Man arrested as police seize £80k cash and expensive goods in Stratford cybercrime raid
Cybercrime detectives arrested a 36-year-old man in Stratford following a long and complex investigation. Picture: Met Police - 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.
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.
Most Read
- 1 RideLondon 2022: East and central London roads among 100 miles of closures
- 2 School which has nine-hour days praised as 'outstanding'
- 3 Revealed: Your favourite fish and chip shop in east London
- 4 Three in custody over knifepoint robbery in East Ham after foot chase
- 5 Men jailed after violent beating with steering wheel lock caught on dashcam
- 6 Seven men charged following cannabis factory fight
- 7 Burrard Road stabbing: Plea date set for Custom House murder accused
- 8 Queen’s Platinum Jubilee: Street parties and road closures in Newham
- 9 Travel bulletin: Islington, Hackney, Tower Hamlets, Newham
- 10 Maskless passengers on London trains and buses fined 4,000 times
Police advise anyone who receives a text like this to delete it and not reply.
