$5.3m fraud: US hunts scammers, traces funds to Hong Kong, Nigeria, others

Punchng | 06-06-2024 11:43pm |

The US government has filed a civil forfeiture action to recover $5.3 million linked to a business email compromise (BEC) scheme that defrauded a Massachusetts workers union. In January 2023, a spoofed email led the union to transfer $6.4 million to a fraudulent account. The funds were then routed through various international banks and cryptocurrency Read More

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