Philippines Could Pursue 2M Euros Alleged Crime Boss Stashed in Cyprus
ID: 768f8c77-6e7a-5bb4-aad5-e8d1764959f9
STIX ID: report--768f8c77-6e7a-5bb4-aad5-e8d1764959f9
Date Published: 2025-01-14
Date Updated: 2026-03-26
Author: Martin Young (OCCRP), Kyriakos Pieridis (CIReN), Lian Buan (Rappler)
Authorities in the Philippines raided a compound owned by Baofu Land Development in March 2024, freeing 875 trafficked workers and seizing “love scam” scripts used to defraud victims, with prior raids in 2023 on related companies linked to co-founder Huang Zhiyang. The report details coerced labor, quotas, and abuse within the scam centers, situates the activity within a broader surge of cyberfraud across Southeast Asia, and notes that Huang faces charges while remaining at large.
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