The EU Law Enforcement Cooperation Agency (Europol) reported arrests of five members of the “criminal network engaged in cryptocurrency investment fraud”.
In a Monday notice, Europol explain With the support of institutions and law enforcement in the United States, France and Estonia, Spain Guardia civilly arrested five people allegedly involved in a program to deceive more than 5,000 investors out of 460 million euros, about $542 million at the time of publication. Authorities reported three arrests and searches on the Canary Islands, with three arrests in Madrid on Wednesday.
“To carry out fraudulent activities, leaders of the criminal network allegedly used a group of employees to spread globally, raising funds through withdrawals of cash, bank transfers and crypto transferrs,” the notice said.
The case marks one of Spain’s largest investment plans involving cryptocurrencies. In January, local authorities said they had Freeze over $26 million In digital assets related to money laundering business.
“Investigators suspect that the criminal organization has established a network of companies and banks based in Hong Kong, allegedly using payment gateways and user accounts to use different people’s names and different communications to receive, store and transfer criminal funds.”
Related: Crypto scammers get $40 million for 8 years, EcoInpluls scam
https://www.youtube.com/watch?v=T06MVWZ6NGM
Crypto Calmness continues internationally
June 18, U.S. Department of Justice Announcement of epilepsy seizures More than $225 million in “related to cryptocurrency investment scams” involves pig slaughter fraud. The plan refers to the practice of “heavy” victims, convinced them to send money to an increasing amount of funds over time.
The same is true for the US authorities Reported in June The five men pleaded guilty to participating in a $37 million crypto scam in which assets were sent to Cambodia.
Magazine: Coinbase Hack Shows Laws May Not Protect You: Here’s Why
