Crypto Operation Using Fake Investment Platforms Dismantled in Spain
Spain’s Guardia Civil, alongside Europol and several other law enforcement agencies from around the world, have arrested five people accused of laundering hundreds of millions of euros obtained through cryptocurrency investment fraud.
This criminal network allegedly has over 5,000 victims worldwide, and it’s been around for a few years. The money obtained from crypto fraud doesn’t simply make its way into the legal world; there’s an entire criminal enterprise specialized in laundering these funds.
A sophisticated transnational scheme
The criminal ring, which operated from Madrid and Latvia, was actually a fraud campaign structured and disguised as a legitimate investment platform. The “organization” lured the victims with online…
