On October 8, 2009

Feds Nab Dozens in Bank Phishing Scheme

Authorities said Wednesday they have arrested 33 people in breaking up a crime ring in the U.S. and Egypt in which an elaborate “phishing” scam bilked bank customers out of at least $1 million. Federal authorities said a total of 53 people were named in an indictment, while authorities in Egypt have charged 47 others in connection with the scheme.

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