20230531 - 16,000 Irish victims of iSpoof site had €40m taken from them – with criminals posing as banks, gardaí and the HSE

​16,000 Irish victims of iSpoof site had €40m taken from them – with criminals posing as banks, gardaí and the HSE

Up to 300 suspects using fraudster website to con innocent people have been identified.

You can see via the article two steps of the bog standard definition of moneylaundering, being layering and integration. One integration output includes a Lamborghini, two Range Rovers worth £110,000 and an £11,000 Rolex.

The predicate offences arise from:  

• Smishing – a combination of the words “SMS” and “phishing” – a scam where fraudsters use mobile phone text messages to trick a person into opening a malicious attachment or link.
• Vishing - convincing victims that a caller is from a trusted institution such as a bank or government department when it in fact it’s from a fraudster trying to get their financial information.

https://www.independent.ie/irish-news/crime/16000-irish-victims-of-ispoof-site-had-40m-taken-from-them-with-criminals-posing-as-banks-gardai-and-the-hse/a1038268151.html

https://www.linkedin.com/posts/peteroakes_moneylaundering-bitcoin-cryptocurrency-activity-7069727160097202176-cjBo