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PaywallBuster | 4 months ago

Direct link to the indictment https://www.justice.gov/usao-edny/pr/chairman-prince-group-i...

Cambodia's specifically 30-50% of the economy can be directly attributed to scamming plus casinos

This one of the other organizations / major bank used for money laundering directly linked to Hun Sen

https://en.wikipedia.org/wiki/Huione_Group

> The company is linked to Cambodia's ruling Hun family, which includes the current prime minister, Hun Manet.[4] His cousin Hun To is a major shareholder and director of Huione Pay

discuss

order

yhager|4 months ago

> Cambodia's specifically 30-50% of the economy can be directly attributed to scamming plus casinos

Are you saying that 30-50% of Cambodia's economy can be directly attributed to scamming and casinos? I find that shocking and hard to believe. Do you have a source for that statement?

pyrale|4 months ago

First off, the amount seized was not necessarily made in a year.

Second, most of the money would not make it to the Cambodian economy. It is likely laundered abroad. The whole operation is likely multinational, with only the workforce located in Cambodia.

gordonhart|4 months ago

My first experience stepping off the plane in Cambodia was being scammed by the official issuing visas. It was $20, I gave him $50, and he didn't want to give any change back. Scams were the defining part of the tourist experience there.

vintermann|4 months ago

It's not hard to believe that a small country can have a vastly oversized economy due to finance - legal or illegal.

anticodon|4 months ago

Cambodia is a small country with no natural resources of any kind. Even to grow rice you need diesel for tractors and fertilizers that are produced from natural gas using energy (which Cambodia lacks).

There's very few opportunities for a small country without resources.

reverendjames|4 months ago

It's true. They have daily flights to Cambodia. Go there and look at it. It's all casinos and scams and dust.

shkkmo|4 months ago

The amount of bitcoin siezed here is about 30% of the Cambodia GDP...

senordevnyc|4 months ago

They don't have a source because it's total bullshit.

senordevnyc|4 months ago

Cambodia's specifically 30-50% of the economy can be directly attributed to scamming plus casinos

This is ridiculously false.