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Thai Forces Uncover $12.5 Billion Fraud Operation

3/15/2026

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Story summary
  • A compound on the Thai-Cambodian border resembling a bank is linked to fraud schemes across Asia, Australia, and South America.
  • Thai forces seized site after border clashes, saying it was used for illegal operations.
  • Documents show a well-organized scam operation generating about $12.5 billion annually in Cambodia.
  • Scammers used impersonation of police and emotional manipulation to lure victims.
  • Cambodia pledged to combat cybercrime but has not addressed the workers' fate.