U.S. Files Forfeiture Action To Recover Over $5 Million Fraud

06/07/2024 4

United States has filed a forfeiture action to recover approximately $5,315,746 alleged to be proceeds of a business email compromise (BEC) scheme targeting a Massachusetts workers union, as well as property involved in money laundering.
According to the United States District of Massachusetts in a statement posted on its website, the fraudulently obtained funds, were transferred through series of intermediary bank accounts to a cryptocurrency exchange and various bank accounts located in Hong Kong, China, Singapore and Nigeria.
The complaint alleges that in January 2023, a workers union located in Dorchester received an email requesting a change of payment information from someone it believed worked at an investment consulting firm.

Written by: bossgmsi

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06/07/2024 4