Abiola Kayode, 37, of Nigeria, was extradited by the Department of Justice (DoJ) to face charges for allegedly taking part in a business email compromise (BEC) operation that defrauded companies out of over $6 million between January 2015 and September 2016. “Kayode’s co-conspirators posed as the chief executive officer, president, owner, or other executive of […]
Nigerian National Extradited to the U.S. for BEC Scheme Read More »
According to INTERPOL, it created a “global stop-payment mechanism” that made it possible to retrieve the most amount of money ever stolen in a business email compromise (BEC) scam. This event follows the mid-July 2024 BEC scam victimisation of an unidentified Singaporean commodities firm. It is a kind of cybercrime in which a malevolent actor
INTERPOL Recovers $41 Million From Singapore BEC Scam Read More »
A 46-year-old man was found guilty of laundering more than $9.5 million amassed via the commission of financial fraud that was enabled by the internet and received a 25-year prison sentence as a result. Elvis Eghosa Ogiekpolor, of Norcross, Georgia, ran a money-laundering network that set up at least 50 corporate bank accounts to swindle
Nigerian BEC Scammer Sentenced To 25-Year Prison Term in the United States Read More »
11 members of a Nigerian cybercrime gang known for perpetrating business email compromise (BEC) have been apprehended by a coordinated law enforcement operation. This comes after a ten-day investigation dubbed Operation Falcon II undertaken by the Interpol along with participation from the Nigeria Police Force’s Cybercrime Police Unit in December 2021. Group-IB and Palo Alto
Interpol Arrests 11 Members of a Nigerian Cybercrime Gang Read More »
An organized crime group that has so far amassed well over €10m from online fraud, drug trafficking and property crimes has been dismantled by the European police. The operation involved the Spanish and Italian national police, with Europol and Eurojust coordinating. The group itself, which was linked to the Italian mafia, is suspected of defrauding
EUROPOL Takes Down €10m Mafia Fraud Ring Read More »
