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Sextortion syndicates in Asia and Africa are raking in millions from targets in places such as Britain, enabled by wire-transfer services and cryptocurrencies
This long-established payments company is modernizing its services and rewarding its investors with a nice dividend.
. A common theme in many scams, including phony lottery scams and the infamous grandparent scam, is that the criminals will require the victim to wire money. Once money has been wired it is impossible to trace or stop the payment. In response to this problem, the Federal Trade Commission filed charges against Western Union in 2017 and MoneyGram in 2009. According to the FTC, it wasn’t that these companies were active co-conspirators, but instead they turned blind eye to the fact that their services were being used by criminals. Both companies settled the FTC’s claims and agreed to make s...