U.S. Treasury Warns of Hundreds of Billions "Plundered" Annually by International Fraud Networks

 U.S. Assistant Secretary of the Treasury Jonathan Burke revealed in a congressional hearing today, Thursday, April 23, 2026, that organized criminal groups operating from major overseas hubs steal hundreds of billions of dollars from Americans annually. Burke described this level of lawbreaking as "completely unacceptable," emphasizing that combating fraud has become a primary challenge for the department. These statements coincide with the efforts of the "Scam Center Strike Force" launched by the U.S. administration to pursue foreign-backed networks targeting family savings.