Eleven arrests as German, Israeli and Georgian authorities stop major online investment scam

Mark Battersby
clock • 2 min read

Europe's law enforcement agency Eurojust made 11 arrests as they dismantled a criminal network operating at least 18 online trading platforms, defrauding investors of at least tens of millions of euros, it said in a statement on 27 October. Authorities in Germany, Georgia and Israel, with the help of Eurojust, targeted a group of fraudsters of Georgian and Israeli origin who had set up several limited companies, which operated these platforms. They pretended to generate high profits on investments in financial securities, shares, commodity assets, currencies and cryptocurrencies. ...

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