A new UNODC report reveals online scams, primarily investment fraud, cost victims an estimated US$88.3 billion to US$114.1 billion last year, a significant increase from 2023. Authorities in an unspecified region are reportedly cracking down on this illicit industry under pressure from the United States, Britain, and China.
Thai police are searching for couple Mauerberger and Cattaliya Beevor, wanted for fraud and money laundering related to a decade-old investment scheme. Nearly $700 million in assets, including a superyacht named Atlas, have been seized and will be auctioned.
Federal prosecutors secured a prison term for a Saipan woman who defrauded elderly victims through a fake Bitcoin investment scheme
A sophisticated investment scam operating for over three years collapsed abruptly, leaving victims across the globe with total losses approaching 100 billion ringgit (US$25 billion). The scheme promised steady 5% fortnightly returns, encouraging investors to pour in their savings before the sudden collapse.
