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As the Associated Press reports, Filipino police say the suspects targeted hundreds of people in online chat rooms, luring them into having cybersex and exposing themselves on webcams.
The alleged criminals would secretly record the encounters and then threaten to send the videos to the victims' friends and relatives unless they paid money.
In one case, a victim paid $15,000, though officials say the sums were usually in the range of $500 to $2,000.
The network was dismantled after an investigation launched by Philippine police, Interpol, and the US Department of Homeland Security, among other law enforcement agencies.
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Police and intelligence officers were able to dismantle the ring by monitoring social media sites and tracing cash flows, and they hope their investigation will deter other crime groups — especially in the Philippines, which holds the ignominious title of sextortion capital of the world.