NCDOJ warning of nationwide rise in scam calls

NCDOJ warning of nationwide rise in scam calls

CHARLOTTE, N.C. (QUEEN CITY NEWS) -- The Department of Justice is urging North Carolina’s Chinese-American community to be wary of robocalls from scammers speaking Chinese and pretending to be government officials, law enforcement officers, or healthcare workers. There has been a nationwide rise in scam calls, where scammers seek out Chinese speakers and try to con them out of personal information or money. Scammers will pretend to be employees …

Chinese Fraud Network Laundered $6M In USDT

Over $6 million USDT (Tether) was stolen from more than 66,800 Indian victims. This was carried out by a sophisticated Chinese fraud network, which was revealed in a newly published investigation report.  Renowned for its consistency and regular use in crypto trading, crypto evolved into the preferred weapon for laundering illegal money via a web of cunning plans and cross-border digital wallets. This fraud fuels mounting worries about the use o…

Chinese court sentences nine for defrauding 66,800 Indians in $6M crypto telecom scams

The People’s Court of Heze Economic Development Zone in Shandong Province, presided by Judge Liu Xilei, has cracked down on a $6. 2M USDT fraud ring that targeted around 66,800 Indians. The court also sentenced nine Chinese fraudsters to prison terms ranging from five to fourteen years.

Nine Sentenced for Defrauding Indians of $6 Million in USDT

Nine crypto fraudsters were sentenced for scamming 66,800 Indians of $6 million.   The scammers promised high returns but froze funds after large investments were made.   Authorities continue to urge caution against easy money schemes and fake investments. A local court in China has sentenced nine individuals to prison terms ranging from five to fourteen years for orchestrating a massive cryptocurrency scam. The fraudsters targeted over 66,000 I…

China Jails 9 for Rs 51.7 Crore Telecom Scam Targeting Indians

A Chinese court has sentenced nine individuals to prison for their involvement in a large-scale online and telecom scam that targeted Indian citizens. The case, reported by Global Times, revealed that the group cheated 66,800 Indians and stole around Rs 51.7 crore (roughly $6.2 million) using fake investment platforms and social media tricks. The mastermind of the operation, a man identified by his surname He, started the telecom scam in May 202…

Chinese fraud ring laundered over $6m in Tether's USDT from 66,800 Indian victims: report

A Chinese court sentenced nine individuals for running a telecom fraud ring that defrauded over 66,000 Indian victims and reportedly laundered proceeds through Tether’s USDT. Nine individuals have been sentenced to prison in China for their roles in a telecom…