How Americans lost billions to online scams

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Francesca Regalado
New York Times Oct 25, 2025, 10:46 IST IST

The US, Britain and South Korea have joined a crackdown on groups running frauds from Southeast Asia. They have their work cut out

The Treasury Department says Americans have lost more than $16.6 billion to an online scam industry largely based in Southeast Asia that targets victims around the world.

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