Source: United States Department of Justice Criminal Division
SAN DIEGO – Unprecedented cooperation between the FBI, Dubai Police Department, and Chinese Ministry of Public Security has resulted in the arrest of at least 276 individuals and the dismantlement of at least nine scam centers used for cryptocurrency investment fraud schemes. These centers targeted Americans who have suffered millions of dollars in losses from such schemes. This international crackdown last week was spearheaded by the Dubai Police, under the United Arab Emirates (UAE) Ministry of Interior. Among the 275 arrested by Dubai authorities were three defendants charged in the Southern District of California with federal wire fraud and money laundering charges. An additional person was arrested by the Royal Thai Police.