Has anyone approached any authorities at all?
I'm wondering about this as well. I just lost 125$ so it's not worth any effort, but how can
you treat it as a shut case if you lost 1k or more? I don't get that..
It's very likely that some of the people that lost much did approach the authorities. But those things move slowly and even if you get some results announcing them publicly s not the most responsible thing to do.
But it's likely that most cases were similar to you, small losses etc.
It is unlikely that any authorities take this too seriously. Nobody even knows who these guys where or where they where operating from. Most authorities will not do too much work unless they know that the crime and criminal where within their jurisdiction. There where tons of much bigger scams to chase. I know there where several Private investigators assigned to the case, but if they haven't yielded useful clues by now they probably never will.
Most of the lost money is probably in the hands of the early investors. I am sure the perpetrators ran of with a good chunk too..