Fraud Syndicate News Today

The Johannesburg high court on Monday sentenced a VAT fraud syndicate to a cumulative 205 years behind bars for 391 counts ranging from fraud, forgery, uttering, corruption and money laundering.

BALIK PULAU: Police have arrested three men suspected of acting as mule account holders for fraud syndicates, which recently resulted in victims suffering losses totalling RM41,447.70.

BALIK PULAU: The police arrested a local man who is believed to be a mule account holder for a fraud syndicate, causing the victim to lose RM97,000, in an incident in Balik Pulau recently.

Police say scammers tricked sellers of luxury items into believing funds had been transferred into accounts through non-cashable cheques that later bounced.

BALIK PULAU: Police have arrested a man and a woman suspected of being mule account holders for syndicates which duped people by offering non-existing online part-time jobs, causing losses of RM66,901.

Two brothers and their mother allegedly bought two luxury cars – a Porsche and a seven-seater vehicle – with suspected crime proceeds.

Syndicate used stolen credit card details to buy goods online that were then sold for profit.

A syndicate, based in Jharkhands Jamtara, defrauding gullible bank customers by pretending to be staff of a prominent bank has been busted by the Delhi Police with the arrest of six of its members and nearly 22,000 SIM cards recovered.

Syndicate suspects accused of stealing credit cards to buy luxury goods that were then sold for profit.

A fraud syndicate which operated out of Johannesburg and swindled a US-based company out of around R7.3m was taken down in raids across Johannesburg on Thursday.