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Industry News

18 Jul 2011

Arrests made in internet fraud case

Romanian law enforcement officials recently arrested more than 90 people suspected of participating in an online fraud scheme targeting users in the United States, the U.S. Department of Justice reported.

The Justice Department said it has been collaborating with Romanian intelligence and police organizations since 2010 to disrupt a ring of cyber criminals that uses sites such as Craigslist and eBay to defraud victims. According to the Justice Department, the criminals post online ads for big-ticket items such as cars, boats and motorcycles. Once a buyer is found, he or she is instructed to wire money to a fictitious escrow account. An accomplice known as an "arrow" then retrieves the wired funds using fake identification and sends the money on to Romania, after taking a cut.

Arrests have been made in conjunction with this fraud investigation in the United States as well as Europe. The Justice Department said indictments have been handed down in Florida, Missouri, Texas and Pennsylvania.

The official U.S. Department of Defense strategy on cyberspace operations released last week stressed the importance of teaming with international partners to defend against and dismantle global computer security threats.