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Major probe Gardai arrest man they believe recruited 'money mules' for crime gang in €14m fraud

During the course of the arrest a large amount of potential evidence was seized including phones, laptops, bank cards and other documents.”

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A stock picture of the Garda badge logo (Niall Carson/PA)

A stock picture of the Garda badge logo (Niall Carson/PA)

A stock picture of the Garda badge logo (Niall Carson/PA)

A third person has been arrested by gardaí investigating a criminal organisation that they believe has stolen over €14 million in invoice redirect frauds across the world. 

The 32-year-old man was arrested this morning in Balbriggan by gardai attached to the Garda National Economic Crime Bureau (GNECB).

Gardai said he is suspected to be involved in the recruitment of “money mules” and the laundering of the proceeds of crime through multiple bank accounts.

“The man was arrested in relation to an offence of directing a criminal organisation, contrary to Sec 71A of the Criminal Justice Act, 2006 as amended,” gardai said.

“He is also suspected to be involved in the recruitment of money mules and the laundering of the proceeds of crime through multiple bank accounts. During the course of the arrest a large amount of potential evidence was seized including phones, laptops, bank cards and other documents.”

According to gardai the man is currently detained under the provisions of Sec 50 of the Criminal Justice Act, 2007 at Balbriggan Garda Station and can be detained for up to seven days.

“This arrest is the third person arrested for directing this criminal organisation,” gardai added.

“It is known now that this criminal organisation have stolen over €14 million worldwide in invoice redirect frauds/BEC frauds with at least €8 - €9 million laundered through the bank accounts of gang members and money mules all over Ireland. "

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