Romance Scam
Suspected Black Axe gang leaders face cybercrime charges in the US
Five alleged leaders of the Black Axe cybercrime syndicate, known for its involvement in global-scale cyber-enabled financial fraud, have been extradited to the United States to face wire fraud and money laundering charges. Defendants Perry Osagiede, Franklyn Osagiede, Osariemen Clement, Collins Otughwor, and Musa Mudashiru have been indicted for coordinating a large-scale internet fraud campaign […]
Ghanain man pleads guilty to role in $100 million fraud ring
A Ghanaian national pleaded guilty to his role in a massive fraud ring that stole over $100 million from victims across the United States through business email compromise attacks and romance scams. 40-year-old Derrick Van Yeboah pleaded guilty to conspiracy to commit wire fraud on Thursday and agreed to pay more than $10 million in […]
‘Chairmen’ of $100 million scam operation extradited to US
The U.S. Department of Justice charged four Ghanaian nationals for their roles in a massive fraud ring linked to the theft of over $100 million in romance scams and business email compromise attacks. The defendants were allegedly high-ranking members of a major international fraud ring based in Ghana that targeted companies and individuals across the United States […]
Interpol replaces dehumanizing “Pig Butchering” term with “Romance Baiting”
Interpol calls on the cybersecurity community, law enforcement, and the media to stop using the term “Pig Butchering” when referring to online relationship and investment scams, as it unnecessarily shames the victims impacted by these fraud campaigns. The term “pig butchering” comes from how scammers perform social engineering scams where the victims are described as […]