UK cybercops cuff big phish
Man suspected of credit card scam and stashing online crime cash
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UK police arrested a suspected counterfeit credit card manufacturer in east London on Monday.
Investigators reckon the 34-year-old man organised money "mules" to open drop accounts that received the proceeds of online crime, such as phishing. Police from the Scotland Yard-based Police Central e-crime Unit (PCeU) also found equipment capable of manufacturing payment cards and blank mag strip cards when they raided the suspect's house in East Ham.
Detective Inspector Paul Hoare of the PCeU said: "Money mules are one of the key enablers for all types of fiscal fraud and internet-based crime in particular.
"This arrest reinforces our commitment to combating suspected money 'muling' in both London and across the UK. Individuals tempted by advertised job opportunities moving money using their bank accounts should not get involved as they could be taking part in wider organised money laundering crime," he added.
The arrest (police statement here) coincided with the start of National Identity Fraud Prevention Week, which aims to educate consumers on the steps they can take to minimise their risk of suffering the inconvenience of becoming a victim of identity theft. ®
COMMENTS
Sounds like fear raisining against budget cuts
Government entities step up self-aggrandising activities when it appears that budgets are being slashed.
Send more money, so we can do it again!
Money mules and the Caymen Islands
The poor old money mules were heading in the wrong direction.
If Channel 4's Despatches programme is to be believed.
The definitely NOT Tax Havens seem to be Caymen Islands, British Virgin Islands, ...
And it definitely does NOT seem that most Tory government ministers or Tory Party sponsors/funders ever use those NOT tax havens in order to increase personal wealth and avoid paying UK taxes.
And, of course, money laundering is perfectly legal provided one has used gaps or loopholes in UK law to do so. Why, even Philip Green seems to ... well, you know
Private Finance Initiative
UK research into cybercrime and the sums of monies that can be gained has encouraged a £billion investment by UK Government into a cybercrime unit.
The unit will target vulnerable, nations, states, organisations and individuals and aim to con, swindle or otherwise accrue money and assets to be handed over to UK Government.
The UK Government Chancellor said:
For too long UK has been the poor man in Europe.
For too long have we seen vast sums of money swindled from hard working taxpayers
For too long have we overlooked this excellent opportunity to line Treasury vaults with lovely lucre.
Therefore, I am pleased to announce to the House that this Government, yes, T-H-I-S Government will now use those same techniques to restore wealth to the wealthy and poverty to the poor.
It is a natural justice for the wealthy to be wealthy and the poor to be poor.
Can you, yes, even you, imagine in your wildest dreams what it must be like for the wealthy to become poor and the poor to become wealthy?
Anarchy and chaos will ensue unless we take this vital step towards Britain's wealth, prosperity and honour!
I commend the budget to the House.
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