1 points•0 comments•57m ago•by jacquesm•dutchnews.nl ↗

Police break up €100M-a-month investment fraud ring

Dutch police say they have largely dismantled an international investment fraud ring that allegedly earned more than €100 million per month, operating about 20 call centres with more than 700 staff posing as financial advisers. Victims were persuaded to invest in cryptocurrency via fake trading platforms where no money was actually invested, with Dutch victims losing about €25 million. The main suspect, a 46-year-old man with Israeli and Polish nationality and a known hacker, was arrested in Poland in May; further arrests followed in Cyprus and Athens in July; authorities say tens of thousands worldwide have been defrauded.

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