SS: The U.S. has sanctioned Cambodian tycoon Ly Yong Phat, his company L.Y.P. Group, and several properties for their involvement in forced labor tied to online investment scams. These scams often exploit workers in horrendous conditions, with victims trapped in criminal operations. The sanctions aim to promote accountability and disrupt these abuses, which have led to billions in losses, particularly from cryptocurrency scams. The U.S. has further called on Cambodia to release victims and hold perpetrators accountable.
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SS: The U.S. has sanctioned Cambodian tycoon Ly Yong Phat, his company L.Y.P. Group, and several properties for their involvement in forced labor tied to online investment scams. These scams often exploit workers in horrendous conditions, with victims trapped in criminal operations. The sanctions aim to promote accountability and disrupt these abuses, which have led to billions in losses, particularly from cryptocurrency scams. The U.S. has further called on Cambodia to release victims and hold perpetrators accountable.