Spanish police decrease $ 540 million in encryption fraud ring star-news.press/wp

The Spanish authorities arrested five members in an international fraud, stealing up to $ 540 million. Borrelli targeted a mysterious group with victims in 30 different countries.

The police did not provide many major details about the group, such as how they defrauded their victims exactly. At the present time, it is not clear whether any members are still or not.

The main coded fraud ring

The encryption fraud is a settler part of this industry, but it is especially prevalent at the present time. Organized crime rings operate all over the world, where some receive support for the state.

However, the authorities are fighting, just as the Spanish police did to dismantle the encryption fraud, which stole up to $ 540 million:

It is claimed that the leaders of the organization used a network of sales representatives spread all over the world to raise money through cash withdrawals, bank transfers, and transmission of encryption. It was claimed that the criminal organization has established an international and banking network … to receive, store and transfer criminal funds. Release.

Guardia CIVIL claimed that this group raises up to 5,000 victims in 30 countries, using a company based in Hong Kong to coordinate fraud and money laundering around the world.

Spanish citizens were only ten victims of fraud and $ 45 million of losses. However, many gang members lived in the country, and the police arrested a wide range of them.

According to the local ReportingThe Spanish authorities arrested five members of this fraud group in raids throughout Madrid and Canary Islands.

The investigation included cooperation with Europol and 15 separate countries, most of which were not members of the European Union. This indicates the international scale of the group’s operations.

There are many recent examples of international cooperation in combating encryption fraud, but it is still a difficult battle. Although the Spanish police referred to the fraud episode as “dismantling”, he made it clear that the investigation was still open.

At the present time, it is not clear that the number of members who remain active all over the world, especially because it used definitely Companies In many countries. Can five people in one nation be accomplished alone?

In the recent French kidnapping series, the Moroccan -based Magon, the local participants, directed the fulfillment of violent attacks. These attacks continued despite the arrests of leaders abroad.

Spanish police may expect future fraud, which leads to a lack of relevant details. However, it is definitely difficult to say. There is no evidence for the public on the true size of the Spanish group.

Unfortunately, the advertisement was light on the details, but it contains valuable information though. If there is nothing else, then the international community takes a proactive approach in combating crime.

More details are likely to appear during court procedures.