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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. ®

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