"Operation First Light Seizes $257m in Global Scam Bust"

Police forces from 61 countries have joined together to dismantle online scam networks through Operation First Light 2024. The operation, which was coordinated by Interpol, resulted in the arrest of 3950 suspects and the identification of 14,643 more.   Interpol noted that authorities managed to freeze 6745 bank accounts and seized assets worth $257m, significantly disrupting transnational organized crime networks involved in phishing, investment fraud, fake online shopping sites, and romance and impersonation scams.  Interpol said that during the operation, police intercepted approximately $135m in fiat currency and $2m in cryptocurrency.  In addition, over $120 million worth of assets, including real estate, luxury vehicles, and high-value jewelry, were confiscated.  Interpol noted that the operation saw significant achievements in various regions.  In Hong Kong, multiple suspects were apprehended, and in Brazil, the Federal Police seized luxury items, including jewelry and electronics.  In Namibia, authorities dismantled a sophisticated international scam network in the capital, rescuing 88 youths forced into conducting scams, and seized 163 computers and 350 mobile phones.

Infosecurity Magazine reports: "Operation First Light Seizes $257m in Global Scam Bust"