A Nigerian man living in the United Kingdom has been sentenced to 10 years for his role in a phishing scam that snatched more than $20 million from over 400 would-be home buyers in the US, including some savers who lost their entire nest eggs.
Late last week, the US Department of Justice confirmed that 33-year-old Babatunde Francis Ayeni pled guilty to conspiracy to commit wire fraud through "a sophisticated business email compromise scheme targeting real estate transactions" in the US.
To seize large down payments on homes, Ayeni and co-conspirators sent phishing emails to US title companies, real estate agents, and real estate attorneys. When unsuspecting employees clicked malicious attachments and links, a prompt appeared asking for login information that was then shared with the hackers.
An international coalition of police agencies has taken a major whack at criminals accused of running a host of online scams, including phishing, the stealing of account credentials and other sensitive data, and the spreading of ransomware, Interpol said recently.
The operation, which ran from the beginning of April through the end of August, resulted in the arrest of 41 people and the takedown of 1,037 servers and other infrastructure running on 22,000 IP addresses. Synergia II, as the operation was named, was the work of multiple law enforcement agencies across the world, as well as three cybersecurity organizations.
A global response
βThe global nature of cybercrime requires a global response which is evident by the support member countries provided to Operation Synergia II,β Neal Jetton, director of the Cybercrime Directorate at Interpol, said. βTogether, weβve not only dismantled malicious infrastructure but also prevented hundreds of thousands of potential victims from falling prey to cybercrime. Interpol is proud to bring together a diverse team of member countries to fight this ever-evolving threat and make our world a safer place.β