From Techdirt:

You would think that it wouldn't be that hard to track down phishing scammers. While they do try to hide themselves, in the end, there should be some sort of money trail leading back to them. However, for all the talk of trying to track these guys down, it seemed like no one ever got anywhere. There was a ton of hype around Microsoft catching a phishing "kingpin" until you realized that it was just some kid who set up a website and never made any money. The real problem, everyone always said, was that the real phishing kingpins operated as part of organized crime in Eastern Europe -- and that made them tough to track down. Partly due to the nature of any organized crime setup, it probably wasn't that hard to nab the small fry who were the front men -- but that was useless if you wanted to catch the big phish who actually masterminded the operation. However, that doesn't mean the authorities weren't working on it. The FBI has announced that they've brought down one phishing group, arresting at least 16 people. Up to five of those arrested are American with the rest being Polish. The FBI is still trying to track down others involved, including some in Romania. While it's definitely great to see them finally bring down a big phishing group, it should suggest how big a problem this really is that it's taken this long to nab one single group. Just imagine how many more are still out there, phishing away.