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Opinion - Scammers are open for business. Washington isn’t.
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Later, you see an ad for a celebrity-endorsed crypto investment on social media.
According to United Nations estimates, this scam workforce includes 300,000 laborers from 66 countries, nearly half of whom are kept within scam compounds in Myanmar and Cambodia.
Scam investment ads litter social media, and platforms fail to crackdown since they profit from the ad revenue.
Finally, social media platforms, digital advertisers, and back-end call routing companies (distinct from consumer facing carriers) must be held accountable.
These actors are the passive beneficiaries of the fraud economy: platforms profit from fraudulent advertising and intermediary telecoms profit from carrying fraudulent calls.