Interpol Helps to Seize $257 Million From Online Scam Artists

Around 6,000 bank accounts and $257 million worth off illicit proceeds from phishing, fake online shopping sites and other scams has been seized in a coordinated police operation, according to Interpol.

The operation led to the arrest of 3,950 suspects and identified another 14,643 other potential targets, the Lyon-based crime fighting coordination agency said in a statement on Thursday. The operation included police forces from China, Australia, Malaysia, Brazil and Portugal.

Over half of the $257 million was cash, a further $2 million in cryptocurrencies was seized as digital currencies increasingly become the go-to option for criminals looking to ...