US President Trump: We Struck a Major Blow Against Foreign-Based Fraud Networks
Speaking at a cybersecurity event at the White House, President Donald Trump announced that they have made significant progress against the fraudulent activities of foreign criminal networks targeting Americans.
US President Donald Trump stated at a cybersecurity event held at the White House that his administration has struck a "very major blow" against investment scams run by foreign criminal networks targeting Americans.
FBI Director Kash Patel announced at the event that 20 scam centers worldwide have been dismantled. Trump stated that federal law enforcement agencies warned more than 10,000 Americans this year regarding attempted scams targeting them and prevented at least $1.6 billion in losses.
According to FBI reports, more than 1 million complaints were filed last year regarding internet-based scams, marking a 17 percent increase compared to 2024. Held ahead of the November midterm elections, the event featured administration officials highlighting ongoing efforts specifically against overseas-based cryptocurrency scams.
Sources
- usnews.com · Link