Worldwide phishing ring bust, 38 people indicted

Posted by Humphrey Cheung

Los Angeles (CA) – The Department of Justice has announced indictments against a worldwide phishing ring with members in Romania and the United States.  In all 38 people were indicted on charges of bank fraud, racketeering and a host of other charges.

Deputy Attorney General Mark Filip announced the indictments in Bucharest Romania.  Romanian members duped web surfers by sending official looking emails which steered to false banking websites.  The financial information entered was then sent to the United States and encoded onto magnetic stripe cards.  The newly fashioned cards were used to withdraw hundreds to thousands of dollars from bank and credit card accounts.

Read more … CNN.