News & Insights

Sher Tremonte Obtains Freeze Order on Behalf of Victim of Internet Fraud Scheme

On December 12, 2011, Sher Tremonte successfully obtained a temporary restraining order that froze 17 bank accounts across the United States in connection with an alleged international fraud and money laundering scheme. Sher Tremonte’s client, a company based in Dubai, lost over $1.2 million after fraudsters hacked into the company’s e-mail account, sent bogus invoices and directed the company to wire funds to bank accounts in Hong Kong, Taiwan, Singapore and the United States. The fraudsters then attempted to launder the money by purchasing used cars from dozens of different companies located throughout the United States. The case is proceeding in the Commercial Division of the New York Supreme Court.