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MULTI-MILLION DOLLAR VOICE PHISHING FRAUDSTERS BUSTED IN EUROPE

Updated on: November 16, 2023 1:10 PM
 * Justinas Vainilavičius
   Senior Journalist

--------------------------------------------------------------------------------

Image by Shutterstock


A voice phishing gang defrauded victims across Europe of tens of millions of
euros through call centers located in Ukraine, according to Europol.

The “prolific” criminal group mainly targeted victims in Czechia, with the
damage caused there alone estimated at over €8 million ($8.7 million), Europol
said.

The pan-European policing agency cooperated with the authorities in both Czechia
and Ukraine, as well as Eurojust, a European criminal justice cooperation
agency, to take down the illegal network.



According to Europol, six suspects were arrested in Ukraine and four in Czechia
in April this year. Raids were carried out in locations in both countries,
including the homes of the suspects, vehicles, and call centers.

Mobile phones, SIM cards, and computer equipment were seized as part of the
crackdown, the authorities said.

The suspects used spoofed phone numbers and impersonated bank employees and
police officers to gain trust of their victims, Europol said.

The victims would then be asked to transfer funds from their “compromised” bank
accounts to the “safe” accounts of the criminals.

The case regarding the gang’s activities was first opened at Eurojust in
November two years ago at the request of the Czech authorities. A joint
investigation team was then set up between the Czech and Ukrainian parties in
June last year.

Earlier this week, Europol said the police busted four call centers in Bulgaria,
Cyprus, and Serbia that defrauded their mainly German victims of over €2
million.



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