The Trump administration has linked more than 100 companies and individuals in Southeast Asia to online investment scams that have fled US billions of dollars in recent years.
In collaboration with the Treasury-British Department, Mangal was banned from organizations affiliated with the Prince Holding Group based in Cambodia, alleging that the targeting of Americans was a vast criminal network.
The Treasury also went to the “Sever” of the collective housing group of financial services based in Cambodia from the US financial system, and the group alleged that “malicious cyber -actors laundered virtual currency scams and laundered income.”
The Treasury statement on Tuesday said that in recent years, online scams have taken more than $ 16 billion in the United States, resulting in a scam in Southeast Asia, resulting in a loss of at least $ 10 billion in just 2024. It added that scams like the Prince Group were “especially important” in the loss of 66 % of the losses from last year.
“US citizens have cost billions of dollars at the rapid rise of international fraud, which has ended life -saving in minutes,” Treasury Secretary Scott Bresn said in a statement.
Treasury’s foreign assets office controlled the Prince Holding Group as well as 146 people and companies. Among the victims, the chairman and chief executive, Chen Xi, Cambodian, a Cambodian citizen, who was the victim of an illegal criminal offender for the eastern district of New York on Tuesday.
Treasury’s Financial Crimes Enforcement Network Targeted Huione Group for Laundering Proceds “Pig Butchering” Scams – in Southeast Asia, the Treasury Statement Said.
Picture: Photographer: Sean Gallop/Getty Images
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