FBI arrests 74 in US, Nigeria, others for fraud

By Editor on 13/06/2018

Share on facebook Yahoo mail icon Gmail icon

Views: 7,594


The United States Department of Justice has announced the arrest of 74 people in the US and overseas, including 29 in Nigeria, and three in Canada, Mauritius and Poland, for alleged financial fraud.

The arrests were as a result of a coordinated effort to disrupt business email compromise schemes that are designed to intercept and hijack wire transfers from businesses and individuals, including many senior citizens, according to a statement on its website dated June 11, 2018.

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.

“The operation also resulted in the seizure of nearly $2.4m, and the disruption and recovery of approximately $14m in fraudulent wire transfers,” the statement said.

BEC, also known as ‘cyber-enabled financial fraud,’ is a sophisticated scam often targeting employees with access to company finances and businesses working with foreign suppliers and/or businesses that regularly perform wire transfer payments.

According to the statement, the same criminal organisations that perpetrate BEC also exploit individual victims, often real estate purchasers, the elderly, and others, by convincing them to make wire transfers to bank accounts controlled by the criminals.

It said, “Foreign citizens perpetrate many BEC scams.  Those individuals are often members of transnational criminal organisations, which originated in Nigeria but have spread throughout the world.

The FBI Director, Christopher Wray, said the operation demonstrated the FBI’s commitment to disrupt and dismantle criminal enterprises that target American citizens and their businesses.

“We will continue to work together with our law enforcement partners around the world to end these fraud schemes and protect the hard-earned assets of our citizens,” he added.

The US Attorney General, Jeff Sessions, expressed gratitude for the outstanding efforts of the participating countries, including law enforcement actions that were coordinated and executed by the Economic and Financial Crimes Commission in Nigeria to curb BEC schemes that defraud businesses and individuals.

Posted 13/06/2018 07:16:28 AM

 

Share on facebook Yahoo mail icon Gmail icon


 

You may also like...
British government to transfer Nigerian prisoners to Kirikiri...

2019 elections: Only six parties not 60 endorsed...

Gunmen on motorcycles kill 35 in Zamfara villages...

Gov. Ortom backs Danjuma’s call for self-defence against...

Chime demands cancellation of Enugu LG poll

TRAGEDY: 149 passengers perish, as Ethiopian Airline crashes...

Violence, voter apathy mar guber, state assembly elections...

Asset declaration: I have no new houses, shares...

Elections: Bayelsa APC applauds voters, vows to seek...

‘Winner is democracy,’ Presidency declares as state agents...

Customs confiscates 12 exotic cars

Why I didn’t implement 2014 confab report –...

 

Latest News Trump to detain migrants for long, mulls ending birthright citizenship New portfolio: I don’t know how Interior Ministry operates – Aregbesola Buhari re-appoints Adesina, Shehu, Akande as spokespersons Atiku vs Buhari: Tribunal reserves judgment in presidential poll petition Buhari knocked for ordering ministers to report to Kyari Senator Utazi distributes over 600 empowerment items to constituents Woman raped, butchered to death by bandits in Enugu BREAKING: Ex-Super Falcon, Chiejine is dead HORROR! Gunmen kill ex-police officer, community leader, three others in Imo Enugu govt tasks security agents to fish out killers of Nchatancha woman Suspended Presidential Aide, Obono-Obla, moves to stop ICPC investigation Gunmen attack Nasarawa deputy governor’s convoy, kill three policemen, civilian

 

Most Read Full Text of Governor Ifeanyi Ugwuanyi’s 2016 Budget Speech (13,537 views) Ex-Heads of State will protect Jonathan from persecution —Kukah (13,287 views) ASUU strike: Senate intervention ends in deadlock (12,525 views) Ugwuanyi commends FG’s siting of ICT University in Enugu (11,517 views) Sickle cell support group seeks lgovernment intervention (10,588 views) Israel serves quit notice to African illegal migrants (10,374 views) Ebonyi bans embalming of corpses in homes (10,316 views) All you need to know about Peter Obi, PDP VP Candidate (9,959 views) DEMOCRACY DAY: President Muhammadu Buhari’s full speech (9,304 views) NAFDAC eases processes, cost of registering products for MSMEs (9,270 views) The Big Kick-off: World greatest sports fiesta begins in Russia (9,055 views) England beat Spain to win U17 World Cup final (8,904 views)

 

SECTIONS NEWS (1,526) EDITORIAL (8) POLITICS (431) SOCIETY (111) SPORTS (22) BUSINESS (274) HEALTH (17) EDUCATION (24) ENTERTAINMENT (12) INTERNATIONAL (34) TECHNOLOGY (1) COLUMNISTS (0) LETTERS (0) OPINION (11)

 

 

Julius Agwu - Crazy Interview Demands