The United States has taken coordinated action against a Southeast Asia-based scam and money-laundering network that officials say used forced-labor compounds and online investment fraud to steal billions of dollars from Americans.
The Treasury Department on June 23 sanctioned 35 individuals and entities linked to the Prince Group Transnational Criminal Organization, a Cambodia-based network that U.S. authorities say operated scam compounds and laundered illicit proceeds through shell companies and financial channels.
Huione Group is a Cambodia-based conglomerate that U.S. authorities say provided laundering services for scam proceeds, including through Huione Guarantee, also known as Haowang Guarantee.
The Justice Department separately announced the seizure of a cloud-computing account it says helped run Huione-linked laundering services used by scam operations….