Hundreds Arrested in Mass Marketing Fraud

Foreign fraudsters - watch out. The regulatory world continues to get more organized on combating global frauds. This week authorities in five countries arrested 565 people in fraud schemes that netted more than $1 billion.

The authorities stated that the scams were carried out in a variety of channels including telemarketing, mass mailings and the Internet and included bogus lottery, prize and sweepstakes offerings, invitations to pour money into nonexistent investments and supposedly legal enticements to avoid paying taxes.

The operation resulted in the arrest of 139 individuals in the United States; 426 arrests in Canada, Costa Rica, the Netherlands and Spain. Authorities executed 447 search warrants in the five countries as part of the operation.

For years US and Canadian authorities have been involved with joint efforts. During this same time there has been sporadic cooperation involving countries from different continents regarding global fraud. Only time will tell if this is a change of things to come.

Add a comment

Type the following characters: papa, whisky, papa, romeo

* Indicates a required field.

Subscribe

Recent Posts

Contributors

Archives

Jump to Page

Necessary Cookies

Necessary cookies enable core functionality such as security, network management, and accessibility. You may disable these by changing your browser settings, but this may affect how the website functions.

Analytical Cookies

Analytical cookies help us improve our website by collecting and reporting information on its usage. We access and process information from these cookies at an aggregate level.