US Sanctions More Prince Group-Linked Companies as Crypto Scam Network Crackdown Widens

TL;DR: US officials are pursuing the corporate structures behind online investment scams, not merely the wallets receiving stolen funds. On November 5, Treasury sanctioned four individuals and 41 entities it says supported the Prince Group transnational criminal organization, alongside an individual accused of managing another scam network. US officials are pursuing the corporate structures behind online investment scams, not merely the wallets receiving stolen funds. On November 5, Treasury sanctioned four individuals and 41 entities it says supported the Prince Group transnational criminal organization, alongside an individual accused of managing another scam network. The action links alleged digital asset fraud to offshore companies, nominee ownership and payment facilitators, showing why tracking a suspicious transaction is only one part of the investigative work.

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