Sim farms to Gucci shoes: How smishing scammers fund their lavish lifestyles

Sim farms to Gucci shoes: How smishing scammers fund their lavish lifestyles

The tactics and spoils of smishing - scam texts that trick people into disclosing data - are revealed.

Police Find Text Scammers Earning Tens of Thousands a Month and Spending It on Designer Goods

Evidence of High Earnings and Lavish SpendingAn evidence room filled with designer shoes and handbags illustrates how profitable text-based fraud has become for criminals who send large volumes of scam messages. Det Ch Insp Paul Curtis, who leads investigations into these offences, says scammers tend to spend money immediately rather than save it. He points to shelves stacked with thousands of confiscated items, including Gucci stilettos and oth…