The European Union Agency for Law Enforcement Cooperation, or Europeol reported the arrest of five members of “Criminals Investment Fraud”.

In Monday’s notice, Europeol Said With the support of its agency and law enforcement from the United States, France and Estonia, the Spanish Guardia Civil allegedly arrested five people involved in a plan to cheat more than 5,000 out of 460 million euros, which was approximately $ 542 million at the time of publication. Officials made three arrests and discovery on the Canary Islands and discovered two in Madrid on Wednesday.

“To meet their fraud activities, criminal networks leaders allegedly used a trap of colleagues spread around the world to raise funds through cash withdrawal, bank transfer and crypto-transfers,” written in notice.

In this case, one of the biggest investment schemes related to cryptocurrency in Spain was marked. In January, local officials said they had Over 26 million frozen In digital assets associated with a money laundering operation.

“Investigators suspect the criminal organization to establish a corporate and banking network located in Hong Kong, allegedly paying gateways and user accounts in the name of various people and to obtain, store and transfer criminal funds in various exchanges.”

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https://www.youtube.com/watch?v=T06MVWZ6NGM

Crypto Crackdown continues internationally

On June 18, US justice department Announced seizure More than $ 225 million associated with pig but butcher fraud “Cryptocurrency investment scams”. The scheme refers to the practice of “fetting” the victims by assuring them to send them a large amount of money over time.

American official too Informed in June The five people convicted the $ 37 million Crypto scam, in which the assets were sent to Cambodia.

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