US sanctions Prince Group scam affiliates
Original title: US issues more sanctions against Prince Group scam center affiliates
Treasury Department sanctioned four people and 41 companies tied to Prince Group scam operations in Cambodia and Africa.
The Treasury Department sanctioned four people and 41 companies linked to the Prince Group for operating scam compounds. Prince Group ran hundreds of compounds in Cambodia forcing workers and human trafficking victims to conduct cyberscams stealing billions from US, European, and Chinese victims. The sanctions target shell companies and facilitators laundering funds from previous scams. Chui Kok Wa was sanctioned for leading a scam compound in Madagascar that stole $516,695 from 74 cryptocurrency wallets.
- Fourth round of sanctions against Prince Group
- More than $15 billion cryptocurrency confiscated
- Chui Kok Wa indicted for Madagascar scam compound
- Stolen $516,695 from 74 wallets
- Organizations
- Prince GroupUS Treasury Department
- Countries
- CambodiaMadagascar
From the original article
4 min read at therecord.mediaThe sanctions target four people and 41 companies linked to the Prince Group — a Cambodian company accused of running a billion-dollar scam operation.
therecord.media
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