Cyber scammers used victims' mobile phones to clear their bank accounts

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Cyber scammers used victims’ mobile phones to clear their bank accounts.

National police have shut down a criminal network which specialised in cyber scams using a SIM swapping technique.
19 Venezuelen men were arrested after 16 home searches in Valencia and Madrid, which also saw police block 75 bank accounts.
It was discovered the cyber scammers swapped SIM cards when mobile phones were sent for repair, having been given security codes to access the phones.
“They then emptied their checking accounts and took out instant bank loans, converting the money obtained into cryptocurrency to launder it,” said a National Police spokesperson on Saturday, October 24.
A total of €450,000 was fraudulently accessed through the accounts of seven victims.
“The dismantled group operated throughout the national territory, mainly in the capital and the Spanish coast, with an international progression of its activity towards England and the United States,” added the police, which began the operation in June 2019.

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Written by

Tara Rippin

Tara Rippin is a reporter for Spain’s largest English-speaking newspaper, Euro Weekly News, and is responsible for the Costa Blanca region.
She has been in journalism for more than 20 years, having worked for local newspapers in the Midlands, UK, before relocating to Spain in 1990.
Since arriving, the mother-of-one has made her home on the Costa Blanca, while spending 18 months at the EWN head office in Fuengirola on the Costa del Sol.
She loves being part of a community that has a wonderful expat and Spanish mix, and strives to bring the latest and most relevant news to EWN’s loyal and valued readers.

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