90 suspects belonging to three different cyber fraud gangs have been arrested following a coordinated action by the Romanian Directorate for the Investigation of Organized Crime and Terrorism (DIICOT), the National Police, Intelligence Service and the General Directorate for Intelligence and Internal Security.
More than 1,000 eBay and Craigslist users were defrauded over a period of three years, and total losses are estimated at $20 million.
According to Softpedia, the Romanian authorities have had help from the FBI and Secret Service agents stationed in the capital, since the criminals used bank accounts in the U.S. to receive the money from the bogus sales.
Once the money was deposited, money mules would wire it to bank accounts in Romania.
Romania has long been know for cyber criminals that have a predilection for “auction fraud”. Some American companies have threatened to cut ties with the country if it doesn’t put a stop to them, and the Romanian government and law enforcement have obviously taken the ultimatum to heart.