Overview
- The Strike Force, led by the U.S. Attorney for D.C. with DOJ, FBI and the Secret Service, will target major scam hubs in Burma, Cambodia and Laos.
- OFAC designated the Democratic Karen Benevolent Army, four DKBA leaders, Trans Asia, Troth Star and Thai national Chamu Sawang for supporting scam operations.
- Officials reported seizures of over $400 million in cryptocurrency, with actions filed to forfeit another $80 million for return to victims.
- Authorities describe forced labor in scam compounds, including debt bondage and violence, as networks groom victims then funnel deposits to fake investment platforms.
- U.S. estimates put American losses at least at $10 billion in 2024, with today’s actions building on October’s Prince Group case to intensify coordinated disruption.