iSpoof Fraud Site Taken Down by UK Police
As an affiliate, we may earn from qualifying purchases. We get commissions for purchases made through links on this website.
Receive $10 in Bitcoin when you buy or sell $100 or more on Coinbase! https://mathisenmarketing.com/coinbase
- Britain’s biggest ever fraud investigation has led to the arrest of more than 100 people
- Fraudsters would use iSpoof’s services to disguise their phone numbers and cheat victims out of their money
- Teejai Fletcher, the creator of iSpoof, took the payment in bitcoins, believing it would keep him safe
Britain’s biggest ever fraud investigation has led to it arresting more than 100 people who used the services of the iSpoof website. Founded in December 2020, iSpoof was a service that allowed anyone to mask their phone number and pretend they were calling from a legitimate organization. hoax money from unsuspecting victims. Criminals who paid for the service Bitcoinis believed to have received around £50 million ($60.4 million) from the company.
More than 200,000 victims
British police estimate that more than 200,000 potential victims were targeted by the iSpoof website, which was taken down by its cybercrime unit this week with the help of US and Ukrainian authorities. The average amount stolen was £10,000, although the actual figure is believed to be much higher as this type of fraud is typically too small.
Scammers would pay iSpoof for the service in bitcoins, which they would use to convince victims to hand over money or give them access to their bank accounts. In one case, the victim was taken for £3 million ($3.6 million).
The author was paid in Bitcoin
Users of the service believed they were anonymous, but the police were able to break into the iSpook servers and record the calls. As a result, more than 100 people have been arrested, mainly in London. Teejai Fletcher, the suspected mastermind behind the website, was described by police as living a “lavish” lifestyle with her earnings, including the transfer of bitcoin, which may have been seized by police, although this was not reported.
Fletcher is accused of manufacturing or supplying items used in fraud, participating in the activities of an organized criminal group and benefiting from crime.