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3/2/2017
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DoJ Indicts 19 People in Global Fraud, Money-Laundering Schemes

Federal indictments charged 19 people for participating in international fraud and money laundering operations including the use of BEC schemes, which led to $13M in losses.

Nineteen people were charged today for participating in international fraud and money-laundering schemes, which led to the loss of $13M from more than 170 victims primarily based in the US.

Of the 19 defendants, 16 were arrested last night and today as part of an FBI operation. One was arrested beforehand, and two remain at large. These arrests, conducted by more than 50 law enforcement agencies, are the result of a multi-year effort by federal and international law enforcement to find fraud and money-laundering operations conducted by an organized crime network.

Today brought a total of four indictments for the following schemes: online vehicle fraud, business email compromise (BEC), unlicensed money transmitting network, and international money laundering conspiracy.

"These indictments and today's arrests followed an international investigation into an interconnected web of money launderers, fraudsters and individuals that aided and abetted their criminal activities," said US Attorney Channing Phillips. "The defendants in the cases being unsealed today are accused of taking part in schemes in the United States and abroad, costing victims millions of dollars."

Read more details here.

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