A recent investigation into a global investment scam operation, dubbed #ScamEmpire, has uncovered a network of fraudulent call centers operating from Georgia and Israel, employing 480 staff members and attracting nearly 27,000 clients, including individuals from Belgium. Victims have reportedly lost approximately €230 million to these scams. Mauro Jordán, an attorney representing 72 victims, criticized the ineffectiveness of anti-money laundering controls, stating they primarily target wealthy individuals and corporations, neglecting cyber fraud. The operation's reach is extensive, with an estimated $1 trillion lost globally to fraud in 2023. The FBI has also announced plans to return $8.2 million in seized cryptocurrency to victims of a separate massive fraud scheme, which involved deceptive investment platforms. Additionally, a report highlighted that fake codes associated with these scams have resulted in annual consumer losses of $75 billion since 2022.