American families defrauded of billions of dollars (symbolic photo)
Digital Desk, New Delhi. US senators in Washington have presented a shocking report warning that scam networks linked to China are defrauding American families of billions of dollars.
During the hearing of the Senate 'Aging Committee', senators described this threat as a major challenge to national security. Senators are now preparing to introduce bipartisan legislation to stop this international fraud and human trafficking, so that these 'monsters' operating from foreign soil can be cracked down on.
Loot of 4.8 billion dollars annually
Senate Committee Chairman Rick Scott said that according to FBI data, in the year 2024, elderly Americans have lost more than $ 4.8 billion to fraud. He said this was not a minor crime but a 'shocking' figure snatching away savings built up through decades of hard work.
According to the report 'Age of Fraud', these scammers are targeting retirees, defrauding them of their savings built up over decades and devastating families across the country. China's role and international networks Senator Scott alleged that China is allowing these criminal infrastructures to flourish.
He claimed that these networks depend on Chinese platforms and payment channels and in many cases have the support or tacit consent of the Chinese government. These networks are setting up their bases in countries like Myanmar, Cambodia and Laos.
Human Trafficking and Crypto Trap: The hearing also revealed the fact that many people working in these scam compounds are themselves victims of human trafficking. They are forcibly held hostage and forced to defraud American citizens. These gangs primarily transfer funds using cryptocurrencies, making it difficult for law enforcement agencies to pursue them. (With inputs from news agency IANS)
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