It feels like we hear about a new scam every day. That's why we are happy to share a scam success story!
CNN Money reports that a well-known scammer who was responsible for scamming companies and individuals out of $60 million has been arrested. The scammer, who went by Mike, and another 38-year-old person convinced businesses all over the world to wire large sums of money into their bank accounts. Both individuals were arrested and are being charged with "hacking, conspiracy and obtaining money under false pretenses."
So next time you are contacted by a scammer over phone, text or email, be sure to report it to your local authorities. You can help the police catch scammers before too much damage can be done!