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Friday, July 19, 2024

Uncle Sam Seeks to Claw Back $5M+ Stolen From Trade Union Through Spoofed Email

Funds are currently seized after being sent to offshore accounts

The US Justice Department is seeking permission to recover more than $5 million worth of funds stolen from a trade union by business email compromise (BEC) scammers.

An unnamed group of cyber scumbags defrauded an unidentified union in Dorchester, Massachusetts, out of $6.4 million – $5.3 million of which has been traced to seven bank accounts in China, Singapore, Hong Kong, and Nigeria.

The money held in six JPMorgan Chase accounts and one Texas Bank and Trust account is currently seized and the civil forfeiture action filed on Wednesday aims to provide the legal power to recover the stolen funds.

Read the rest of the story at The Register.

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The Government Technology & Services Coalition's Homeland Security Today (HSToday) is the premier news and information resource for the homeland security community, dedicated to elevating the discussions and insights that can support a safe and secure nation. A non-profit magazine and media platform, HSToday provides readers with the whole story, placing facts and comments in context to inform debate and drive realistic solutions to some of the nation’s most vexing security challenges.

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