By AFP on July 10, 2014 MANILA - Forty-two Taiwanese and two Chinese suspects have been arrested in the Philippines over a sophisticated Internet scam targeting compatriots back home, police said Thursday.
The suspects -- who posed as police officers, prosecutors, judges and anti-money laundering officials -- cheated people from Taiwan and China out of their money by claiming they could safeguard their cash, a police statement said.
The scammers would allegedly convince their victims that their bank accounts were being used for money-laundering and that their assets could be protected if they transferred all their money to accounts owned by the fraudsters, police added.
SecurityWeek/ Full Read Here/ http://www.securityweek.com/philippines-arrests-44-china-taiwan-internet-fraud
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