On November 5, the US Treasury sanctioned four individuals and 41 entities it said supported the Prince Group transnational criminal organization, as well as an individual it accused of managing a separate scam network. Treasury alleged that some targets managed offshore companies, concealed ownership or served executives sanctioned earlier.
These are allegations in a sanctions announcement, not a finding that every customer or employee of a named organization took part in a scam. The action targets corporate structures linked to alleged online investment fraud, rather than only accounts and wallets that received funds.
