Skip to content

Editors

Harry Cassin
Publisher and Editor

Andy Spalding
Senior Editor

Jessica Tillipman
Senior Editor

Bill Steinman
Senior Editor

Richard L. Cassin
Editor at Large

Elizabeth K. Spahn
Editor Emeritus

Cody Worthington
Contributing Editor

Julie DiMauro
Contributing Editor

Thomas Fox
Contributing Editor

Marc Alain Bohn
Contributing Editor

Bill Waite
Contributing Editor

Shruti J. Shah
Contributing Editor

Russell A. Stamets
Contributing Editor

Richard Bistrong
Contributing Editor

Eric Carlson
Contributing Editor

Female Finns scammed by phishing scheme

Conmen have withdrawn money and made bank transfers worth around €500,000 using account codes from duped Finnish victims, mainly females, through a phishing scheme, the Helsinki Times reported Saturday.

Since police first reported the scheme a month ago, law enforcement agencies have managed to recover about €190,000 for the victims.

The criminals gained bank access codes by sending text messages and emails in the name of debt collection and customs agencies, among others.

The messages say the recipient has left an invoice unpaid and will receive a payment default entry unless the bill is paid immediately. The victim is then led to sign in with his or her bank access codes on a website created by the scammers.

In reality, the unpaid invoice doesn’t exist. If the victim signs in with bank access codes on the hoax website, the conmen then withdraw or transfer money from the account.

Detective Superintendent Jukkapekka Risu from the Helsinki Police said, “Within the last month, 95 percent of the victims have been women.”

Finland has jailed six people for money laundering in connection with earlier phishing schemes.

The main suspect in the current scheme — a young Finnish man whose name hasn’t been released — was already convicted in absentia. He has a history of web fraud and previously served jail time.

€1 is equivalent to $1.34.

______

Julie DiMauro is the executive editor of FCPA Blog and can be reached here.

Share this post

LinkedIn
Facebook
Twitter

Comments are closed for this article!