25 defendants convicted in $215 million international email scam

5 articles · Updated · WTOL · May 1

A Toledo jury convicted three men on 24 April, while 22 others pleaded guilty, in a scheme spanning 47 states and 19 countries.
Prosecutors said Nigerian-linked groups hacked business and personal email accounts, impersonated trusted contacts and redirected wire transfers, including one victim business that lost $2.7 million.
Authorities seized or sought forfeiture of nearly $1.2 million, luxury watches and a Georgia home, and said about $50 million was converted into cashier's checks through a Chicago-area currency exchange.

With $215M laundered despite bank warnings, are global anti-fraud systems fundamentally broken and unable to protect modern businesses?

As Nigeria’s ‘hustle academies’ train new scammers, can international police action ever truly defeat this evolving multi-million dollar threat?