"Guests were promised luxury villas in a crypto resort in Timor-Leste, but an investigation found only an empty plot, raising questions about the project's legitimacy."
"The proposed resort is linked to the Prince Group, a network accused of money laundering and human trafficking, highlighting serious concerns about crime in the region."
"Experts warn that scam operators are expanding their reach, with Timor-Leste identified as a potential target for transnational crime syndicates."
"A Timorese government minister expressed fears that the country is at a critical juncture, potentially becoming an amusement park for organized crime."
A luxury crypto resort in Timor-Leste, promoted as a high-end development, has been found to be an empty plot. An investigation revealed connections between the resort's promoters and the Prince Group, linked to money laundering and human trafficking. The AB network, associated with the resort, is not accused of criminality, but concerns have arisen about scam operations targeting Timor-Leste. A government minister warns that the country is at risk of becoming a hub for transnational crime syndicates, marking a critical moment in its history.
Read at www.theguardian.com
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