carolina's Securities Division is casting a wider net to find victims of the USI-Tech scheme after social media outreach fell flat.

The agency wants to hear from anyone in the state who lost money through USI-Tech, whether they were direct victims or brought into the operation by a recruiter based in North Carolina. Those affected can reach the Securities Division at (919) 814-5505 or through www.sosnc.gov.

The push to find victims marks a shift in strategy. Earlier attempts to reach people through social media produced disappointing results, forcing regulators to go public with their phone number—something they typically avoid.

Frank Calabro Jr., one of USI-Tech's major investors, is already under investigation by the Securities Division. The agency is also probing USI-Tech itself, though it remains unclear whether federal regulators at the SEC have joined the effort.

USI-Tech, which operated as a cryptocurrency investment platform, promised returns that attracted thousands of recruits who paid money with the expectation of profits. The setup relied heavily on bringing new participants into the scheme—a structure that raised immediate red flags for securities regulators across multiple states.

For victims still uncertain whether they should come forward, the answer is straightforward: the state wants to hear your story. Regulators need documentation of losses and details about how people were recruited into the scheme. Those records help build cases and determine the scope of the fraud.

Anyone with information should contact the Securities Division. The agency is treating this as an active investigation, not a closed matter.

🤖 Quick Answer

What is the North Carolina Securities Division doing to identify USI-Tech fraud victims?

The North Carolina Securities Division is actively seeking victims of the USI-Tech scheme through public outreach. After unsuccessful social media campaigns, regulators published their contact information—(919) 814-5505 and www.sosnc.gov—to encourage direct reports from affected individuals, including those recruited by North Carolina-based operatives involved in the fraudulent operation.

Why did North Carolina authorities change their investigation strategy regarding USI-Tech?

Initial attempts to locate victims through social media channels proved ineffective, prompting regulators to adopt a more direct public approach. By publicly releasing their phone number and website, an unusual measure for securities agencies, officials aimed to increase victim identification and gather evidence about the extent of the fraud scheme.

Who is being investigated in connection with USI-Tech fraud in North Carolina?

Frank Calabro Jr.,

🔗 Related Articles

- Daniel Filho criminal case moved back to Massachusetts
- SEC: Rodrigues’ payment plan “too little too late”
- Minerva Rewards Review: Content marketing & sales
- Empire Review: Trading ruse securities fraud
- Neora pushes for renewed settlement discussions after AMG