Three British Based Criminals Sentenced in US Over Inheritance Scam
- Three individuals who targeted elderly and vulnerable victims in a multi-million dollar inheritance fraud scheme have received prison sentences totaling over 21 years, following their guilty pleas in the United States. Meanwhile, Spanish authorities apprehended additional suspects connected to the fraud in Madrid, with coordinated enforcement actions occurring in Portugal. In response to revelations about an expansive global network of fraudsters collaborating to pilfer millions, the National Crime Agency worked in close partnership with the US Department of Justice, US Postal Inspection Service, and European counterparts. Together, they orchestrated international operations to locate and detain suspects and gather crucial evidence.
Addressing Economic Crime Must "be at the heart of modern policing", says Lord Mayor
US, Partners Say they have Disrupted 'Qakbot' Network
- Speaking at the 40th International Symposium on Economic Crime in Cambridge, Nicholas Lyons stated, fraud, which accounts for 41 per cent of all crime in England and Wales, "increasingly recognised as a national security threat, especially at a time when technological developments such as advances in artificial intelligence present so many more opportunities for deception and disruption." The Insurance Fraud Enforcement Department (IFED) of the City of London Police has taken significant action, apprehending and interrogating over 2,700 suspects. Their efforts have led to more than 1,000 convictions and cautions, resulting in the recovery of assets valued at nearly £3 million for crime victims. Additionally, in collaboration with the City of London Police, the City Corporation is fortifying the broader response to economic crime within the criminal justice sector. This includes a substantial £350 million investment in a new court complex in the city, designed with specialized facilities to handle economic and cybercrime cases.
- US authorities have announced the successful takedown of the infamous "Qakbot" malware platform, widely utilized by cybercriminals for various financial offenses, through an international law enforcement effort. Qakbot, initially identified over a decade ago, typically propagates through malicious emails designed to deceive recipients. Termed "Duck Hunt," this operation was a collaborative endeavor involving the Federal Bureau of Investigation (FBI), as well as the participation of France, Germany, the Netherlands, the United Kingdom, Romania, and Latvia. During the period spanning from October 2021 to April 2023, investigators uncovered that Qakbot administrators collected an estimated $US58 million in ransoms paid by victims. FBI Director Christopher Wray noted that the victims ranged from financial institutions along the US east coast to a vital infrastructure government contractor in the Midwest, to a medical device manufacturer on the west coast in a statement.