09 May '13, 10am

Five Arrested Over £500k American Express Cyber Theft: (Loads of stolen money spent on Rolex watches …

Five Arrested Over £500k American Express Cyber Theft: (Loads of stolen money spent on Rolex watches …

The Metropolitan Police has arrested five men in relation to an investigation into an organised crime group, who broke into an American Express account and made off with £500,000. Organised cyber crooks were believed to have spent the money on Rolex watches, wine, diamonds, designer luggage and fine dining. It was claimed the criminals illegally accessed an American Express customer’s account details and gained control of their Black Centurian charge card, before going on a spending spree, in London, Barcelona, Madrid and Marbella, between December 2012 and March this year. American Express theft “It is alleged that one of them purported to be the victim and used fake identity documents in order to fraudulently use the card in various high-end stores,” the Met said in a statement today. The Met’s Police Central e-Crime Unit (PCeU) swooped on six addresses in Lambeth, Harro...

Full article: http://www.techweekeurope.co.uk/news/five-arrested-pceu-a...

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