Chinese Criminal Gangs Stole $1B From US Text Scams, DHS Reports
The Department of Homeland Security has uncovered a massive text scam operation generating over $1 billion for Chinese criminal organizations. Using sophisticated SIM farms and phishing tactics, these groups target vulnerable Americans with fake payment demands.
In a startling revelation from federal investigators, Chinese criminal gangs have systematically stolen more than $1 billion from American citizens through sophisticated text message scams over the past three years. The Department of Homeland Security has documented an extensive network of fraud operations originating from China that specifically target US phone numbers with deceptive payment demands.
