U.S. Authorities Seize $372,583 in Business Email Compromise Scam

Federal authorities have secured a court judgment to forfeit approximately $375,000 linked to a 2022 business email compromise scam that defrauded an Iowa company of over $800,000. The funds were traced to a Wells Fargo account held by Manuel and Ibrahim Hazim, who claimed the money originated from a currency exchange arrangement but failed to provide sworn evidence. Investigators found no legitimate business activity between the victims and the suspects.