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Europol dismantles investment fraud scheme that targeted victims in more than 50 countries
Europol says a joint operation arrested seven suspects linked to an investment fraud scheme with potential victims in more than 50 countries, with estimated losses of at least $4.5 million. Searches across 17 countries led to the seizure of over 100 servers, and the suspects are facing extradition to Germany.
Police seize over 100 servers linked to investment fraud with more than €4 million in losses
Law enforcement arrested seven people and seized over 100 servers in a coordinated operation against an international investment fraud network, with losses exceeding €4 million according to reporting that cites Europol. The investigation started after a German couple complained in 2022 that they could not withdraw profits from an online trading platform they had invested their savings in.