Rising Global Scam Economy: Modernizing Federal Approaches to Protect U.S. from Foreign Fraudsters
Joint Economic Committee · March 25, 2026
A Joint Economic Committee hearing where federal law-enforcement and consumer-protection officials warned that industrial-scale scam operations—often tied to Southeast Asia and enabled by AI and cryptocurrency—are inflicting billions in annual losses; lawmakers pressed for a governmentwide strategy, a single reporting portal, stronger industry cooperation, and legal fixes to seize and return assets to victims.
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