Man arrested as police seize £80k cash and expensive goods in Stratford cybercrime raid
- Credit: MPS
Cybercrime detectives have arrested a man and seized £80,000 in cash and high-end goods in Stratford.
The arrest was part of a long-running investigation into the organised ‘smishing’ and hacking of UK banking customers and subsequent laundering of the proceeds.
Officers from the Met’s cyber crime unit raided an address in Stratford late yesterday (June 17) and recovered around £80,000 in cash, five valuable watches and tens of thousands of pounds worth of high-end goods, including new iPhones.
A 36-year-old man was arrested on suspicion of money laundering offences and remains in custody.
Smishing, or SMS phishing, is when a scammer texts asking for personal or financial information.
You may also want to watch:
The message may appear to be from a legitimate company, like a mobile phone provider.
However, legitimate companies never ask you to provide sensitive information by text.
- 1 Cause of death remains unknown after body found in disused Forest Gate pub
- 2 Jailed man caught with knife in Stratford to be handed court order
- 3 Forest Gate triple shooting: 'Safety is everybody's business,' councillor says
- 4 Body found in derelict pub in Forest Gate
- 5 Tom Hiddleston to appear as MCM Comic Con returns to ExCeL London in Royal Docks
- 6 Hundreds arrested after police crackdown on county lines
- 7 Worshippers at mosque in Upton Park aim to raise £35k for Royal British Legion's Poppy Appeal 2021
- 8 Car abandoned after triple shooting and stabbing at Forest Gate barber
- 9 Thames Barrier closing for 200th time amid potential east London flooding
- 10 Stevenage and Leyton Orient still searching for a victory after stalemate at the Lamex
Police advise anyone who receives a text like this to delete it and not reply.