Third man arrested in local bank text scam

(CNS) UPDATED: Police said, Tuesday, that they have now arrested a third man in relation to a local text message banking scam. The 19-year-old from George Town was arrested on suspicion of money laundering offenses. He has been bailed as the police continue investigations into the scam in which several local people have lost undisclosed amounts of cash.

The latest arrests comes after the RCIPS revealed the arrest of a second man yesterday in connection with the alleged con. See details below

ORIGINAL POST: A 21-year-old man from George Town has been arrested and bailed in the RCIPS investigation into a local text message scam targeting banking customers. The second man netted by investigators has been arrested on suspicion of money laundering offences, as a result of the inquiry into this home-grown scam that has seen several people lose significant amounts of money.

A 24-year-old man from Bodden Town was arrested last month on suspicion of money laundering offences in relation to the same scam. Both men have been bailed as the investigation continues.