The US Treasury sanctioned four people and 41 companies tied to Cambodia’s Prince Group and a Madagascar network that defrauded Americans of over $400,000.
PHNOM PENH (Cambodia): The United States has imposed sanctions on dozens of companies and individuals linked to an alleged Cambodia-based cyberscam group and a network in Madagascar that targeted Americans.
The US Treasury Department announced sanctions on Thursday on four people and 41 companies tied to the Prince Group, a Cambodian firm accused of running a billion-dollar scam operation.
The Southeast Asian country has emerged as a hub for crime syndicates running fake romantic relationship and cryptocurrency investment schemes in which scammers — some willing, others trafficked — defraud internet users around the world.
