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 Police appeal for help after woman raped in Beckton
- 2 Footage shows crowd piling onto train at Canning Town station
- 3 Newham's Covid-19 case rate 'huge' but there is 'light at end of the tunnel'
- 4 Forest Gate man, 21, charged with dangerous and drug driving
- 5 Double murder accused remanded in custody over ‘brutal’ stabbings
- 6 Dangerous driver arrested after police find drugs and £28k cash
- 7 Leyton Orient boss Embleton expecting more movement in the transfer window
- 8 Barts apologises to family after death of Stratford woman
- 9 Leyton Orient boss Embleton finally gets his man in Dan Kemp
- 10 Serial fraudster who set up fake real estate company jailed for six years
Police advise anyone who receives a text like this to delete it and not reply.