This file photo shows bitcoin tokens in Sandy, Utah. Rick Bowmer/AP hide caption toggle caption Rick Bowmer/AP The U.S. government has seized bitcoin worth nearly $15 billion and charged a joint U.K.-Cambodian businessman, Prince Holding Group Chairman Chen Zhu, with wire fraud and money laundering. The Justice Department says the bitcoin is currently in U.S. government custody and calls the …
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The US government has seized 134.5 BTC, or $15 billion worth of Bitcoin, held by a man who ran a “pig butchering” fraud operation based in Cambodia. Per the DOJ, the alleged pig butcherer, Chen Zhi, is still at large. JUST IN: 🇺🇸 US Government seizes $15 billion worth of Bitcoin from ‘pig butchering’ scam based in Cambodia. — Watcher.Guru …
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Federal prosecutors have seized $15 billion from the alleged kingpin of an operation that used imprisoned laborers to trick unsuspecting people into making investments in phony funds, often after spending months faking romantic relationships with the victims. Such “pig butchering” scams have operated for years. They typically work when members of the operation initiate conversations with people on social media …
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Over the past five years, criminals behind widespread romance and investment scams—often inelegantly referred to as “pig butchering”—have stolen tens of billions from people around the world. Now law enforcement has carried out one of its biggest operations yet against that sprawling scam industry, targeting the operators of several modern slavery scam compounds in Southeast Asia—where, as a whole, hundreds …
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An indictment was unsealed today in federal court in Brooklyn, New York, charging UK and Cambodian national Chen Zhi, also known as Vincent, 37, the founder and chairman of Prince Holding Group (Prince Group), a multinational business conglomerate based in Cambodia, with wire fraud conspiracy and money laundering conspiracy for directing Prince Group’s operation of forced-labor scam compounds across Cambodia. …
Read More »Jared Decker was on his way to lunch when he received the phone call that kicked off a monthslong real estate nightmare. It was the fall of 2023, and the caller was an aggrieved local businessman in Tampa, Florida, who had just discovered thousands of dollars missing from his bank account. The property management firm Decker works for, the caller …
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Two former executives at the Los Angeles Film School allege in a lawsuit that the school has operated a massive student loan scam for years that involves arranging for thousands of fake job placements for its graduates. The executives also claim that the school, located on Sunset Boulevard in Hollywood, lied to the Department of Education during a 2017 audit …
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The internet contains multitudes. For every person willing to donate to a streamer with cancer to raise funds for their treatment, there’s a scammer looking for an opportunity to steal it all. That’s what happened to streamer ‘RastalandTV’, who was raising money for his cancer treatment on crypto streaming service pump.fun. A viewer hopped into his chat and asked him …
Read More »We set out to craft the perfect phishing scam. Major AI chatbots were happy to help. Reuters AI Chatbots Are Fueling A New Wave Of Digital Scams Finimize SpamGPT Cybercrime Toolkit Enables Large-scale Automated Phishing Campaigns In 2025 Dataconomy AI Service for Cyberattacks Emerges on the Dark Web ForkLog We set out to craft a phishing scam. AI chatbots were happy to help MarketScreener Source …
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Just when we thought Sony was finally improving the PS Store, another major scam has hit the storefront, conning players out of their money. This isn’t the first time we’ve seen a shady developer clone popular PC game Schedule 1, but this is the first time we’ve seen a listing with artwork that looks like it’s ripped from the original. …
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