Gardaí have arrested suspects in relation to two separate and unrelated frauds in which criminals based in Ireland tricked two companies into sending them a total of €500,000. The Irish Times understands in one case a company was defrauded of €300,000, and in the other case it was €200,000. One of the companies is Spanish but gardaí believe the criminals who defrauded that firm are based in the State. They involve criminals posing as a commercial entity that normally has dealings with the company they intend to target. When invoices were later sent for payment, the targeted companies lodged the money into the fraudsters’ account.

Source: The Irish Times May 09, 2018 16:30 UTC