Multimillion-euro internet scam successfully prosecuted

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According to the probe, the victims were led to trustworthy-appearing online trading platforms where they were promised high returns on their investments.

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Trading in cryptocurrencies, foreign exchange, or equities was promoted as a way to quickly amass large profits on these sites.

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Before submitting money, many victims were contacted by "brokers" via call centers, emails, or instant messengers. This money wasn't invested.

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The suspects are authorized account disposers suspected of money laundering for online trading platform operators.

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Missing persons come from 11 nations. Germany paid most of victims' EUR 4.3 million (home to more than half of the victims). Criminals have $700,000.

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Two individuals were apprehended in Belgium on September 6 during an action day coordinated by Eurojust. There were a total of 12 different places checked.

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2021: Germany, Finland sued Eurojust. The Agency supported EIOs, EAWs, and freezing orders with national authorities. Before action day, Eurojust had five meetings.

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Europol has been providing assistance with this critical investigation by doing specialized analysis and virtual tracking.

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European Financial and Economic Crime Centre specialists were also sent to Belgium and Latvia to aid local law enforcement agencies in their investigations.

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EMPACT was developed to address transnational organized and severe crime's threat to the EU. EMPACT benefits national authorities, EU institutions and bodies, and foreign partners.

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Each EMPACT cycle focuses on EU-wide crime prevention. Economic and financial crimes, especially fraud, are a focus in 2021-2025.

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Credit: Freepik