Foresight News , Europol and Latvian counter-terrorism units recently raided an office in Latvia, dismantling a SIM card fraud ring. Police seized 1,200 SIM card boxes and 40,000 active SIM cards, capable of connecting to 80 countries simultaneously. The group operated two websites, Gogetsms and Apisim, providing criminals with on-demand rental of overseas phone numbers for phishing, bank fraud, investment scams, extortion, and human trafficking.
The network has been involved in at least 3,200 fraud cases in Austria and Latvia, resulting in losses of $5.8 million. Police also seized four luxury cars, froze $470,000 in bank accounts, and seized $290,000 in cryptocurrency. The group, operated by only seven people, created 49 million fake accounts through its services.
