Authorities have arrested two TikTok users accused of helping operate a tax fraud scheme that allegedly attempted to claim around $204 million through the UK tax system.
HM Revenue and Customs (HMRC) said cybercrime investigators blocked £153 million ($204 million) in suspected fraudulent claims before the money could be paid out. Two Romanian nationals, aged 22 and 25, were arrested in east London and later released on bail while the investigation continues.
According to investigators, the suspects allegedly used TikTok to persuade people to share access to their tax accounts by promising easy cash rewards. Authorities claim that information was then used to submit fraudulent tax repayment claims.
HMRC has warned users not to share tax account details online, saying scammers often advertise “risk-free” money through social media platforms. The agency added that it never uses social media to offer tax rebates or request personal financial information.
The suspects were arrested on suspicion of fraud, unauthorized access to computer systems, assisting criminal activity, and money laundering offenses.