Hacking for Tickets
April 2, 2010
It’s not a ticket sale scam, but a hacking and wire fraud operation. FBI Special Agent Phil Frigm in Newark says two different squads joined forces to tackle the bad guys.
Mr. Schiff: It’s not a ticket sale scam, but a hacking and wire fraud operation. FBI Special Agent Phil Frigm in Newark says two different squads joined forces to tackle the bad guys.
Mr. Frigm: “A cooperative effort between our securities fraud/white collar crimes squad and the cyber squad.”
Mr. Schiff: Frigm says it’s a matter of keeping up with the Joneses.
Mr. Frigm: “The bad guys out there are using cyber simply as another tool in their tool belt, if you will, to commit all kinds of fraud and white collar-type crimes.”
Mr. Schiff: Following the money is key. Special Agent Greg Yankow in Newark says it helps if you find a bank account or check used in a crime.
Mr. Yankow : “Then starting with one bank account number and using federal grand jury subpoena powers, you can locate almost anything about an individual and what they are using their money for.”
Mr. Schiff: Frigm and Yankow found that more than a million concert tickets were sold fraudulently with revenue hitting around $29 million. A trial is forthcoming. I’m Neal Schiff of the Bureau and that’s what’s happening at the “FBI, This Week.”
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