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Bloomberg
29 minutes ago
- Bloomberg
Why Asia's ‘Scamdemic' Is Everyone's Problem
Save What do a Chinese actor, an Illinois widow, and a young Vietnamese man have in common? They're all victims of scams — once an annoying and seemingly random crime that has scaled up into a global business that cost the world a trillion dollars last year. The breadth of the industry stretches far and wide, stemming from forced labor gulags in the gray-zone borderlands of Southeast Asia. This is a crisis run by international crime syndicates that no single nation can solve, despite many previous efforts. Ending it will require the US and China to put rivalry aside and cooperate in a region where they both exercise huge influence. The alternative? This shadowy industry will only grow bolder, and harder to stop.

Wall Street Journal
3 hours ago
- Wall Street Journal
Stop Banking Scammers by Blocking Fake Ads
'Scam Victims Point Finger at Banks' tells the story of a couple who lost their life savings and then sued their bank (Markets & Finance, July 21). How did the scam begin? The victim responded to an online investment ad that put him in touch with a scammer. What if the criminal couldn't place the fake ad in the first place? Stopping scams at the source by blocking fake financial ads isn't fantasy. Google has squashed such ads in the U.K. since 2021 by requiring financial advertisers to be on an authorized list. Google boasts that this policy led to a 'pronounced decline in reports of ads promoting financial scams.' Google's success in the U.K. has led it to expand verification of financial services ads to 17 countries.


CBS News
5 hours ago
- CBS News
Homicide investigation underway after woman fatally shot, 2 injured in Fort Worth, police say
A woman was fatally shot while inside a vehicle early Sunday morning, and two more victims are in the hospital, the Fort Worth Police Department said. At about 3:45 a.m., officers were called to the 1800 block of E. Robert Street in response to the shooting. Officers said a woman was found dead from gunshot wounds. Police said two more gunshot victims showed up to the hospital to be treated and are believed to be connected to this case. The names of those involved in the incident have not been released at this time. Fort Worth PD said the investigation is ongoing and the homicide unit was notified.