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Scam Alert

Beware! Crypto Scammers Enslave Job Seekers Abroad, FBI Warns

May 23, 2023 - Around 2 mins mins to read

Key Points:

  • FBI warns of fake jobs abroad that enslave victims for crypto scams.​
  • Victims are lured with lucrative benefits, salaries, and accommodation, but once they arrive in the country, they are forced to commit crypto scams online.
  • They are threatened with violence and have their passports confiscated. They are also told they must pay off mounting debt such as travel fees, room and board. These scams often target Asia-based victims.
The US Federal Bureau of Investigation (FBI) recently issued a public service announcement (PSA) warning citizens of the increasingly prevalent issue of fake job ads – crypto scammer that trick people into traveling to Southeast Asia.
Crypto Scammers Enslave Job Seekers Abroad, FBI Warns

Once there, they are held against their will and forced to participate in international crypto scams that target unsuspecting victims.

The FBI explained that the fake job ads could be anything from tech support, call center customer service, and beauty salon technicians. These ads offer tantalizing benefits, including high salaries and free accommodation, which are used to lure in potential victims.

Once the victims arrive in the country, their passports are confiscated, and they are threatened with violence unless they commit crypto scams online. In addition, the victims are told that they must pay off mounting debt, including travel fees, room and board, and other expenses. In some cases, their debt gets worse when they are sold to other criminal groups.

These types of scams mostly target Asia-based victims. Unfortunately, reports of crypto scam rings using enslaved individuals to run fake crypto ICOs and scams regularly surface. For example, in November, Protos reported that thousands were enslaved in Cambodia by Chinese crime rings to run fake crypto ICOs and scams. This issue is a growing concern and should be taken seriously by law enforcement agencies and the public alike.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Annie

Coincu News

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Author

Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.
Scam Alert

Beware! Crypto Scammers Enslave Job Seekers Abroad, FBI Warns

Key Points:

  • FBI warns of fake jobs abroad that enslave victims for crypto scams.​
  • Victims are lured with lucrative benefits, salaries, and accommodation, but once they arrive in the country, they are forced to commit crypto scams online.
  • They are threatened with violence and have their passports confiscated. They are also told they must pay off mounting debt such as travel fees, room and board. These scams often target Asia-based victims.
The US Federal Bureau of Investigation (FBI) recently issued a public service announcement (PSA) warning citizens of the increasingly prevalent issue of fake job ads – crypto scammer that trick people into traveling to Southeast Asia.
Crypto Scammers Enslave Job Seekers Abroad, FBI Warns

Once there, they are held against their will and forced to participate in international crypto scams that target unsuspecting victims.

The FBI explained that the fake job ads could be anything from tech support, call center customer service, and beauty salon technicians. These ads offer tantalizing benefits, including high salaries and free accommodation, which are used to lure in potential victims.

Once the victims arrive in the country, their passports are confiscated, and they are threatened with violence unless they commit crypto scams online. In addition, the victims are told that they must pay off mounting debt, including travel fees, room and board, and other expenses. In some cases, their debt gets worse when they are sold to other criminal groups.

These types of scams mostly target Asia-based victims. Unfortunately, reports of crypto scam rings using enslaved individuals to run fake crypto ICOs and scams regularly surface. For example, in November, Protos reported that thousands were enslaved in Cambodia by Chinese crime rings to run fake crypto ICOs and scams. This issue is a growing concern and should be taken seriously by law enforcement agencies and the public alike.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Annie

Coincu News