Two More Arrested in $47.5 Million NCB Phishing Scam Probe

In a significant breakthrough in the investigation of a high-profile cybercrime, law enforcement authorities have arrested two additional suspects in connection with the $47.5 million phishing scam that targeted the National Commercial Bank (NCB). The arrests were carried out at approximately 5 a.m. Wednesday by officers from the Major Organised Crime and Anti-Corruption Agency (MOCA), in collaboration with the St Andrew North Police and the Jamaica Constabulary Force’s Specialised Operations Unit.

Major Basil Jarrett, Director of Communications at MOCA, confirmed that the suspects were apprehended at their residences in Portmore, St Catherine, and Havendale, St Andrew. “This morning’s arrest is a demonstration of the ongoing work that MOCA is doing to track down the persons responsible for this major cybercrime. It highlights our commitment to the task and once again emphasises the importance of partnerships and collaboration in dismantling organised criminal networks and in tackling such sophisticated cyber-enabled financial crimes,” Major Jarrett stated.

Investigators allege that between April and June 2022, over $47 million was illicitly withdrawn from 16 NCB accounts. The stolen funds were then transferred to several beneficiaries’ accounts, which have since been either withdrawn or moved to other banking institutions. This latest development adds to the growing list of arrests linked to the case, which notably includes a soldier from the Jamaica Defence Force.

The residences in Portmore and Havendale were meticulously searched during the arrests, resulting in the recovery of numerous evidentiary items believed to be critical to the investigation.

Authorities are urging members of the public to remain vigilant in their online activities. “If you notice any suspicious financial transactions or activity, please report them immediately to our tip line at 888-MOCA-TIP,” Major Jarrett advised.

As the investigation continues, law enforcement remains steadfast in its efforts to bring all individuals involved in the elaborate phishing scheme to justice, aiming to restore confidence in the nation’s financial systems.