U.S. Attorney’s Office Files Civil Complaint Seeking The Forfeiture Of Over $1 Million Seized From A Money Mule Bank Account Used To Defraud A Virgin Islands Business
CHARLOTTE, N.C (STL.News) Andrew Murray, U.S. Attorney for the Western District of North Carolina, announced today the filing of a federal civil complaint seeking the forfeiture of $1,047,535 seized from a money mule bank account being used to defraud a Virgin Islands business via a business email compromise scheme.
Reginald DeMatteis, Special Agent in Charge of the United States Secret Service, Charlotte Field Office, joins U.S. Attorney Murray in making today’s announcement.
A business email compromise scheme, or BEC, is a sophisticated scam, often targeting businesses involved in wire transfer payments. The fraud is carried out by compromising and/or “spoofing” legitimate business email accounts through social engineering or computer intrusion techniques, to cause employees of the victim company (or other individuals involved in legitimate business transactions with the victim company) to transfer funds to accounts controlled by scammers. In addition to targeting businesses, BEC scams also often target individual victims, convincing victims to make wire transfers to bank accounts controlled by the scammers. Money mule accounts are bank accounts used by fraudsters as a pass-through means of moving fraudulently obtained funds.