cryptocurrency fraud
The Rising Threat of Southeast Asian Scam Centers: How Criminal Networks Exploit Forced Labor for Global Fraud Operations
Nov 07, 2025 06:41 pm CST
Southeast Asian scam centers continue to flourish despite international crackdowns, with hundreds of thousands trapped in forced labor conditions while defrauding victims worldwide of tens of billions of dollars. Despite recent raids on facilities like KK Park along the Thai-Myanmar border, criminal networks quickly adapt and relocate, highlighting the challenges in dismantling these sophisticated transnational operations that target victims across the globe with investment schemes, romance scams, and fraudulent employment offers.
Fake Crime Branch Gang Busted in Indore After Cryptocurrency Extortion Scheme
Oct 14, 2025 09:18 pm CST
In Indore, Madhya Pradesh, authorities apprehended three men who posed as Crime Branch officers to extort cryptocurrency worth Rs 5.12 lakh from a trader. The suspects—Deepak Tiwari, Neeraj Tiwari, and Aman Lakhia—kidnapped the victim and his father while conducting a fake raid. Investigation revealed the accused had planned the operation after monitoring the victim's online trading activities, with two suspects having extensive criminal histories.
Colorado Man Loses $1.4 Million in Cryptocurrency Romance Scam After Meeting "Erin" on Ashley Madison
Sep 29, 2025 05:50 pm CST
A married Colorado man lost his entire $1.4 million retirement savings after falling victim to a cryptocurrency romance scam. After meeting "Erin" on Ashley Madison, he was manipulated into transferring funds to fake crypto platforms over six weeks. Law enforcement has tracked the funds to a cold storage wallet, but recovery remains unlikely. This case serves as a cautionary tale about online relationships and cryptocurrency investment schemes.
Enforcement Directorate Charges Raj Kundra with Possessing 285 Bitcoins Worth Rs 150 Crore in Cryptocurrency Fraud Case
Sep 27, 2025 03:35 pm CST
The Enforcement Directorate has filed a chargesheet against businessman Raj Kundra for allegedly possessing 285 Bitcoins worth Rs 150.47 crore received from crypto-scam mastermind Amit Bhardwaj. Despite claiming to be just a mediator, the ED asserts Kundra is the beneficial owner who has concealed wallet addresses and attempted to disguise the funds' criminal origin through transactions with his wife, actress Shilpa Shetty. The case relates to a larger Bitcoin Ponzi scheme that promised investors returns through mining operations that never materialized.