A transnational money laundering scheme involving elder fraud has been exposed.

August 6, 2020

In a press release, Stephen Cox, U.S. Attorney for the Eastern District of Texas, said that a joint federal probe led by the IRS Criminal Investigation, the Treasury Inspector General for Tax Administration and others resulted in six arrests.

As part of the seven-year scam, “co-conspirators allegedly employed by call centers fraudulently induced” more than 4,000 U.S. victims to transfer some $3.2 million to them by posing as U.S. government officials. “The threat posed by transnational organized crime is continuing to increase,” Cox warned.

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