< Nigerian man arrested in $60M email scam and online fraud - Canadian Fraud News Inc. | Fraud related news | Fraud in Canada

Nigerian man arrested in $60M email scam and online fraud

A Nigerian behind thousands of online scams around the world has been arrested in the southern oil city of Port Harcourt, Interpol alleges. The 40-year-old man, known only as “Mike” is alleged to head a network of 40 individuals behind global scams worth more than $60 million (CAD 78,650,000) . His operations involves using targeted malware to take over systems, use compromised emails and romance scams. Nigeria’s anti-fraud agency was also involved in the arrest. The network compromised email accounts of small to medium-sized businesses around the world including in Australia, Canada, India, Malaysia, Romania, South Africa, Thailand and the United States.

Read the full article at BBC.