JOURNAL ARTICLE

US 'Strike Force' to Combat Scam Centers in Southeast Asia.

  • Published In: Bloomberg.com, 2025. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Heijmans, Philip J. 3 of 3

Abstract

The article discusses the establishment of a new "Scam Center Strike Force" by the US Justice Department to address the rise in cryptocurrency investment fraud perpetrated by transnational criminal organizations in Southeast Asia. This task force aims to investigate and prosecute schemes that defraud Americans of nearly $10 billion annually, often involving fake cryptocurrency platforms. The initiative involves collaboration among various US agencies, including the FBI and Secret Service, and has already led to significant cryptocurrency seizures. Additionally, the article highlights the involvement of criminal networks in countries like Cambodia, Laos, and Myanmar, and the international pressure on these nations to combat such operations. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2025/11, pN.PAG
  • Document Type:Article
  • Subject Area:Law
  • Publication Date:2025
  • Accession Number:189335681
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