Tuesday, 29 July 2014

Spanish police arrest 84 'Nigerian' scammers

Spanish police have arrested more than 80 people who laundered money obtained by cheating at least 4,500 people out of money, mostly via so-called Nigerian or '419' scams, Spanish Authorities report.

Police made the 84 arrests as part of a two-year investigation into a massive Spain-based fraud ring which laundered at least €11.5 million ($15.4 million) in funds that had been scammed from foreign victims, police said in a statement.

Members of the group, 80 percent of whom were Nigerian, allegedly took receipt of money scammed from victims in the US, Canada and Germany and laundered it by transferring the money on to Nigeria, police added.

The majority of the cash handled was obtained using the classic Nigerian, or '419' scam. This involves fraudsters promising their targets a large amount of cash in exchange for a small upfront payment.

If this payment is forthcoming, scammers either escalate their demands, or disappear, leaving their victims out of pocket.

Up to 200 internet caf├ęs were investigated in the investigation by Spanish police.
Raids also uncovered fake passports used by gang members which had been created using photographs of famous celebrities. 

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