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Maryland Chapter 21 of Association of Certified Fraud Examiners

Four Defendants Face Federal Charges in an Alleged Business Email Compromise Scheme Involving Over $4 Million in Fraudulent Bank Transactions

01 Sep 2022 11:18 PM | Anonymous

The defendants compromised email accounts of individual and business victims, which they used to send fraudulent payment instructions to financial institutions or business associates to misappropriate funds.  The indictment alleges that the defendants used the stolen identifying information of individual victims to obtain Employer Identification Numbers and state business certificates in the name of shell businesses. Source: Us Attorney, District of Maryland

Maryland Chapter 21 of Association of Certified Fraud Examiners

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