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 Second jabs hub opening at Westfield as ExCeL London vaccination centre soon to close
- 2 Newham foster carers on 'most rewarding and uplifting experience'
- 3 Feminism, corner shops and bricks: Here's what's happening in Newham Heritage Month
- 4 Ex-student who got MIT scholarship sets up tutor business to help others
- 5 'Council houses now': Protesters stage action over empty homes
- 6 Call The Midwife stars meet Bonny Downs staff and families
- 7 Website helps disadvantaged youth understand job roles to raise aspirations
- 8 Anonymous tip off could hold key to murder of Sami Sidhom three years later
- 9 Newham to start weekly recycling collections
- 10 WSL: West Ham 0 Aston Villa 0
Police advise anyone who receives a text like this to delete it and not reply.