Saturday, 23 June, 2018


Federal authorities arrest 74 people in wire transfer scam

74 Arrests in Business Email Compromise Takedown Federal authorities arrest 74 people in wire transfer scam
Bennie Garza | 13 June, 2018, 14:54

According to the FBI, Katera Baldwin, Adedayo Ojo, Denise McAdams, Amarachukwu Onyeneke, Oghenemairo Adolor, Oluwatomiwa Odebode, Omotayo Arogundade, Monsurat Ashimi, Gbenga Fadipe, Julius Choima and Bolade Duyilemi are all suspects facing money laundering charges after allegedly taking part in a business email scam.

The arrests took place in the US, Nigeria, Canada, Mauritius, and Poland. The FBI added that $2.4 million dollars was seized, while $14 million in "fraudulent wire transfers" was recovered.

The coordinated law enforcement effort was "to disrupt global business e-mail compromise (BEC) schemes that are created to intercept and hijack wire transfers from businesses and individuals", the agency added.

It said Operation Wire Wire, a coordinated law enforcement effort by the US Department of Justice, US Department of Homeland Security, US Department of the Treasury and the US Postal Inspection Service, was conducted over a six month period, culminating in over two weeks of intensified law enforcement activity.

BEC schemes often target employees in the finance department of organizations since they deal in company transactions and make wire transfers. And the same criminal organizations involved in BEC scams also frequently exploit individuals, including real estate purchasers and the elderly. The fraudsters convinced people to transfer money by hijacking email addresses and impersonating business partners. By using phishing, social engineering and other types of malicious attacks and intrusions, these potential targets are tricked into making wire transfers that are believed to be the legitimate bank accounts but instead are controlled by criminals.

Authorities also went after "money mules" - "witting or unwitting accomplices" who receive the money from the victims and transfer it as directed by the fraudsters.

Foreign citizens perpetrate many of these schemes, which originated in Nigeria but have spread throughout the world. "Law enforcement agents executed over 51 domestic actions, including search warrants, money mule warning letters and asset seizure warrants totaling almost $1 million", the Justice Department statement notes.

The schemes were created to intercept wire transfers from businesses and individuals, including many senior citizens.

Recommended

loading...
...
  • Dancing FBI agent charged in accidental shooting

    Dancing FBI agent charged in accidental shooting

    Chase Bishop was dancing at a Denver bar on 2 June when his gun fell from his waistband on to the floor, police said. Bishop was partying at Mile High Spirits , a distillery and dance club in the Ballpark neighborhood, while off duty.
    ‘Trash Panda’ scaled a Minnesota skyscraper, and everyone loved it

    ‘Trash Panda’ scaled a Minnesota skyscraper, and everyone loved it

    Not prepared to take a hint, it headed to the neighboring UBS tower - one of the tallest buildings in the city. For hours on Tuesday, Twitter users followed the exploits of the daredevil free-climbing raccoon.
    Grandmother arrested after driving with kids in dog kennels, police say

    Grandmother arrested after driving with kids in dog kennels, police say

    She told the children to get in the kennels because there wasn't any room left in the Ford Explorer, according to a police report. They also said Cheeks was a church-going woman. "For them to be in the hot auto like that in cages is sad".
  • Germany hits Mercedes with mass diesel recall

    Germany hits Mercedes with mass diesel recall

    German transport minister Andreas Scheuer said the ministry and Daimler had "negotiated intensively for many hours" on Monday. Across Europe a total of 774,000 diesel vehicles contain "defeat devices" and Daimler said it would recall them all.
    Greece and Macedonia confirm 'historic' name deal

    Greece and Macedonia confirm 'historic' name deal

    Macedonia will now be named Republic of North Macedonia after its prime minister reached an agreement with his Greek counterpart. The dispute has poisoned relations between the two neighbors since Macedonia's independence from Yugoslavia in 1991.
    The First Offline Date After Online Relationships

    The First Offline Date After Online Relationships

    The Date Day: How To Behave When you meet your date offline for the first time, there are many things that can go wrong. That is a very responsible step that will either empower or destroy the already formed relationships.
  • USA  reveals ZTE settlement details, ban still in place

    USA reveals ZTE settlement details, ban still in place

    The Chinese company has been accused of violating USA sanctions by selling sensitive equipment to both North Korea and Iran. The motion was adopted late Monday night, only hours after the deal became public and less than a week after it was signed.

    Kim, Trump commit to restart repatriating remains from North Korea

    Cory Gardner, R-Colo. - although that was immediately disputed by Pence's office. "I've never seen that side of North Korea". RODMAN: It is fantastic , it is awesome , when I said those damn things, when I went back home, I got so many death threats.
    The 10 best football players in the world

    The 10 best football players in the world

    But even so, there’s no denying that he has impressive skills and he managed to lead all his football teams to big titles. Now at PSG, there are a lot of rumors that he might come back in Spain to play for life-time rivals of Barcelona, Real Madrid.
  • Angelina Jolie Could Lose Physical Custody of Kids to Brad Pitt

    Angelina Jolie Could Lose Physical Custody of Kids to Brad Pitt

    He is responsible for returning them back to Jolie in London on July 29, in addition to paying for their transportation. Because Maddox is older, the court is allowing him to decide how much time he wants to spend with his father.
    Huh? China stumped by Ivanka Trump's 'Chinese proverb'

    Huh? China stumped by Ivanka Trump's 'Chinese proverb'

    US President Donald Trump and Chinese President Xi Jinping, with Ivanka Trump at far left, at dinner at Mar-a-Lago previous year . But digital sleuths in the United States and China said there is no evidence such a pearl of wisdom originated in China.

    General Overview of Cisco CCNA R&S Questions and Answers

    In addition to this, they will also build their skills and knowledge levels required to implement WLAN in a small/medium network. At the end of the course, they will also be able to resolve regular issues with EIGRP, STP, and OSPF in IPv4 and IPv6 networks.

England's Alli promises best behaviour at World Cup England's Alli promises best behaviour at World Cup For Adams, this is not good news; "I'm really anxious about these Tottenham players, I don't think they know how to win ". There are a lot more things I need to focus on, and put my concentration on, in a game rather than that.

Trump and Kim meet after months of threats and insults Trump and Kim meet after months of threats and insults The former USA basketball star, 57, said on Australian breakfast radio on Wednesday that he believes the outcome of the meeting "should work out pretty well".

U.K. Minister Phillip Lee Resigns Ahead of Brexit Bill Showdown U.K. Minister Phillip Lee Resigns Ahead of Brexit Bill Showdown Brexit supporters will be watching closely to see what concessions the government finally offers to the rebels. The views expressed therein are not necessarily those of stlucianewsonline.com, its sponsors or advertisers.

‘Avengers: Infinity War’ Officially Passes $2 Billion at the Box Office ‘Avengers: Infinity War’ Officially Passes $2 Billion at the Box Office Moreover, it was hardly a laborious line-cross for Infinity War , which opened back on April 27, and is still riding momentum. An Avengers sequel to Infinity War is scheduled to be released in May of next year.

President Trump fires back at Robert De Niro after Tony Awards rant President Trump fires back at Robert De Niro after Tony Awards rant Trump was on his way to Singapore to meet with North Korean leader Kim Jong-un as the Broadway awards show was taking place. During the Tony Awards , De Niro, who has frequently sparred with Trump, drew a standing ovation with an anti-Trump rant.

Robbie Williams to open World Cup despite Party Like A Russian track Robbie Williams to open World Cup despite Party Like A Russian track The 2018 FIFA World Cup opening ceremony will have a slightly different format compared to previous editions of the tournament. Germany's Miroslav Klose holds the record for the most goals in World Cup history, having scored 16 in 24 matches.

FromSoftware's "Metal Wolf Chaos XD" Heads to PS4, Xbox One, and PC FromSoftware's If you are interested in more news about Metal Wolf Chaos XD , visit the official Steam page here . An E3 Trailer for Metal Wolf Chaos has been embedded above and it needs to be watched.

Brexit law faces crucial Commons vote Brexit law faces crucial Commons vote Ukip leader Gerard Batten said: "The only "meaningful vote" was the verdict of the people in referendum of 23rd June 2016". On Tuesday and Wednesday MPs are debating 14 amendments to the EU Withdrawal Bill made by the House of Lords.

The Elder Scrolls VI announced, new trailer released The Elder Scrolls VI announced, new trailer released What else is Bethesda studios releasing? You will take control of a Panzerhund and fire Nazis to aid the French resistance. Titled "Mooncrash", the expansion is set on the moon where you play as a hacker named Peter.

Korean-Canadian community torn over Trump-Kim summit Korean-Canadian community torn over Trump-Kim summit Trump called the exercises "very provocative" and "inappropriate" in light of the optimistic opening he sees with North Korea. North Korea has been an isolated nation since it first divided from South Korea after the end of World War II in 1945.

Gustav Klimt Could Challenge For 2,000 Guineas Gustav Klimt Could Challenge For 2,000 Guineas However, Gustav Klimt bounced back with a fine performance at the Barronstown Stud Irish European Breeders Fund in June last year. Gustav Klimt moved to the inside down the final furlong and found just enough speed to beat out his compatriot Nebo by a head .

Seeyouatmidnight to serve the Scots a Grand National double Seeyouatmidnight to serve the Scots a Grand National double He was runner-up behind Big River in the Edinburgh Gin Handicap Hurdle at Kelso and he then placed third at Newbury in March. Those having a bet on the Grand National will find him available at 16/1 with Paddy Power in the ante-post list.

Irish masters Elliott and Mullins set for three-pronged attacks in Grand National Irish masters Elliott and Mullins set for three-pronged attacks in Grand National As for Elliott, his Grand National trio this year are headed by three-time Cheltenham Festival winner Tiger Roll . The 2018 renewal has a typically wide-open feel and that’s certainly evident from a betting perspective.

How to Choose the Best Tennis Racket How to Choose the Best Tennis Racket It’s worth familiarising yourself with these categories, as it makes it easier to predict how any given racket will respond. By being less taught and more elastic, you can benefit from a better feel for the ball, and as a result, more power over it.

Everything You Wanted to Know About Super Nintendo Classic Mini Everything You Wanted to Know About Super Nintendo Classic Mini In the autumn of 2016, the news about the re-release of the 8-bit NES console resounded in the world of the gaming industry. The console can be placed in the palm of your hand, which is very convenient for its storing and carrying around.