Wu said that the U.S. Treasury Department has imposed sanctions on Cambodian tycoon Ly Yong Phat and his businesses LYP Group and O-Smach Resort for allegedly trafficking in people and forced labor to carry out online and virtual currency scams. Ly's Cambodian Garden City Hotel, Koh Kong Resort and Phnom Penh Hotel were also included in the sanctions list. Victims reported that they were lured to O-Smach Resort by false employment opportunities, their mobile phones and passports were confiscated upon arrival, and they were forced to engage in fraudulent activities, beaten, abused with electric shocks, forced to pay huge ransoms or threatened to be sold to other online fraud gangs.