US Sanctions More Prince Group-Linked Companies as Crypto Scam Network Crackdown Widens
On November 5, the U.S. Treasury sanctioned four individuals and 41 entities it says supported the Prince Group transnational criminal organization, as well as a person accused of running another scam network. The alleged activity includes digital-asset investment fraud and romance scams, supported by offshore companies, concealed ownership and payment facilitators. The action highlights that investigations must connect blockchain transactions with corporate records, beneficial owners and traditional financial intermediaries. Treasury said international cooperation helped link those records with on-chain evidence. The designations restrict dealings with named parties, though the announcement consists of allegations and does not establish that every customer or employee of related businesses was involved.
