Security News > 2023 > May > Spanish Police Takes Down Massive Cybercrime Ring, 40 Arrested

The National Police of Spain said it arrested 40 individuals for their alleged involvement in an organized crime gang called Trinitarians.

Among those apprehended include two hackers who carried out bank scams through phishing and smishing techniques and 15 other members of the crime syndicate, who have all been charged with a number of offenses such as bank fraud, forging documents, identity theft, and money laundering.

"The criminal organization used hacking tools and business logistics to carry out computer scams," officials said.

The stolen cards were used to purchase digital assets, which were then cashed out to fund the group's operations, such as paying legal fees, sending money to members in prison, and the purchase of narcotics and weapons.

Some of the illicit proceeds were also sent to foreign bank accounts, from where other group members used the money to purchase real estate in the Dominican Republic.

"They also had an extensive network of mules that they used to receive money from bank transfers and withdraw it through ATMs," the National Police said.

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