Israeli and European police arrest suspects in Israel-run investment fraud
(Rheinland Pflaz Police) In a rare move, Israeli police last month arrested a suspect in an alleged €30 million ($36 million) investment scam, according to Europol. In a cross-border “action day” that took place on May 11, five people were arrested in Bulgaria and one in Israel, in connection with what Europol described as “a fraud […]
Eleven Arrested In Forex Scam
On Monday, March 31st, eleven people in Poland were arrested in connection to a foreign exchange brokerage scam. The Polish Police & reporters at InfoSecurity24 have noted that the individual’s arrests have been detained alongside others who helped with the fraud in Cyprus. Polish & Cyprus police worked in conjunction with one another, raiding both groups in both […]
International fraud in forex trade and binary options busted in Andorra
Spain’s Civil Guard (Guardia Civil) together with Catalan police (Mossos d’Esquadra), Andorra and Europol have teamed up to dismantle an investment fraud in foreign exchange and binary options markets. The scam is believed to have an international scope. Led by Andorran Police under the judicial direction of Specialized Batllia Instruction 2, an operation carried out […]
Israeli arrested at Greek airport over alleged million-euro scam ring
Ori Nagar, 37, accused of large-scale investment fraud by Germany, latest in string of alleged Israeli investment scammers targeted by prosecutors in Bavaria and elsewhere Greek police arrested an Israeli man at an airport in Thessaloniki last month on charges of defrauding mom-and-pop investors out of over a million euros. The man, identified by a […]
Major Forex Scam Discovered in Europe
For months Europol and Eurojust, supported by investigators from Germany, Austria, Serbia, Ukraine, and Bulgaria, have been investigating what appears to be one of the largest Forex scams in Europe. Arrests in connection with a large Forex scam branching out across Europe continue. Five suspects were arrested in Bulgaria in March, following nine arrests made in Bulgaria […]
Thailand’s Police Arrest 24 People for Running FX Investment Scam
Thailand police have busted a massive fraud forex investment racket that led to the arrest of 20 Chinese nationals and 4 Thais, according to a report on Friday by local news outlet Chiang Rai Times. The arrests were made in northern Thailand’s province of Chiang Rai. The local police detailed that the arrested Thais lived in the area, whereas […]
Singaporean suspected of Thai forex trading scam arrested in Phuket
BANGKOK: A Singaporean was arrested at Thailand’s Phuket International Airport on Monday (Jan 16) for his alleged involvement in a foreign exchange trading scam, according to the Public Relations Department of Phuket. The man identified as Daryl Yonghui Cai was detained by immigration and police officers at the airport’s departure hall where he was waiting […]
Consolidated worldwide claims – 2022 Q3
Key points UK-owned monetary financial institutions and their branches and subsidiaries worldwide reported a decrease in consolidated external claims on an ultimate risk basis of $78.9 billion during 2022 Q3, to a level of $4,032.1 billion. By sector, the largest decrease was on the public sector, down by $77.1 billion to a level of $1,254.4 […]
26 alleged forex fraudsters arrested in Tel Aviv in joint investigation with FBI
In a joint covert operation with the FBI, the Israel Police arrested 26 people overnight Tuesday-Wednesday in Tel Aviv on suspicion of involvement in alleged massive fraud and money-laundering offenses related to digital forex trading. The statement said the alleged cryptocurrency crimes involved victims abroad and amounted to tens of millions of shekels. The arrests […]
8 arrested in Spain for running a ‘cult-like’ crypto trading academy scam targeting young people
Lorena’s daughter was just 17 when she joined the IM Academy, an online trading course that promised to bring her wealth and success by training her in foreign exchange and cryptocurrency investing. But like hundreds of other young people in Europe, Lorena’s daughter ended up being sucked into what Spanish investigators are now calling a pyramid […]
