Remember the fake phone calls from people posing as IRS agents demanding immediate payment for owed back taxes?

The Mumbai, India police recently arrested more than 70 people and another 600 more expected to be charged with the tax scam that has cheated more than 5,000 US nationals out of an estimated $26 million.

According to Mumbai police the scam involved setting up fake call centers that would send messages to US national threatening immediate payment of owed back taxes. The caller would use very strong language to scare people in to making immediate payment over the telephone via credit cards, debit cards, and even gift cards. Mumbai police estimates that the scam brought in more than $150,000 a day or about $55 million a year.

It was also reported that a US based company allegedly collected the victims personal information and pass it on to the fake call centers.

Thank you Mumbai police! Hopefully this will put an end to this criminal activity.

The IRS reported that there have been more than 900,000 complaints since October 2013. It’s important to remember that the IRS will never call you and demand immediate payment over the telephone. The agency will also never ask for payment via a credit card. Remember, if you ever get a call from someone claiming to be an IRS agent demanding payment, just hang up the phone.