US, UAE and China joint effort dismantles 9 crypto scam centers

In another police action, European police arrested ten people and took down three scam centers, estimated to have stolen over $58 million from victims around the world.

A Dubai police-led international crackdown on scam rings last week resulted in the arrest of 276 individuals and the shutdown of at least nine crypto scam centers, the US Department of Justice revealed on Wednesday. 

In a joint operation with the FBI and China’s Ministry of Public Security, Dubai authorities arrested 275 people, with an additional person arrested by the Royal Thai Police. 

Six people have been charged in connection with the scam centers. Four of the defendants and two fugitive co-conspirators were charged with federal fraud and money laundering in federal court in San Diego, according to the DOJ. If convicted, each offense carries a potential sentence of up to 20 years in prison and hefty fines.

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