The United States and United Kingdom are teaming up to disrupt scam centers that steal billions through investment and romance fraud, with both countries agreeing to parallel investigations and shared enforcement actions. Their effort has already targeted Prince Group and Chen Zhi, while focusing on Chinese-run compounds operating across Southeast Asia. #PrinceGroup #ChenZhi #ScamCenterStrikeForce
Keypoints
- The U.S. and U.K. signed a memorandum to coordinate action against scam centers.
- Both countries will share information and run parallel investigations.
- The initiative targets Chinese gangs behind fraud operations in Southeast Asia.
- The Scam Center Strike Force is leading the U.S. response to cyber-enabled fraud.
- Prince Group was sanctioned, and about $15 billion in bitcoin linked to Chen Zhi was seized.
Read More: https://therecord.media/scam-compounds-coordination-us-uk-memorandum