While parading some of the scammers that were caught by the FBI recently, the FBI stated that this is the largest online fraud scheme in the country that had worldwide implication.
Backing this claim of the FBI up, US attorney, Nick Hannah added that victims are in Columbia, China, Caribbean, Germany, Japan, Mexico, United Arab Emirate and United Kingdom.
An investigation revealed that it is one of the most sophisticated operations ever seen using the internet.
According to the FBI, this scamming hit one thousand people who live in Los Angeles, duping them about seventy three million US dollars.
The FBI assistant director in charge, Paul Delacourt revealed that “In the first seven months of this year, the FBI in our net crime complaint center received nearly fourteen thousand complaints from victims and the targets are big cooperation, small cooperation, mum and pop stores, charity groups, church group, even lawyers”, when he was interviewed.
Mr. Delacourt added that the scammers employ social engineering tactics, spoof websites or kind of computer intrusions to fraudulently transfer funds.
According to the FBI, the scammers used four steps strategy.
First step is to identify the target. After the victim is targeted, they will send out an email or phone call usually to the finance department, then they will start bombarding the financial department.
The third step is to exchange information like account details and when the transactions will be made. Finally, the money will be wired.
“These scammers use hacked email address to convince businesses or individuals to make payment that were either completely bourgeois or that are should have been otherwise paid into legitimate companies”, revealed Nick Hannah.
Speaking on this same Scamming incident, Dave Lopez of the FBI contributed that “For the individuals that were caught up in this scam, the FBI have a special name, calling them romance victim. People who were looking for companionship, maybe even love as they were wiring the money to the scammers”.
“In some cases, the victims in these cases thought they were communicating US Servicemen stationed overseas when in fact they were emailing with conmen who left them with a broken heart and an empty bank account” , Nick Hannah added.
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