Santiago city council recovers millions after attempted electronic fraud

Santiago de los Caballeros Mayor Ulises Rodríguez revealed that an electronic fraud attempt targeting the city council's accounts was partially successful, with criminals transferring RD$3.4 million of the intended RD$5 million. However, Rodríguez assured that the stolen funds were recovered thanks to the rapid intervention of city personnel, the involved bank, and relevant authorities.

The fraud occurred between April 24 and 25. Rodríguez detailed that two transfers were made: RD$2.9 million initially, followed by another RD$300,000. The city's finance team detected the irregularities and immediately alerted the bank, which enabled the activation of security protocols and the tracking of those responsible. "They went to withdraw and were detained there," the mayor stated.

While about RD$600,000 that had already been withdrawn was returned, the rest of the money was recovered through the actions of the bank and authorities. The investigation also led to the blocking of compromised accounts, the recovery of funds, and the strengthening of the city council's security measures against future attacks.

Rodríguez voiced alarm over the increasing prevalence of electronic fraud, urging citizens to exercise extreme caution with phone calls, messages, and emails from fraudsters impersonating bank representatives to solicit sensitive information. "There is a mafia set up with this issue," he warned, noting that criminals even spoof bank phone numbers and use hold music. He emphasized that this type of fraud affects not only public institutions but also individuals across various sectors, with criminals often using accounts of low-income individuals to move illicit funds.

The mayor also shared his personal experience, having been a victim of electronic fraud on a personal bank account months prior. This led him to minimize his use of bank cards, particularly debit cards, and opt for digital payment platforms as a preventative measure.