Tag: romance scam
4 articles
US Extradites Black Axe Leaders, Disrupts Global Romance Scam Network
In a major blow to international crime, the US has extradited five leaders of the notorious Black Axe gang, accused of running a global romance scam network, from South Africa to face federal charges. The extradited men, originally from Nigeria, were arrested in 2021 and will face court in New Jersey.
US Disrupts Xinbi Guarantee Scam Network, Freezes $52.8 Million in Crypto
The US government has struck a major blow against a massive crypto scam network, freezing $52.8 million in cryptocurrency and dismantling a key online marketplace used to launder billions of dollars stolen from American victims. This crackdown is a huge win in the fight against pig butchering romance scams, a notorious scheme that has been draining the wallets of unsuspecting Americans.
AI-Enhanced Phone Farms Enable Low-Cost Fraud at Scale
Meet the phone farm kit, a game-changing tool that lets scammers run hundreds of conversations at once, making it ridiculously easy to commit low-cost fraud at scale. With just a subscription and a prompt, romance scams can now be executed on a massive scale, no longer limited by human labor.
Romance Scammers Pocket £102M via Cyber Deception Tactics
Romance scammers made off with a staggering £102 million in the UK last year, using their silver tongues to swindle victims out of their hard-earned cash. Their tactics, cloaked in sweet talk and false affection, ultimately led to a £102 million payday.