S&D E31: Inside the Scamdemic with Operation Shamrock

Aidan Larkin sits down with Erin West and Detective Matthew Hogan of Operation Shamrock to unpack the global 'scamdemic' that’s devastating victims and fuelling organised crime, exploring the human cost behind crypto-enabled fraud. Erin and Matthew share frontline insights on why law enforcement struggles to keep pace, how AI is supercharging scams and what systemic changes are urgently needed.

We also spotlight Asset Reality’s new strategic alliance with Operation Shamrock, aimed at closing the enforcement gap and accelerating victim restitution worldwide.

Timestamps

00:00 – Introduction

03:30 – The Scamdemic: How pig-butchering scams evolved and scaled globally

10:00 – AI and the psychology of scams

15:00 – Human trafficking and scam compounds

20:00 – Law enforcement challenges

29:00 – Why crypto recovery is easier than you think

46:00 – Social media’s role in enabling scams

59:00 – Community, Collaboration and the Crypto Coalition

About Our Guests

Erin West is the founder of Operation Shamrock, a nonprofit dedicated to disrupting the scam industry through education, advocacy and law enforcement support. After 26 years as a prosecutor, Erin now leads global efforts to fight transnational organized crime and protect victims.

Matthew Hogan is a detective with the Connecticut State Police and co-founder of its cryptocurrency working group. He serves on the Secret Service Financial Crimes Task Force and works tirelessly to recover assets for victims of crypto-enabled fraud.

Key Takeaways

The Scamdemic is Industrial: Pig-butchering scams and sextortion are run from compounds housing tens of thousands of trafficked workers, weaponizing AI and psychological manipulation.

Law Enforcement is Outpaced: Crypto recovery is technically easier than physical asset recovery, but resource gaps, bureaucracy and lack of training stall progress.

Systemic Change is Needed: From unified reporting systems to breaking down silos, collaboration across law enforcement, tech platforms and financial institutions is critical.

Our Partnership with Operation Shamrock

Asset Reality and Operation Shamrock have formed a global strategic alliance to:

• Deliver monthly free crypto seizure training to U.S. and international law enforcement via the Crypto Coalition.
• Develop standardized playbooks for intake, seizure, and investigation workflows.
• Launch a global advocacy initiative making victim restitution a core success metric for crypto enforcement.

As Aidan Larkin says:

“This isn’t just about crypto, it’s about systemic change. If we empower local agencies with the right playbook and tools, we can disrupt billion-dollar networks before the funds vanish.”

Learn More About This Alliance

Resources

Operation Shamrock

Crypto Coalition

Chainalysis Report: The Landscape of Seizable Crypto Assets in 2025

Stay Connected

Subscribe to Seize & Desist for all the latest insights on asset recovery.

Disclaimer

Our podcasts are for informational purposes only. They are not intended to provide legal, tax, financial, and/or investment advice. Listeners must consult their own advisors before making decisions on the topics discussed. Asset Reality has no responsibility or liability for any decision made or any other acts or omissions in connection with your use of this material. The views expressed by guests are their own and their appearance on the program does not imply an endorsement of them or any entity they represent. Views and opinions expressed by Asset Reality employees are those of the employees and do not necessarily reflect the views of the company. Asset Reality does not guarantee or warrant the accuracy, completeness, timeliness, suitability or validity of the information in any particular podcast and will not be responsible for any claim attributable to errors, omissions, or other inaccuracies of any part of such material. Unless stated otherwise, reference to any specific product or entity does not constitute an endorsement or recommendation by Asset Reality.