Europol dismantles 'CEO swindle' gang behind €38m fraud

Seized €5.1 million from bank accounts

clock • 3 min read
Europol dismantles 'CEO swindle' gang behind €38m fraud
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Europol dismantles 'CEO swindle' gang behind €38m fraud

Europol has busted a criminal network engaged in France's largest-ever "CEO swindle."

The gang, based out of France and Israel, used business email compromise (BEC) attacks to redirect funds from companies to its own bank accounts. After a Europe-wide investigation, Europol has ...

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