5 posts tagged with "fraud"

The Wall Street Journal's article in 2024 about the growing problem of "pig butchering" scams, and a California prosecuter who is beginning to have some success against the criminals.

A multibillion-dollar cyberfraud industry in Southeast Asia enslaves and tortures trafficked individuals, forcing them into online scams, as revealed through the harrowing story of an Ethiopian IT professional's escape from captivity.

This 2024 Wall Street Journal article sheds light on a prevalent and deeply troubling scam, in which perpetrators exploit the loneliness and emotional vulnerability of their victims. Through calculated manipulation, these scammers gain trust under the guise of romance, ultimately defrauding individuals of hundreds of thousands of dollars, leaving them financially devastated.

China is intensifying efforts to dismantle global scam operations run by crime syndicates in Southeast Asia, which exploit human trafficking victims to deceive individuals worldwide, including many Americans, into fake investments, recovering thousands of suspects but facing challenges as these lucrative scams shift to other lawless regions.