Authorities, supported by Europol and Eurojust, have dismantled a transnational organized crime group responsible for defrauding over 100 individuals of more than €3 million. The operation, led by German investigators, culminated in coordinated raids across Cyprus, Albania, and Israel on 13 May 2025, resulting in several arrests, including a key suspect apprehended in Cyprus. The criminal network operated a fake online investment platform, which appeared professional and promised high returns. Victims were enticed to make small initial deposits. Once engaged, they were manipulated through fake dashboards and profit charts to invest significantly larger sums, under the illusion that their funds were growing. Investigations revealed that the fraudsters posed as legitimate brokers, using psychological tactics to build trust and pressure victims into transferring substantial funds. These funds were never invested but were instead misappropriated by the criminal group. The scam was coordinated through call centers staffed by trained agents skilled in deception and manipulation. This operation was initiated after a German couple reported their financial loss, leading to an in-depth investigation. Authorities identified at least seven other individuals involved, including key figures running the call centers. Citizens are advised to exercise extreme caution when approached by unsolicited investment offers and to verify the legitimacy of any trading platforms. Suspected fraud should be reported immediately to local law enforcement or cybercrime units.
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