Cyber scammers used victims’ mobile phones to clear their bank accounts.
National police have shut down a criminal network which specialised in cyber scams using a SIM swapping technique.
19 Venezuelen men were arrested after 16 home searches in Valencia and Madrid, which also saw police block 75 bank accounts.
It was discovered the cyber scammers swapped SIM cards when mobile phones were sent for repair, having been given security codes to access the phones.
“They then emptied their checking accounts and took out instant bank loans, converting the money obtained into cryptocurrency to launder it,” said a National Police spokesperson on Saturday, October 24.
A total of €450,000 was fraudulently accessed through the accounts of seven victims.
“The dismantled group operated throughout the national territory, mainly in the capital and the Spanish coast, with an international progression of its activity towards England and the United States,” added the police, which began the operation in June 2019.
Thank you for taking the time to read this news article “19 cyber scammers who conned victims out of 500k arrested”. For more UK daily news, Spanish daily news and Global news stories, visit the Euro Weekly News home page.
Euro Weekly News is delighted to continue be able to bring you a range of News from around Spain in English and Global News live as it happens.
Euro Weekly News doesn’t cost you anything but your internet connection. Whether it’s bringing you the local Spanish news or the International news today, we’ve got you covered!
Euro Weekly News, the leading free local and national newspaper in Spain, the people’s paper, we lead others follow!