Online currency exchange firm Liberty Reserve was last week found guilty of laundering $6 billion and it has now emerged that the organisation is linked to last year’s $45 million Bank of Muscat and RAKBANK frauds.
Spanish police arrest 8 in Bank of Muscat, RAKBANK theft
Spanish police said Sunday eight people have been arrested who allegedly aided a global ring that stole $45 million from the Bank of Muscat and RAKBANK through fraudulent ATM withdrawals adding to arrests made by the U.S. and Germany in the scam.
Six more arrested in $45 million Bank of Muscat, Ras Al-Khaimah bank theft
Six more alleged participants were arrested Monday in a US$45 million global ATM fraud, including one man who was photographed stuffing $800,000 into a suitcase, federal prosecutors in New York said.