Business Email Compromise 23 Charged Over Sophisticated Fraud Ring
The fraud was run by what Europol describes as a “sophisticated” organised crime group that created fake websites and fake email addresses similar to legitimate ones run by retailers and suppliers. Using these fake accounts, the criminals tricked victims into placing orders for goods and requested payment in advance. However, there never were any goods, so deliveries never took place – instead the stolen money was laundered through Romanian bank accounts controlled by the criminals before being withdrawn at ATMs....