US Busts Myanmar Ring Targeting US Citizens in Financial Fraud
Some 29 people were charged, including a Cambodian senator, and authorities seized more than 500 Web domains tied to fake investment sites.
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Some 29 people were charged, including a Cambodian senator, and authorities seized more than 500 Web domains tied to fake investment sites.
Firms cooperating with cybercrime syndicates in Burma and Cambodia face sanctions by the US government and enforcement actions by China, but the scams continue to grow.
Greater collaboration between financial and law enforcement officials is needed to dismantle cybercrime scam centers in Cambodia, Laos, and Myanmar, which rake in tens of billions of dollars annually — and affect victims worldwide.