Multinational Phishing & Fraud by Chris Trayhorn, Publisher of mThink Blue Book, October 8, 2009 In probably unconnected news, the FBI announced this week that in collaboration with authorities in Egypt it has charged 53 people involved in a multinational phishing scheme. An additional 47 defendants have been charged in Egypt. In a two-year investigation known by the fantastic name of “Operation Phish Phry”, investigators allegedly uncovered a gang in which hackers in Egypt ran phishing scams to capture personal data and banking information from thousands of people, and then passed that data to co-conspirators in the USA. Defendants in the USA are charged variously with bank fraud and wire fraud and are subject to sentences that may range up to 20 years in prison. Filed under: Revenue About the Author Chris Trayhorn, Publisher of mThink Blue Book Chris Trayhorn is the Chairman of the Performance Marketing Industry Blue Ribbon Panel and the CEO of mThink.com, a leading online and content marketing agency. He has founded four successful marketing companies in London and San Francisco in the last 15 years, and is currently the founder and publisher of Revenue+Performance magazine, the magazine of the performance marketing industry since 2002.