US indictment charges 80 in fraud schemes, money laundering

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LOS ANGELES (AP) — U.S. authorities have unsealed a 252-count grand jury indictment charging 80 people with participating in a conspiracy to steal millions of dollars through a range of fraud schemes and laundering the funds through a Los Angeles-based network.

WATCH: FBI holds a press conference regarding 80 people in the U.S. & abroad charged in relation to business email compromise and money laundering schemes

FBI holds a press conference regarding 80 people in the U.S. & abroad charged in relation to business email compromise and money laundering schemes

BREAKING LIVE: FBI holds a press conference about one of the biggest online scam in U.S. history. 80 people in the U.S. & abroad are charged in relation to business email compromise and money laundering schemes.

Posted by CBS 42 on Thursday, August 22, 2019

The U.S. Attorney’s Office says Thursday most of the defendants are Nigerian citizens.

Fourteen defendants have been arrested, mostly in the Los Angeles region. Six others are believed to be fugitives in the U.S. and the others are abroad, mostly in Nigeria.

Prosecutors say the schemes included frauds involving compromise of business email, romance scams and schemes targeting the elderly.

Authorities say the schemes targeted victims in the U.S. and around the world, and some lost hundreds of thousands of dollars.

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