The Federal Bureau of Investigation said that "Operation WireWire" involved a six-month sweep and multiple law enforcement agencies, including the Department of Homeland Security, the Department of the Treasury and the US Postal Inspection Service.
Seventy-four people were arrested worldwide, including 42 in the United States, 29 in Nigeria, and three others in Canada, Mauritius, and Poland. The FBI added that $2.4 million dollars was seized, while $14 million in "fraudulent wire transfers" was recovered.
In its statement, the Justice Department notes that these sophisticated scam often target employees "with access to company finances and businesses working with foreign suppliers and/or businesses that regularly perform wire transfer payments".
Many of these cases involved worldwide criminal organizations which defrauded not only small-to-large sized businesses but also individuals including real estate purchasers and the elderly. Sometimes they'll ask for sensitive information such as employee tax records instead of, or in addition to, asking for money.
The US said such scams are "prevalent" and pledged to pursue perpetrators "regardless of where they are located".
Trump signs `comprehensive document' with Kim as summit ends
The video was also shown to a wider audience at the start of Tuesday's press conference before making the rounds on social media. In April, Kim and South Korean President Moon Jae-in had held a historic summit to bring lasting peace in the Korean Peninsula.
The Justice Department said BEC schemes and similar email scams have cost victims $3.7 billion since the Internet Crime Complaint Center (IC3) began tracking the incidents. "The defendant sent the emails with the intent of having the recipients send or wire money to bank accounts used, accessed, or controlled by others in furtherance of the conspiracy". The elderly are particularly targeted in BEC schemes.
It culminated in more than two weeks of intensified law enforcement activity resulting in 73 arrests in the USA and overseas, primarily in Nigeria, and the recovery or seizure of about $6 million.
"Many people are greedy, and so there will be others ready to quickly step in to take up the task of committing these frauds".
Trump confused by Trudeau's 'pushed around' comment
May also rejected President Trump's suggestion that Russian Federation should be brought back into the G7. "That will not stand". The summit was seen as an opportunity to overcome disagreements on new tariffs imposed by the USA on imports.
Unprecedented meeting seen as a path to world peace
I still kept going back, I showed my loyalty to this country, and I said to everybody the door will open. He instead suggested Trump's comment about suspending military exercises was "part of the negotiating".
Robert De Niro Says 'F--k Trump' at 2018 Tony Awards
Ted Nugent tweeted: 'Damn shame Robert de Niro turned into such a hypocritical America hating drug-addled jerk'. De Niro made his comments at a groundbreaking for a new restaurant and hotel complex in Toronto.
Ivanka Trump tweets 'Chinese' proverb, confusing China
Others pointed to more informal phrases that are popular in China, such as " If you can do it, do it; if you can't, shut up ". Maybe she just saw it on a fortune cookie? It's not the first time Ivanka has mistakenly attributed a saying to Chinese lore.