DOJ disrupts large enterprise electronic mail rip-off operation


The US Division of Justice has indicted dozens of people for his or her involvement in a large business email scam and cash laundering operation.

Over a dozen people had been arrested throughout raids carried out within the Los Angeles space however a complete of 80 defendants are allegedly concerned within the scheme.

The 145-page indictment which was just lately unsealed, revealed that 80 folks have been named and charged with conspiracy to commit mail and financial institution fraud along with aggravated identity theft and cash laundering.

Whereas arrests had been made within the US, the general public alleged to be concerned within the scheme are primarily based in Nigeria. Presently, it’s nonetheless unclear as as to if the Nigerian nationals can be extradited to the US however the two international locations do have a treaty that will make extradition doable.

Combating on-line fraud

US authorities are taking a tough stance on enterprise electronic mail scams and different fraudulent activities online in keeping with US Legal professional Nicola Hanna who defined how this indictment is meant to ship a message to fraudsters, saying:

“Today, we have taken a major step to disrupt criminal networks that use [business email scam] schemes, romance scams and other frauds to fleece victims. This indictment sends a message that we will identify perpetrators — no matter where they reside — and we will cut off the flow of ill-gotten gains.” 

Prosecutors stated that Valentine Iro and Chukwudi Christogunus Igbokwe have been accused of operating the operation. The indicted people allegedly carried out acts of fraud in opposition to over a dozen victims which generated hundreds of thousands of {dollars} price of stolen funds over the course of a number of months.

The operation’s leaders acted as brokers of fraudulent financial institution accounts in keeping with the prosecutors who allege that they fielded requests for checking account data after which laundered the cash obtained from their victims. A number of of the fraudsters’ financial institution accounts additionally contained over $40m in stolen funds.

The case will nonetheless must go to trial earlier than something is set however the indictment is a step in the best course in terms of displaying cybercriminals that they are often held answerable for their crimes on-line regardless of the place they reside.

Through TechCrunch


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