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Crypto Scam Networks Targeting Americans Dismantled in Global Sting, 270+ Arrested
- Led by the United Arab Emirates Ministry of Interior and Dubai Police, an international crackdown resulted in 275 arrests and dismantled multiple scam centers targeting Americans with cryptocurrency investment fraud schemes.
- Defendants allegedly managed groups known as "Ko Thet Company," "Sanduo Group," and "Giant Company," which operated "pig-butchering" schemes building trust through fake relationships before convincing victims to invest in fraudulent platforms.
- Prosecutors in the Southern District of California charged Thet Min Nyi, 27, of Myanmar; Wiliang Awang, 23, of Indonesia; Andreas Chandra, 29, of Indonesia; and Lisa Mariam, 29, of Indonesia with wire fraud and money laundering conspiracy.
- U.S. Attorney Adam Gordon for the Southern District of California stated, "These scammers thought they were safe half a world away," while "global crime now faces global justice."
- FBI-San Diego continues investigating the Tai Chang Scam Enterprise in Burma, while Operation Level Up, launched in 2024, notified nearly 9,000 victims and prevented an estimated $562 million in losses.
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Global task force dismantles 'pig-butchering' crypto fraud rings preying on Americans
An FBI-coordinated international operation dismantled nine cryptocurrency scam centers and led to 276 arrests, targeting pig-butchering schemes that stole millions from Americans.
·New York, United States
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leprogres.fr+3 Reposted by 3 other sources
This large-scale operation was carried out in close cooperation with the FBI and the Chinese police. Most of the individuals arrested are from countries in South-East Asia.
Most of the members come from Southeast Asian countries, according to Dubai police, who worked in collaboration with the FBI and the Chinese police.
·Paris, France
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Total News Sources31
Leaning Left2Leaning Right5Center6Last UpdatedBias Distribution46% Center
Bias Distribution
- 46% of the sources are Center
46% Center
15%
C 46%
R 39%
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