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Justice Department Arrests 74 in US, Overseas Fraud Scheme

The U.S. Justice Department announced Monday the arrests of 74 people in the United States and overseas for cyber-related financial fraud schemes targeting businesses and individuals, often senior citizens. The perpetrators used business email compromise schemes to intercept or hijack wire transfers. According to authorities, the scammers would impersonate potential business and romantic partners and persuade the victims to wire money to bank accounts in the fraudsters'...

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