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International Crackdown Dismantles 9 Crypto Scam Centers, 276 Arrested on April 29

GateNews
Enforcement Actions

According to the US Justice Department, a coordinated operation between the FBI, Dubai Police Department and Chinese Ministry of Public Security led to the arrest of at least 276 individuals and dismantled nine cryptocurrency investment scam centers on April 29. The operation targeted operators engaged in pig butchering schemes, a fraud tactic involving gaining victims’ trust before directing them to fake investment platforms.

Four individuals were charged with federal fraud and money laundering in San Diego: Burmese national Thet Min Nyi, and Indonesian nationals Wiliang Awang, Andreas Chandra and Lisa Mariam. The defendants allegedly managed or recruited for Ko Thet Company, Sanduo Group and Giant Company, which operated the scam centers.

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