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in Scam Awareness
seattletimes.com
· 2025-12-08
Charlotte Cowles, a finance advice columnist at New York Magazine, fell victim to a $50,000 scam involving fraudsters impersonating Amazon, the Federal Trade Commission, and the CIA who convinced her to withdraw money for "safekeeping" due to alleged identity theft and fraudulent accounts. The article debunks the scammers' tactics by confirming that Amazon never transfers customers to the FTC, the FTC never provides badge numbers or asks for financial information, and the CIA does not conduct domestic fraud investigations. The piece serves as an educational guide highlighting red flags and advising consumers to hang up on suspicious calls and contact companies directly through official channels.
patch.com
· 2025-12-08
Howell Township police warned residents of a surge in telephone scams targeting senior citizens, with scammers using common stories about unpaid bills (IRS or utilities) or relatives in legal or medical trouble to pressure victims into sending money via gift cards or arranging in-person cash pickups. Police emphasized that funds lost to these scams are typically unrecoverable and urged residents to be cautious and contact law enforcement if suspicious.
kiplinger.com
· 2025-12-08
Imposter scams are rising sharply, with people losing $2.7 billion to this fraud type in 2022 (up 14% overall from the previous year), as exemplified by financial columnist Charlotte Cowles who was scammed out of $50,000 by imposters posing as Amazon and CIA officials. The FTC has proposed new protections against impersonation fraud and warned that AI-generated deepfakes are making these scams increasingly sophisticated and convincing. Consumers are advised to monitor accounts regularly, never confirm personal information over unsolicited calls, and report suspected scams to the FTC.
theautopian.com
· 2025-12-08
Financial advice columnist Charlotte Cowles lost $50,000 to a sophisticated phone scam in which callers impersonated Amazon, the Federal Trade Commission, and the CIA, using personal information to convince her to withdraw cash and hand it to an undercover "CIA agent." The scammers obtained her Social Security number and family details, and instructed her not to tell anyone, ultimately leading her to place $50,000 in a shoebox and hand it through a car window. Cowles publicly shared her experience to raise awareness about how scams can target anyone, regardless of financial literacy or expertise, and to help prevent others from falling victim to similar schemes.
abc13.com
· 2025-12-08
Romance scammers are using AI-generated images and deepfake videos to defraud vulnerable victims seeking online relationships, with one man losing nearly $60,000 after being convinced to make an investment by a fake AI woman. Experts recommend detecting AI-generated scammers by asking personalized follow-up questions, looking for unnaturally smooth speech patterns, paying attention to inconsistencies in appearance (too-perfect skin, looping backgrounds), and noting reluctance to engage in real-time video calls or off-the-cuff conversations. If suspicions arise, victims should disengage gradually using vague language rather than directly calling out the scammer, to avoid providing feedback that could help frau
the-sun.com
· 2025-12-08
A Scottish car expert fell victim to a used car financing scam after purchasing a vehicle with an outdated V5 registration document; the seller retained the current document and used it to refinance the car while the expert owned it, allowing the scammer to profit from both the sale and the finance company. When the expert later sold the car to a friend, the friend discovered an outstanding loan against the vehicle and faced potential liability for thousands in repayments. To protect against this scam, buyers should use the DVLA's online V5 transfer tool immediately after purchase, conduct HPI checks, and verify the vehicle's MOT and tax status through official channels.
wcnc.com
· 2025-12-08
In 2022, 70,000 Americans lost a record $1.3 billion to romance scams—nearly double the $547 million lost in 2021—with scammers increasingly using AI, deepfakes, and voice cloning to deceive victims. North Carolina ranked 9th nationally, with 422 victims losing $18 million that year, including a Hickory therapist who sent $50 to a scammer posing as an African man seeking help before recognizing manipulation tactics like emotional appeals, requests for money, and guilt-tripping. Key warning signs include requests for unorthodox payments, emotionally manipulative pitches, false urgency, an
gulfcoastmedia.com
· 2025-12-08
The North Baldwin Chamber of Commerce and Better Business Bureau are hosting a free "Protect Yourself Against Scammers Summit" on March 7 for senior citizens in Bay Minette, Alabama. The educational event will cover major fraud schemes including government impostor scams, romance scams, identity theft, investment fraud, cryptocurrency scams, and Medicare fraud to help seniors recognize and avoid becoming victims.
wired.com
· 2025-12-08
A freelance finance writer fell victim to an elaborate impersonation scam in which scammers posing as an Amazon employee, FTC official, and CIA agent convinced her to withdraw and hand over $50,000 in cash to a stranger, using threats of arrest warrants and asset freezes to manipulate her into isolation and compliance. Security experts note that professional scammers use sophisticated social engineering tactics—including fear for family safety, appeals to emotion, and knowledge of personal details like Social Security numbers—to override victims' skepticism, and that anyone, regardless of sophistication, can be targeted by such schemes.
ntd.com
· 2025-12-08
The FBI warned Americans to exercise caution when scanning QR codes, as cybercriminals tamper with them to steal login credentials, financial information, and device access through malware. Scammers use malicious QR codes to direct victims to fake websites, redirect payments, or compromise personal devices, with no guarantee of fund recovery once stolen. The FBI recommends verifying URLs after scanning, checking for physical tampering on codes, avoiding app downloads via QR codes, and manually entering trusted URLs for payments instead of scanning unfamiliar codes.
krgv.com
· 2025-12-08
Romance scams cost Americans $547 million in reported losses in one year, with scammers creating fake profiles to build trust before requesting money, often via gift cards or wire transfers. Red flags include no profile pictures, pressure to move relationships quickly, inability to meet in person, and requests for payment; victims should stop contact immediately and report to the FTC or the dating platform.
kens5.com
· 2025-12-08
Business impersonation scams have surged since the pandemic, with scammers creating fake customer service numbers that appear at the top of Google search results, costing consumers $670 million in reported losses between 2022-2023 (a 48% increase). The author's 90-year-old mother nearly became a victim when the author called what they thought was her cable provider's legitimate customer service number found through Google and provided a credit card number to a scammer posing as a representative. To protect yourself, go directly to a company's official website to find verified contact information rather than relying on internet search results, and report any fraud to your bank, the FTC, the BBB
ncdoj.gov
· 2025-12-08
Imposter scams, where criminals pose as government agencies, law enforcement, or companies to threaten victims with arrest or legal consequences, cost Americans $2.7 billion last year. The article provides protective measures against these scams, emphasizing that legitimate government officials never contact people via phone or text demanding money or personal information, and warns that requests for payment through gift cards, wire transfers, or cryptocurrency are clear red flags indicating fraud.
kiplinger.com
· 2025-12-08
In 2023, scam victims lost over $10 billion—a 14% increase from 2022 and a new record—with the FTC receiving 2.6 million fraud reports where one in four people lost money (median loss of $500). Investment scams caused the largest losses at $4.6 billion (21% increase), followed by imposter scams at $2.7 billion, with the FTC advising consumers never to share private information with unsolicited callers and to be skeptical of unrealistic financial promises.
wcnc.com
· 2025-12-08
Tax scammers target vulnerable consumers, particularly those who cannot afford paid preparers, by promising inflated returns or free money. Tax officials and community organizations in Charlotte urge people to avoid unqualified preparers and recognize warning signs such as promises that seem too good to be true, requests for unorthodox payments, and artificial urgency. Community Link and other nonprofits offer free tax preparation services to residents with household incomes of $64,000 or less as a preventative measure against fraud.
staysafeonline.org
· 2025-12-08
This educational article outlines common election-related scams and fraud tactics targeting voters, including phishing emails impersonating campaigns or election authorities, spoofed government websites designed to steal data or collect fraudulent donations, voter suppression schemes spreading misinformation about polling locations and voting dates, fake voter registration drives collecting personal information, and robocalls spreading false election information or soliciting unauthorized donations. The article provides protective measures such as verifying sender legitimacy, using only official government websites with secure connections, consulting federal resources for voter registration and election information, and reporting suspicious activities to election authorities.
kttn.com
· 2025-12-08
Four California men have been indicted for operating a nationwide tech support fraud scheme targeting elderly victims, with Yu-Chieh Huang arrested as a courier after attempting to pick up $88,000 from a Missouri couple who were told their computer contained evidence of a crime. The scam, which operated from 2020 to 2023, involved Liang Jin and Kaiyu Wen directing couriers and recruiting individuals to fraudulently open bank accounts, resulting in approximately $7 million in fraudulent transactions before authorities intervened. One suspect, Kaiyu Wen, remains at large.
emissourian.com
· 2025-12-08
Three suspects were indicted in federal court in St. Louis for operating a nationwide tech support fraud scam targeting elderly victims, including a scheme where a 69-year-old Missouri couple was deceived into believing their computer was infected and coerced into paying $99,000 to prevent criminal prosecution. A related case involved a man posing as an FBI agent who defrauded an elderly Union man out of nearly $50,000 in gold by claiming his identity had been stolen, with similar scams occurring across Colorado and Oregon.
scdemocratonline.com
· 2025-12-08
Jeff Bank leaders discussed the rising prevalence of fraud and scams targeting their customers, particularly elderly individuals who are being defrauded of substantial sums of money. The bank has increased staff training on scam detection and conducted community outreach to vulnerable populations, while noting that scams often go undetected until money has already been sent. Common scams include the Microsoft pop-up scam, lottery fee schemes, the "grandma scam" involving emergency situations, and unsolicited requests for money through electronic channels or phone calls.
vancouver.citynews.ca
· 2025-12-08
Port Moody police reported three "grandparent" scams in a single day in February 2024, resulting in $12,000 in losses, where callers impersonated grandchildren claiming to need money for car repairs or legal fees. Victims were instructed to withdraw cash from banks and meet the suspects in person to exchange money, with police noting an additional incident the previous week where an elderly couple lost $21,000 under similar circumstances. Law enforcement warned that these scams are becoming increasingly sophisticated, with scammers using artificial intelligence to alter voices and impersonate family members more convincingly.
vindy.com
· 2025-12-08
Scammers impersonating utility company employees contact victims by phone or door-to-door, threatening to cut off services for unpaid bills and demanding immediate payment via wire transfer, gift cards, or cryptocurrency. Door-to-door scammers often work in pairs—one distracting the victim while the other steals valuables—and may falsely claim to replace faulty meters. To protect yourself, verify any service termination threat by calling your utility directly using a number you find independently, and report suspicious door-to-door visitors to police immediately.
michigan.gov
· 2025-12-08
**Summary:**
Michigan Attorney General Dana Nessel issued a fraud alert after scammers sent phishing emails impersonating her, claiming to help recipients whose tax refunds were being stolen but actually attempting to collect personal information. The fraudulent emails, sent from fake Gmail accounts with broken English and poor grammar, falsely claimed to address tax refund complaints and asked recipients for sensitive details. Nessel reminded consumers that government agencies do not collect federal tax debt via email or phone, and the IRS never demands immediate payment, threatens arrest, or requests personal information electronically.
thecut.com
· 2025-12-08
In October, the author—a financially literate journalist and New York Times columnist—fell victim to an elaborate impersonation scam that cost her $50,000 in savings. After an initial fraudulent Amazon customer service call, she was transferred to a scammer posing as a federal agent who claimed her identity had been compromised and her home was being monitored, pressuring her to withdraw cash and leave it on the street in a shoebox without telling anyone. The article challenges common stereotypes about scam victims, noting that younger adults are actually 34% more likely to report fraud losses than seniors, and that intelligence, education, and financial literacy provide no protection against sophisticated psychological manipulation tactics.
cbsnews.com
· 2025-12-08
Liza Likins, a former backup singer for Stevie Nicks, lost over $1 million in a romance scam on Facebook Dating after connecting with a man claiming to be named Donald living in Australia; she eventually sold her house to send him bail money before realizing it was a fraud. The scammer used photos stolen from German life coach Raho Bornhorst, who has discovered his images were used to create over 100 fake profiles targeting women. The FTC reported 70,000 romance scams in 2022 with $1.3 billion in losses, and experts advise users to avoid sending money to online contacts and to be suspicious of anyone
foxnews.com
· 2025-12-08
Financial columnist Charlotte Cowles lost $50,000 to an elaborate scam that began with a fake Amazon customer service call in October 2023, escalating through impersonation of FTC and CIA officials who convinced her that her identity had been stolen and she faced arrest warrants. The scammers persuaded her to withdraw cash from her savings account and hand it to an undercover "agent" by creating an increasingly elaborate false narrative with fabricated evidence. Cowles' experience serves as a cautionary tale that fraud targets people across all demographics and education levels, countering the stereotype that only vulnerable populations fall victim to such schemes.
cbs2iowa.com
· 2025-12-08
Steve Deines of Marion, Iowa lost thousands of dollars to overseas scammers who used phone harassment and pressure tactics to convince him to send money via gift cards and grant remote computer access. Local police emphasize that recovered funds are virtually impossible once transferred overseas, and they stress public education as the best prevention, advising people to avoid paying anyone with gift cards, ignore scare tactics and urgency demands, and verify requests through trusted contacts before taking action.
starherald.net
· 2025-12-08
Kate Kleinart, a 70-year-old victim, lost tens of thousands of dollars to a romance scam, reporting that the emotional loss of the fabricated relationship hurt more than the financial loss. The FTC received over 64,000 romance scam reports in the past year totaling $1.14 billion in losses, with scammers typically targeting lonely individuals by building false romantic connections before requesting money under false pretenses. Experts recommend protecting against these scams by: identifying red flags (exceptionally attractive profiles, quick romantic escalation, requests to use private messaging apps), using reverse image searches to verify photos, maintaining open family conversations about scams using an informative rather than authoritative
ktre.com
· 2025-12-08
Homeland Security Investigations raised awareness about the growing threat of romance scams, which targeted approximately 70,000 victims in the U.S. in 2023, with 90% being adults over 60. Scammers typically initiate contact online, build trust over 1-3 months, then request money, often operating from overseas locations where law enforcement has limited recourse. The agency recommends protecting personal information, verifying identities through image searches, and reporting suspicious activity to local law enforcement.
gcsynod.org
· 2025-12-08
In 2022, the FBI's Internet Crime Complaint Center reported 680 Arizona victims lost over $25.4 million to romance scams, with senior citizens accounting for 379 victims and $17.7 million in losses. Romance scams involve fraudsters building fake relationships to trick victims into sending money, personal information, or valuables. The FBI recommends verifying online suitors' identities, never sharing financial information or money with people met online, and watching for red flags such as reluctance to meet in person, requests to go offline quickly, or pressure to share inappropriate content.
reverejournal.com
· 2025-12-08
Revere police officers Kenan Resic and Pheachey Chhom prevented a $6,500 theft targeting a senior citizen couple through a "grandparent scam" where the perpetrator impersonated their grandson, claimed to be in jail, and requested bail money. The officers successfully identified and apprehended the courier (a hired Lyft driver) and recovered the stolen funds after the elderly couple provided vehicle information and surveillance video. The incident highlights the rising threat of elder fraud in the region, prompting the Suffolk County District Attorney's office to launch the Suffolk County Fraud Fighters program, a multi-agency initiative designed to educate and protect vulnerable residents across Boston,
goldrushcam.com
· 2025-12-08
Four California men were indicted in a nationwide tech support scam targeting elderly victims, with one serving as a courier collecting cash from victims under false pretenses of criminal prosecution. The scheme defrauded victims of millions of dollars between 2020-2023, including an $88,000 loss from a Missouri couple who became suspicious and alerted police; Yu-Chieh Huang (the courier) has been arrested, Liang Jin and Tsz Yin Kan have been apprehended, and Kaiyu Wen remains at large.
yakimaherald.com
· 2025-12-08
Romance scams have increasingly targeted younger age groups (people in their 20s and 30s) across dating apps and social media platforms, with reported losses reaching $469.9 million in 2023—a 104% increase from 2019. Scammers use fake profiles and AI-generated photos to build romantic connections before requesting money or personal information, exploiting victims' emotional vulnerability. To avoid romance scams, people should be wary of requests for money or banking details, watch for requests to switch communication platforms, and verify suspicious requests before responding.
thecut.com
· 2025-12-08
A journalist who lost $50,000 to an imposter scam in October shares lessons learned about sophisticated fraud tactics, interviewing victims and experts to understand how scams work. The article explains that anyone can be vulnerable to scams regardless of prior caution, and details how scammers use tactics like spoofed calls from government agencies, appeals to authority, and publicly available personal information to establish credibility and manipulate victims. Key prevention strategies include not answering calls from unknown numbers, recognizing fear-based and opportunity-based scam categories, and understanding that scammers exploit hardwired instincts to trust authority figures.
theweek.com
· 2025-12-08
The UK government launched the "Stop! Think Fraud" campaign to address the £6.8 billion annual cost of fraud, which accounts for 40% of crime and 3.2 million offenses in England and Wales. The campaign consolidates fraud prevention advice from multiple agencies and directs victims to support resources, while highlighting key scams including parcel delivery tricks, loan fee fraud, and authorised push payment (APP) scams that stolen £239.3 million in the first half of 2023.
cnbc.com
· 2025-12-08
In 2023, consumers lost a record $10 billion to fraud, with imposter scams being the most prevalent, affecting nearly 854,000 people and resulting in $2.7 billion in losses at an average of $800 per victim. Imposter scams involve criminals posing as trusted entities (government agencies, companies, relatives, or romantic interests) via email, phone, text, or social media to steal money or personal information, with emerging technologies like AI and voice cloning making these frauds increasingly convincing. Older adults, particularly those 80 and over, experience significantly higher median losses ($1,450) and are particularly vulnerable to "phantom hacker" tech-
ourtownny.com
· 2025-12-08
The FBI and FTC reported that romance scams cost Americans $740 million to $1.3 billion in 2022, with 19,000 to 70,000 reported cases involving victims who were manipulated into sending money to online romantic partners they never met in person. Scammers use fake personas tailored to victims' preferences and employ various pretexts—including fake emergencies, investment opportunities, and shipping fees—to extract money, relying on anonymity and victims' emotional vulnerability to evade law enforcement. The FBI advises online daters to verify profiles, watch for isolation tactics and money requests, and cease communication immediately with suspicious contacts.
deseret.com
· 2025-12-08
Scammers are targeting frustrated travelers on social media by posing as airline representatives, requesting personal and financial information through direct messages under the guise of helping rebook flights. Major airlines including JetBlue, United, and Southwest have acknowledged the problem and recommend customers verify account authenticity (looking for official checkmarks), use private messaging when contacting airlines, and report fraudulent accounts to social media platforms. Common travel scams also include "free" vacation offers requiring upfront fees and illegal robocalls promoting discounted travel deals.
lafocusnews.com
· 2025-12-08
In 2023, the FTC reported nationwide fraud losses reached an all-time high of $10 billion—14% more than 2022—driven primarily by larger per-victim losses rather than increased report volume, with a median loss of $500 per consumer. The top scam categories were imposter schemes (particularly business and government imposters), online shopping fraud, prizes/lotteries, investment fraud, and job opportunities, with investment scams generating the highest total losses at $4.6 billion despite being ranked fourth in frequency. The FTC warned that scammers are increasingly using artificial intelligence for voice cloning and deepfakes to impersonate trusted contacts, and advised consumers to be
justice.gov
· 2025-12-08
Four California men have been indicted for operating a nationwide tech support fraud scam targeting elderly victims, with one indictment originating from a case involving a 78-year-old Missouri man and his 76-year-old wife who were defrauded of $88,000. The scheme involved scammers posing as tech support workers who convinced victims their computers were infected or compromised, then used recruited couriers to collect cash payments; approximately $7 million in fraudulent transactions occurred between March 2020 and July 2023. Two defendants have been arrested, one remains in custody, and one is still being sought.
capecodtimes.com
· 2025-12-08
Robert Tobey, a Connecticut man with early-stage dementia, lost at least $5,000 to phone scammers between late 2018 and early 2019 who posed as friends, manipulating him into sending gift cards and money transfers and compromising his Social Security account. The article reports that scams affecting Cape Cod residents include romance scams, government impersonation schemes, sweepstakes scams, and grandchild-in-jail scams, with the National Council on Aging estimating five million older Americans lose $36.5 billion annually to fraud. Law enforcement warns that scams are constantly evolving and advise victims to hang up on suspicious calls
itbrief.co.nz
· 2025-12-08
Netsafe, a New Zealand charitable organization, launched Get Set Up for Safety, a nationwide educational program designed to help senior citizens protect themselves from online fraud and shopping scams through free guides, videos, and practical resources. The program, developed with partner Chorus and senior sector organizations, addresses a significant need identified in surveys showing nearly half of New Zealanders over 70 want to learn more about online safety and many require assistance with digital devices. Resources will be freely available through the Netsafe website, public libraries, community groups, and other public organizations.
local.aarp.org
· 2025-12-08
I cannot provide a summary of this content because it is not an article about a scam, fraud, or elder abuse. What you've shared appears to be a navigation menu/homepage structure from the AARP website, listing various sections and resources available to users (health, money, caregiving, games, travel, etc.).
To create a summary for the Elderus database, please provide an actual article or transcript that discusses a specific scam incident, fraud case, or elder abuse situation.
finance.yahoo.com
· 2025-12-08
A 71-year-old woman in Westlake lost $5,500 to a sophisticated scam in which a fraudster posing as a bank investigator convinced her to deposit money into a Bitcoin ATM, despite warnings from police and store employees who recognized the scheme. The scam began with a fake virus pop-up on her computer, escalated with false claims about illegal material, and manipulated her into transferring funds under the guise of protecting her savings. To protect yourself: be skeptical of unsolicited pop-ups and calls claiming security issues, never transfer money via cryptocurrency ATMs based on phone instructions, and trust warnings from officials and bystanders rather than callers claiming to be from your bank.
finance.yahoo.com
· 2025-12-08
Identity theft in the U.S. has dramatically worsened, with victimization rates nearly doubling from 43% to 78% in a single year, while concerns about AI-powered fraud schemes have surged to 90%, according to Debt.com's latest survey. Children have become prime targets, with 61% of respondents reporting that a child or family member had their identity compromised, up sharply from 23% the previous year, leaving families worried about long-term financial damage including credit score drops and fraudulent debt. To protect yourself and your family, experts recommend monitoring credit reports regularly, considering credit freezes for children, staying cautious with online relationships and investment opportunities, and reporting suspected identity theft immediately to authorities and creditors.
wicz.com
· 2025-12-08
# Holiday Scam Protection Summary
Senator Gillibrand has introduced legislation to combat scams targeting seniors, who account for about 30 percent of all scam-related losses and lose an average of $83,000 each when victimized. The proposed National Strategy for Combating Scams Act would require the FBI to develop a coordinated nationwide plan to fight fraud, with information shared in places seniors frequent like senior centers, hospitals, and banks. Seniors who encounter scams are encouraged to report incidents to the Senate Committee on Aging to help authorities track patterns and protect others.
shawlocal.com
· 2025-12-08
Two people were victims of scams on Facebook Marketplace: a retired man lost money trying to buy a classic 1970 Pontiac GTO that didn't exist (with forged documents and a fake dealership website), and a woman attempting to sell an air purifier encountered scammers. The incidents highlight how convincing these fraud schemes can be, with scammers using cloned websites, forged titles, and fake inspection reports to appear legitimate. To protect yourself, verify sellers through independent channels rather than relying solely on documents they provide, avoid wire transfers to unknown accounts, and research the actual business location before committing money.
ca.finance.yahoo.com
· 2025-12-08
Santander UK has reported nearly £50,000 stolen through beauty treatment scams in 2024, with fraudsters using fake social media profiles and messaging apps to lure victims—predominantly women—into purchasing counterfeit cosmetics and fake cosmetic procedures at unrealistically low prices. Once victims pay via bank transfer or payment links, the products never arrive or are counterfeit, leaving them with financial losses averaging £227 and potential health risks from fake treatments. To protect yourself, avoid deals that seem too good to be true, be skeptical of heavily discounted beauty treatments on social media, and only purchase from verified, legitimate retailers rather than private sellers on messaging apps.
4ni.co.uk
· 2025-12-08
Northern Ireland's Economy Minister is warning consumers about increased fraud during the Christmas shopping season, particularly online scams where fraudsters target busy holiday shoppers by stealing payment details, selling counterfeit goods, or taking money for undelivered items. To stay safe, consumers should only purchase from trusted sellers, exercise caution before sharing payment details, and take extra time to verify transactions before completing purchases online.
bbc.com
· 2025-12-07
Cambodian businessman Chen Zhi was charged in the US for allegedly orchestrating a massive cryptocurrency scam through his Prince Group, which operated at least ten fraudulent compounds in Cambodia that used forced labor to conduct online romance and investment fraud schemes targeting thousands of victims worldwide. The US and UK seized approximately $14 billion in bitcoin and froze assets including 19 London properties valued at over £100 million, with prosecutors describing the operation as one of the largest financial takedowns in history involving human trafficking, forced labor camps, and the use of phone farms controlling thousands of fake social media accounts to deceive victims into transferring cryptocurrency.
independent.co.uk
· 2025-12-07
UK and US authorities seized a record $15 billion in bitcoin and 19 luxury London properties in a joint crackdown on a criminal network operating romance scam centres across south-east Asia. The network, led by Cambodian businessman Chen Zhi and his Prince Holding Group, lured victims into fake romantic relationships and fraudulent cryptocurrency investment schemes, often employing trafficked foreign nationals forced to commit fraud under threat of torture. Romance scams cost the UK at least £92 million in 2023-2024, with over 8,000 reported cases that year.