“Mike” the Nigerian scammer arrested

AFP reports the arrest of “Mike”, a 40-year-old Nigerian man believed to be the mastermind of a scamming enterprise that netted him $60 million;

“In one case, a target was conned into paying out $15.4 million,” Interpol said, indicating that the arrest was carried out with the support of Nigeria’s anti-graft agency the Economic and Financial Crimes Commission (EFCC).

“The network compromised email accounts of small to medium businesses around the world including in Australia, Canada, India, Malaysia, Romania, South Africa, Thailand and the United States,” it said.

The suspect ran a network of at least 40 people working from Nigeria, Malaysia and South Africa which used malware and carried out the fraud, and he also had money laundering contacts in China, Europe and the US who provided bank account details for the illicit cash flow.

From INTERPOL;

The main two types of scam run by the 40-year-old targeted businesses were payment diversion fraud – where a supplier’s email would be compromised and fake messages would then be sent to the buyer with instructions for payment to a bank account under the criminal’s control – and ‘CEO fraud’.

In CEO fraud, the email account of a high-level executive is compromised and a request for a wire transfer is sent to another employee who has been identified as responsible for handling these requests. The money is then paid into a designated bank account held by the criminal.

So, I guess won’t be getting that payout from the European Union Lottery, but, luckily, the Pope has promised me part of his Treasury if I help smuggle out some cash, so I have that going for me.

Category: Politics