Asian scam operations are hauling in $40 billion every year from bogus romance schemes and investment pitches. Now they’re spreading around the world

Quick Summary:

Transnational organized crime groups in East and Southeast Asia are spreading their lucrative scam operations across the globe in response to increased crackdowns by authorities.

Asian crime syndicates have been expanding operations deeper into remote areas with lax law enforcement that are vulnerable to the influx, according to the report issued by the U.N.

The report also points to crackdowns on Asian-led scam centers in the Middle East and some Pacific islands.

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Article Details

Author / Journalist: The Associated Press, Grant Peck

Category: EconomyBusiness

Markets: United StatesMyanmarOman

Topics: Scammers Asia United Nations Scam Scams

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-21 @ 16:25:28 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 555 words

Reading Time: 4 minutes read

Sentences: 6 lines

Sentence Length: 93 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 28105353

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About Fortune

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Official Website: fortune.com

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