Business Email Compromise Fraud Schemes Continue To Gain Traction

Business Email Compromise Fraud Schemes Continue To Gain Traction

This is also another example of how banks facilitate crime, rather than Bitcoin or cryptocurrencies. Online fraud is becoming the most popular development of the 21st century so far. A Nigerian individual is facing US charges for this involvement in multiple scams. By impersonating vendors and company executives, the managed to scam hundreds of victims. All victims made large wire transfers to fraudulent accounts, resulting in a total loss of close to US$3.1bn. David Chukwuneke Adindu pleaded not guilty to these charges. However, prosecutors are still planning to charge him with wire fraud....


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