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Five arrested in operation attacking online fraud: Europol

Xinhua, December 14, 2016 Adjust font size:

Five people were arrested in a joint operation against online fraud by Spanish and French police, the European Police Office (Europol) said in a press release Tuesday.

This operation, supported by Europol, resulted in the disruption of the criminal network operating in Europe, which was responsible for large-scale online payment fraud via virtual point-of-sale (POS) terminals, and money laundering.

Since 2014, they have committed fraud estimated at more than 5.4 million euros (5.75 million U.S. dollars) through transactions carried out by fictitious Spanish companies.

The criminal group, mainly composed of Spanish nationals, was active in and outside Europe, with thousands of victims in the United States.

During the action, numerous vehicles, computers, phones, financial documentation and more than 20 bank accounts were seized. Endit