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Nigerian Scammer, Ringleader of International Criminal Network Arrested

By CircleID Reporter
  • August 02, 2016, 3:57 pm PDT
  • Views: 4,811
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The 40-year-old Nigerian national, ringleader of a global network believed to be behind scams totalling more than USD $60 million has been arrested in a joint operation by INTERPOL and the Nigerian Economic and Financial Crime Commission (EFCC). “Heading a network of at least 40 individuals across Nigeria, Malaysia and South Africa which both provided malware and carried out the frauds, the alleged mastermind also had money laundering contacts in China, Europe and the US who provided bank account details for the illicit cash flow.”

“The main two types of scam run by the 40-year-old targeted businesses were payment diversion fraud—where a supplier’s email would be compromised and fake messages would then be sent to the buyer with instructions for payment to a bank account under the criminal’s control—and ‘CEO fraud’.”

By CircleID Reporter —

CircleID’s internal staff reporting on news tips and developing stories. Do you have information the professional Internet community should be aware of? Contact us.

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