Federal Agencies Arrest 74 Scammers in Connection With ID Theft, Fraud

June 12, 2018

A coordinated effort by the departments of Justice, Homeland Security and Treasury, the U.S. Postal Inspection Service and other partners led to the arrest of 74 individuals in the U.S. and abroad in connection with recent business email compromise scams, the DOJ announced yesterday. Federal authorities seized nearly $2.4 million and disrupted and recovered approximately $14 million in fraudulent wire transfers.

Business email compromise scams -- a sophisticated type of fraud which has grown more prevalent in recent years -- often target company employees through email and involve fraudulent requests for wire transfers or other payments, or the transfer of personally identifiable information. Read more.



< < Return to the homepage
Read more Bank Industry News > >