Law enforcement officials have arrested 40 individuals connected to a sophisticated bank fraud scheme that relied on personal information obtained from the dark web. The group is accused of stealing between $360,000 and $600,000 from victims, many of whom are located in the Houston area.

The investigation, dubbed “Operation Cash Back,” revealed that the criminals used stolen data to access victims’ bank accounts and initiate unauthorized wire transfers. Mont Belvieu Police Chief Jimmy Ellison explained that the criminals then laundered the stolen funds through accounts belonging to friends, family, and others recruited via social media.

“Crooks have nothing but time to figure out how to get your data,” Ellison said, emphasizing the importance of protecting personal information.

The ringleaders of the scheme have been identified as 23-year-old Gregory Edwards III, 25-year-old Doc Frank, 20-year-old Jayson Gipson, and 21-year-old Lajewel McGilbray. They have been charged with engaging in organized criminal activity and money laundering.

The investigation also uncovered that some criminal associates were based in states as far away as Georgia and Illinois, indicating the scheme’s extensive reach. Authorities continue to investigate and seek out additional suspects.

Security experts advise the public to protect themselves from similar schemes by using strong, unique passwords, enabling two-factor authentication, and taking advantage of biometric security features. The arrests mark a significant step in combating cybercrime, but authorities warn that vigilance remains essential.