Feeds

Police cuff 70 eBay fraud suspects

Scams caused €800,000 losses

The essential guide to IT transformation

Romanian police have arrested 70 suspected cybercrooks, thought to be members of three gangs which allegedly used compromised eBay accounts to run scams.

The alleged fraudsters obtained login credentials using phishing scams before using these trusted profiles to tout auctions for non-existent luxury goods (luxury cars, Rolex watches and even a recreational aircraft). Buyers handed over the loot but never received any goods in return.

The 800 victims of the scam are estimated to have suffered €800,000 in losses since 2006. Victims were located across Western Europe, Scandinavia, the US, Canada and New Zealand.

Complaints from the victims led to a joint FBI and Romanian Directorate for Investigating Organised Crime and Terrorism (DIICOT) investigation culminating in the execution of 101 search warrants and multiple arrests across Romania on Tuesday.

A police video of one of the raids can be found here. More on the background to the case can be found on Gary Warner's CyberCrime & Doing Time blog here.

A Romanian police statement on the bust, part of Operation Valley of the Kings, can be found here (in Romanian). ®

Next gen security for virtualised datacentres

More from The Register

next story
e-Borders fiasco: Brits stung for £224m after US IT giant sues UK govt
Defeat to Raytheon branded 'catastrophic result'
Snowden on NSA's MonsterMind TERROR: It may trigger cyberwar
Plus: Syria's internet going down? That was a US cock-up
Who needs hackers? 'Password1' opens a third of all biz doors
GPU-powered pen test yields more bad news about defences and passwords
Think crypto hides you from spooks on Facebook? THINK AGAIN
Traffic fingerprints reveal all, say boffins
Rupert Murdoch says Google is worse than the NSA
Mr Burns vs. The Chocolate Factory, round three!
Microsoft cries UNINSTALL in the wake of Blue Screens of Death™
Cache crash causes contained choloric calamity
Germany 'accidentally' snooped on John Kerry and Hillary Clinton
Dragnet surveillance picks up EVERYTHING, USA, m'kay?
prev story

Whitepapers

5 things you didn’t know about cloud backup
IT departments are embracing cloud backup, but there’s a lot you need to know before choosing a service provider. Learn all the critical things you need to know.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.
Rethinking backup and recovery in the modern data center
Combining intelligence, operational analytics, and automation to enable efficient, data-driven IT organizations using the HP ABR approach.
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.