Federal authorities target global internet scam in Los Angeles

Prosecutors have charged 80 people with money laundering, fraud and identity theft; the thieves targeted mostly small businesses and the elderly, officials said.
1:04 | 08/23/19

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Transcript for Federal authorities target global internet scam in Los Angeles
major crackdown this evening. Federal authorities busting what they say was a global internet scam, one of the largest cases of its kind, they say, in U.S. History. Prosecutors charging 80 people with money laundering, fraud and identity theft. They're accused of stealing $10 million through various email scams. These scams, also we've reported before, often target the most vulnerable, seniors and small businesses and Matt Gutman in L.A. Tonight where the case broke wide open. Matt? Reporter: This was a massive bust, David. An FBI source telling me this was an incredibly sophisticated ring. They targeted big corporations and then posed as personnel or vendors, then they requested payment and because they looked so real, companies sent them millions. There were also romance schemes, some victims believing they were corresponding with military service members overseas. The defendants in this case are charged with money laundering and fraud and if convicted, they could face dozens of years behind bars. Authorities tonight tell us that the victims in this case are unlikely to recoup any of their money. David? Matt Gutman, thank you. Next tonight, to new images of the fiery jet crash in

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