Latest Global Initiative Against Transnational Organized Crime News & Updates

Americans Lose Billions to China-Linked Scam Networks, Congressmen Warn

By

Washington, May 20, (IANS) Americans lost at least $10 billion in 2024 to China-linked scam networks operating from Southeast Asia, top Congressmen have alleged warning that this fraud ecosystem has grown into a national security threat. House Select Committee on China Chairman, John Moolenaar said the scams were being run at “industrial scale” by criminal groups linked to China and enabled by corruption, weak governance and illicit finance.“These victims are our families, neighbours and f…