New Scam Center Strike Force Battles Crypto Investment Fraud
U.S. Department of Justice | Strike Force teams focus on identifying, pursuing, and bringing key leaders to justice and preventing U.S. infrastructure from being weaponized against American citizens.
Google Lawsuit Targets Massive Text-message Phishing Scams
CBS News | Google is filing a federal lawsuit against a network of foreign cybercriminals accused of launching massive text-message phishing attacks.
Meta Earns Billions on Scams and Fraud
Reuters Special Report | Meta platforms display 15 billion scam ads a day. In fact, Meta projected that 10% of its 2024 revenue would come from ads for scams and banned goods.
California Cracks Down on Crypto Kiosk Operators
CA.gov | California has taken action against multiple crypto kiosk operators for violations including excessive fees and exceeding the state’s $1,000 daily transaction limit.
Congress finally has a blueprint to stop China’s online scams
The Hill | Fraud experts outline the significance of the DOJ indictment of Chen Zhi and what must be done to fight industrialized scamming run by organized crime.
SpaceX says it has cut Starlink services to Myanmar scam camps
BBC | SpaceX says it has cut Starlink satellite communication links used by scam compounds in Myanmar tied to the multibillion-dollar scam industry.
Trafficking of East Africans into Scam Operations
Freedom Collaborative | A new report documents how East African nationals are being deceived and forced into criminal activity within Southeast Asia’s scam industry.
The Global Effort Behind Prince Group’s $15B Forfeiture
TRM Blog | TRM breaks down the recent indictment of the chairman of Prince Holding Group for crimes related to the operation of forced-labor scam compounds across Cambodia.
Cambodia Site Tied to $15B Crypto Scam Seizure
ABC7 | Operation Shamrock’s Erin West describes her visit to the site of a scam compound implicated in the DOJ’s $15B seizure from a cyber fraud operation.
Perspective on DOJ Indictment of Scam Compound Leader
NBC Bay Area | The Department of Justice has indicted the leader of a sophisticated crime network for operating scam compounds in Myanmar.
Global scam attempts grew 65% over the past year
Security Brief Australia | Scam attempts have risen 65% globally over the past year, according to BioCatch. GASA estimates that consumers lose $1.03 trillion to scams annually.
How Crypto ATM Providers Profit from Scams
CNN | Every day, scammers manipulate people into believing they owe money. The scammers direct them to crypto ATMs to pay. And the owners of those machines profit.
Congress Committee Investigates Starlink over Myanmar Scam Centers
The Guardian | Starlink has become Myanmar’s biggest internet provider. A US Congress committee is investigating the activity of Elon Musk’s business in providing internet access to scam centers.
Chairman of Prince Group Indicted for Operating Scam Compounds
US DOJ Press Release | Chairman of Prince Group indicted for operating Cambodian forced-labor compounds engaged in crypto scams. DOJ files forfeiture action against about $15 billion in Bitcoin.
Myanmar scam centres booming despite crackdown, using Musk’s Starlink
The New Indian Express (AFP) | Despite a crackdown that was supposed to shut down Myanmar scam centers, they’re growing — and Starlink’s presence in the compounds has increased.
Dad lured to Bitcoin ATM by scammer claiming to be son
ABC7 - KGO | The voice on the phone sounded like his son. He’d been arrested. An attorney directed him to pay a $15,000 bail at a nearby Bitcoin ATM. But it was a scam.
How scammers use crypto ATMs to launder millions from victims
CBC News | An investigation of the crypto ATM industry in Canada showed that the machines have become the main way scammers get money from fraud victims in Canada.
Scams in the Age of AI and How to Avoid Them
KALW Public Radio digs into the reality of scams in the age of AI with an interview with AARP’s Amy Nofziger and Operation Shamrock’s Founder Erin West.