There's a common reason why reporting to regulators and police doesn't do much. It's because people run around telling others to not bother reporting. Sometimes it might take 10, 20, or more well done reports before the police or regulators have enough information to even begin an investigation.
Not filing a report is exactly what the scammers want. Telling people that the police and regulators won't do anything is exactly what the scammers want.
Coldfear, if you've got useful info, why don't you post it here so that everyone can take advantage of it?