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News in English (USA) / 05.11.2025 / 18:00

Major Crackdown on Cyber Scams and Fraud Syndicates in Asia

In a significant series of actions across Asia, prosecutors have seized luxury assets including yachts and cars linked to individuals accused of running extensive cyber scam operations out of Cambodia. One prominent suspect, identified as a kingpin in a transnational fraud network, faces scrutiny as assets worth over $500 million have been frozen in Hong Kong and Singapore due to connections with alleged cryptocurrency scams. Taiwan has also reported detaining 25 people and seizing around NT$4.5 billion as part of its investigation into the notorious Prince Group, which is under investigation for large-scale fraud activities. Additionally, Singapore has revoked tax incentives for family offices associated with the Prince Group amid growing concerns about their financial dealings and links to scams. Overall, the crackdown highlights a concerted effort by authorities in multiple regions to dismantle networks engaged in cyber fraud and related crimes.
NPR, Bloomberg.com, Focus Taiwan, CNA, the-independent.com, South China Morning Post, The Derrick, The Lufkin Daily News, WSLS, Yahoo News Singapore