Americans have lost billions to online scams. How is that possible?


The United States, Britain and South Korea have joined a crackdown on groups running frauds from South-East Asia. They have their work cut out. — Pixabay

The US Treasury Department says Americans have lost more than US$16.6bil (RM70.11bil) to an online scam industry largely based in South-East Asia that targets victims around the world.

Scam centres rely on forced labor, and they proliferated during the pandemic. By some estimates they take in at least US$64bil (RM270.33bil) a year.

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