Online fraud and cyber-laundering, maxi operation between Italy and Spain

September 28, 2021 11:35 am

Eighteen arrests and 118 seized current accounts

How the scam took place – Each member of the organization had a specialized role: there were computer scientists, recruiters, money laundering and cryptocurrency experts. Using specialized hackers, the criminals defrauded numerous victims with online fraud attacks such as SIM exchange and the compromise of corporate email. The stolen sums were later recycled through the purchase of cryptocurrency or reinvested in further criminal activities such as prostitution and drug and arms trafficking. In the past year alone, the estimated profit was around 10 million euros.


Online fraud cyberlaundering maxi operation Italy Spain

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