{"id":51855,"date":"2026-09-26T07:04:49","date_gmt":"2026-09-26T07:04:49","guid":{"rendered":"https:\/\/cryptomag.finance\/?p=51855"},"modified":"2026-09-26T07:04:49","modified_gmt":"2026-09-26T07:04:49","slug":"alleged-fraudster-drains-800000-from-iowa-firm-in-business-email-scam-feds-seize-372583","status":"publish","type":"post","link":"https:\/\/cryptomag.finance\/?p=51855","title":{"rendered":"Alleged Fraudster Drains $800,000 From Iowa Firm in Business Email Scam, Feds Seize $372,583"},"content":{"rendered":"

\"\"<\/p>\n

Federal authorities have secured a court judgment forfeiting roughly $375,000 in proceeds from a business email compromise scam that hit an Iowa company in 2022.<\/p>\n

The U.S. District Court for the Northern District of Iowa issued the order Tuesday after tracing the funds to a Wells Fargo account in the names of Manuel and Ibrahim Hazim, says<\/a> the U.S. Attorney\u2019s Office for the Northern District of Iowa.<\/p>\n

In the scheme, the scammer allegedly posed as vendors of an Iowa company and instructed an employee to send payments to a bank account controlled by the fraudster.<\/p>\n

Believing the requests were legitimate invoice payments, the company transferred more than $800,000 to the account in mid-2022. The scammer subsequently moved the money through additional bank accounts in an effort to make the proceeds harder to trace. Authorities ultimately seized $372,583.77 in alleged fraud proceeds from a Wells Fargo account belonging to Manuel and Ibrahim Hazim.<\/p>\n

Checks deposited into the account referenced a firm named \u201cMack Truck\u201d along with \u201cprocurement\u201d and payment\u201d in the memo line, yet investigators found no legitimate business activity tied to the deposits.<\/p>\n

The Hazims asserted innocent ownership and said the funds were from a currency exchange arrangement but did not provide sworn statements as required.<\/p>\n

\u201cInvestigation showed that the Hazims did not own or sell a Mack Truck or engage in any other legitimate business transaction with the individual who deposited the funds.\u201d<\/em><\/p>\n

Says US Attorney Leif Olson,<\/p>\n

\u201cCriminals continue to target Americans with email compromise scams. Protect yourself by examining the addresses of incoming emails for differences from previous emails. Follow up in person or by phone to make sure requests are legitimate, especially when someone asks you to change where to send payment. If you or your company are targeted by one of these scams, report it to your bank, to law enforcement, and to the FBI\u2019s Internet Crime Complaint Center. We will use every available tool to track down scammers and recover the money they stole.\u201d<\/em><\/p>\n

Follow us on X<\/a>, Facebook<\/a> and Telegram<\/a><\/span><\/em>
\n
\nDon’t Miss a Beat \u2013 Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em>
\n<\/p>\n

\n
<\/div>\n

&nbsp<\/p>\n

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any assets including cryptocurrencies, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.<\/h6>\n<\/div>\n

Generated Image: Midjourney<\/span><\/em><\/p>\n

The post Alleged Fraudster Drains $800,000 From Iowa Firm in Business Email Scam, Feds Seize $372,583<\/a> appeared first on The Daily Hodl<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Federal authorities have secured a court judgment forfeiting roughly $375,000 in proceeds from a business email compromise scam that hit an Iowa company in 2022. The U.S. District Court for the Northern District of Iowa issued the order Tuesday after tracing the funds to a Wells Fargo account in the names of Manuel and Ibrahim […]<\/p>\n","protected":false},"author":1,"featured_media":51856,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"footnotes":""},"categories":[],"tags":[],"class_list":["post-51855","post","type-post","status-publish","format-standard","has-post-thumbnail"],"yoast_head":"\nAlleged Fraudster Drains $800,000 From Iowa Firm in Business Email Scam, Feds Seize $372,583 - Cryptomag<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptomag.finance\/?p=51855\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Alleged Fraudster Drains $800,000 From Iowa Firm in Business Email Scam, Feds Seize $372,583 - Cryptomag\" \/>\n<meta property=\"og:description\" content=\"Federal authorities have secured a court judgment forfeiting roughly $375,000 in proceeds from a business email compromise scam that hit an Iowa company in 2022. The U.S. District Court for the Northern District of Iowa issued the order Tuesday after tracing the funds to a Wells Fargo account in the names of Manuel and Ibrahim […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptomag.finance\/?p=51855\" \/>\n<meta property=\"og:site_name\" content=\"Cryptomag\" \/>\n<meta property=\"article:published_time\" content=\"2026-09-26T07:04:49+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/dailyhodl.com\/wp-content\/uploads\/2023\/10\/480-to-Scammers.jpg?resize=1024,600\" \/>\n<meta name=\"author\" content=\"Crypto Magazine\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptomagz\" \/>\n<meta name=\"twitter:site\" content=\"@cryptomagz\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Crypto Magazine\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=51855#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=51855\"},\"author\":{\"name\":\"Crypto Magazine\",\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/#\\\/schema\\\/person\\\/f749cd846c4f13ef717c12a20ce9d040\"},\"headline\":\"Alleged Fraudster Drains $800,000 From Iowa Firm in Business Email Scam, Feds Seize $372,583\",\"datePublished\":\"2026-09-26T07:04:49+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=51855\"},\"wordCount\":472,\"image\":{\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=51855#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cryptomag.finance\\\/wp-content\\\/uploads\\\/480-to-Scammers-o4OjQW.jpg\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=51855\",\"url\":\"https:\\\/\\\/cryptomag.finance\\\/?p=51855\",\"name\":\"Alleged Fraudster Drains $800,000 From Iowa Firm in Business Email Scam, Feds Seize $372,583 - Cryptomag\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=51855#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=51855#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cryptomag.finance\\\/wp-content\\\/uploads\\\/480-to-Scammers-o4OjQW.jpg\",\"datePublished\":\"2026-09-26T07:04:49+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/#\\\/schema\\\/person\\\/f749cd846c4f13ef717c12a20ce9d040\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=51855#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/cryptomag.finance\\\/?p=51855\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=51855#primaryimage\",\"url\":\"https:\\\/\\\/cryptomag.finance\\\/wp-content\\\/uploads\\\/480-to-Scammers-o4OjQW.jpg\",\"contentUrl\":\"https:\\\/\\\/cryptomag.finance\\\/wp-content\\\/uploads\\\/480-to-Scammers-o4OjQW.jpg\",\"width\":1024,\"height\":600},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=51855#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/cryptomag.finance\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Alleged Fraudster Drains $800,000 From Iowa Firm in Business Email Scam, Feds Seize $372,583\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/#website\",\"url\":\"https:\\\/\\\/cryptomag.finance\\\/\",\"name\":\"Cryptomag\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/cryptomag.finance\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/#\\\/schema\\\/person\\\/f749cd846c4f13ef717c12a20ce9d040\",\"name\":\"Crypto Magazine\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/2c24e7a3322cdb9140c7dde381c870ae2c527e0dc5af67ed7a7db042bb2e1d14?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/2c24e7a3322cdb9140c7dde381c870ae2c527e0dc5af67ed7a7db042bb2e1d14?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/2c24e7a3322cdb9140c7dde381c870ae2c527e0dc5af67ed7a7db042bb2e1d14?s=96&d=mm&r=g\",\"caption\":\"Crypto Magazine\"},\"sameAs\":[\"https:\\\/\\\/cryptomag.finance\",\"https:\\\/\\\/x.com\\\/cryptomagz\"],\"url\":\"https:\\\/\\\/cryptomag.finance\\\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Alleged Fraudster Drains $800,000 From Iowa Firm in Business Email Scam, Feds Seize $372,583 - Cryptomag","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/cryptomag.finance\/?p=51855","og_locale":"en_US","og_type":"article","og_title":"Alleged Fraudster Drains $800,000 From Iowa Firm in Business Email Scam, Feds Seize $372,583 - Cryptomag","og_description":"Federal authorities have secured a court judgment forfeiting roughly $375,000 in proceeds from a business email compromise scam that hit an Iowa company in 2022. The U.S. District Court for the Northern District of Iowa issued the order Tuesday after tracing the funds to a Wells Fargo account in the names of Manuel and Ibrahim […]","og_url":"https:\/\/cryptomag.finance\/?p=51855","og_site_name":"Cryptomag","article_published_time":"2026-09-26T07:04:49+00:00","og_image":[{"url":"https:\/\/dailyhodl.com\/wp-content\/uploads\/2023\/10\/480-to-Scammers.jpg?resize=1024,600","type":"","width":"","height":""}],"author":"Crypto Magazine","twitter_card":"summary_large_image","twitter_creator":"@cryptomagz","twitter_site":"@cryptomagz","twitter_misc":{"Written by":"Crypto Magazine","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/cryptomag.finance\/?p=51855#article","isPartOf":{"@id":"https:\/\/cryptomag.finance\/?p=51855"},"author":{"name":"Crypto Magazine","@id":"https:\/\/cryptomag.finance\/#\/schema\/person\/f749cd846c4f13ef717c12a20ce9d040"},"headline":"Alleged Fraudster Drains $800,000 From Iowa Firm in Business Email Scam, Feds Seize $372,583","datePublished":"2026-09-26T07:04:49+00:00","mainEntityOfPage":{"@id":"https:\/\/cryptomag.finance\/?p=51855"},"wordCount":472,"image":{"@id":"https:\/\/cryptomag.finance\/?p=51855#primaryimage"},"thumbnailUrl":"https:\/\/cryptomag.finance\/wp-content\/uploads\/480-to-Scammers-o4OjQW.jpg","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/cryptomag.finance\/?p=51855","url":"https:\/\/cryptomag.finance\/?p=51855","name":"Alleged Fraudster Drains $800,000 From Iowa Firm in Business Email Scam, Feds Seize $372,583 - Cryptomag","isPartOf":{"@id":"https:\/\/cryptomag.finance\/#website"},"primaryImageOfPage":{"@id":"https:\/\/cryptomag.finance\/?p=51855#primaryimage"},"image":{"@id":"https:\/\/cryptomag.finance\/?p=51855#primaryimage"},"thumbnailUrl":"https:\/\/cryptomag.finance\/wp-content\/uploads\/480-to-Scammers-o4OjQW.jpg","datePublished":"2026-09-26T07:04:49+00:00","author":{"@id":"https:\/\/cryptomag.finance\/#\/schema\/person\/f749cd846c4f13ef717c12a20ce9d040"},"breadcrumb":{"@id":"https:\/\/cryptomag.finance\/?p=51855#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/cryptomag.finance\/?p=51855"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cryptomag.finance\/?p=51855#primaryimage","url":"https:\/\/cryptomag.finance\/wp-content\/uploads\/480-to-Scammers-o4OjQW.jpg","contentUrl":"https:\/\/cryptomag.finance\/wp-content\/uploads\/480-to-Scammers-o4OjQW.jpg","width":1024,"height":600},{"@type":"BreadcrumbList","@id":"https:\/\/cryptomag.finance\/?p=51855#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/cryptomag.finance\/"},{"@type":"ListItem","position":2,"name":"Alleged Fraudster Drains $800,000 From Iowa Firm in Business Email Scam, Feds Seize $372,583"}]},{"@type":"WebSite","@id":"https:\/\/cryptomag.finance\/#website","url":"https:\/\/cryptomag.finance\/","name":"Cryptomag","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/cryptomag.finance\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/cryptomag.finance\/#\/schema\/person\/f749cd846c4f13ef717c12a20ce9d040","name":"Crypto Magazine","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/2c24e7a3322cdb9140c7dde381c870ae2c527e0dc5af67ed7a7db042bb2e1d14?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/2c24e7a3322cdb9140c7dde381c870ae2c527e0dc5af67ed7a7db042bb2e1d14?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/2c24e7a3322cdb9140c7dde381c870ae2c527e0dc5af67ed7a7db042bb2e1d14?s=96&d=mm&r=g","caption":"Crypto Magazine"},"sameAs":["https:\/\/cryptomag.finance","https:\/\/x.com\/cryptomagz"],"url":"https:\/\/cryptomag.finance\/?author=1"}]}},"_links":{"self":[{"href":"https:\/\/cryptomag.finance\/index.php?rest_route=\/wp\/v2\/posts\/51855","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptomag.finance\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptomag.finance\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptomag.finance\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptomag.finance\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=51855"}],"version-history":[{"count":0,"href":"https:\/\/cryptomag.finance\/index.php?rest_route=\/wp\/v2\/posts\/51855\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptomag.finance\/index.php?rest_route=\/wp\/v2\/media\/51856"}],"wp:attachment":[{"href":"https:\/\/cryptomag.finance\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=51855"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptomag.finance\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=51855"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptomag.finance\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=51855"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}