Trump: $1.6B in Scam Losses Prevented, 20 Compounds Shut
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Trump: $1.6B in Scam Losses Prevented, 20 Compounds Shut
President Donald Trump said US authorities have prevented at least $1.6 billion in fraud losses during 2026 and warned more than 10,000 Americans targeted by criminal networks, as his administration expands its crackdown on overseas cryptocurrency investment scams and other forms of online financial fraud.Speaking at a White House cybercrime roundtable on October 21, Trump said federal investigations had made a "very big dent" in international s…
The US Announces the Dismantling of 20 International Fraud Rings, Preventing Losses of $1.6 Billion.
President Donald Trump announced that the US is stepping up its crackdown on international online fraud networks, while the FBI announced the dismantling of 20 criminal rings, preventing at least $1.6 billion in losses. Vietnam spoke on behalf of ASEAN at the Committee 4 on the impact of atomic radiation. The French President visited Saudi Arabia to promote energy and security cooperation. Iran and Russia pledged to strengthen strategic cooperat…
US President Trump announced the results of a large-scale crackdown on overseas fraud organizations. The FBI shut down 20 fraud sites, preventing $1.6 billion in losses. The crackdown also revealed the realities of cryptocurrency investment scams and fraud bases in Southeast Asia.
U.S. President Donald Trump said at the White House on Wednesday (October 21) that the government has taken "a strong hit" against foreign criminal networks that defrauded Americans of billions of dollars.
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