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San Diego:  US works with Dubai and Chinese Ministry of Public Security to take down a set of crypto romance fraud call centers in Dubai

  • 275 arrested
  • Four wanted in San Diego arrested; one Burmese, three Indonesians

Washington: US Scam Center Strike Force announces major actions against Scam Compounds

  • Shunda Compound in Burma operated doing crypto romance fraud
  • Two Chinese men charged and arrest warrants issued
  • $701 million in crypto seized
  • Telegram channel used to recruit was seized
  • 503 scam domains seized

New FTC Data Spotlight on Frauds that begin on Social Media

  • Eight times higher than in 2020
  • 30% of scammer contacts began on social media
  • Reported losses from these $2.1 billion
  • Online shopping was 40% of this
  • Followed by crypto romance frauds and romance frauds

In joint action, Germany and Switzerland arrest 10 in raid on black axe gang for romance fraud and money laundering; includes Regional Head

Canada plans nationwide ban on Bitcoin ATM’s

Full report here