NETWORK SELLING FAKE FINANCIAL SERVICES IN EUROPE ONLINE TAKEN DOWN

A news release from Europol on 11 October advised that law enforcement and judicial authorities from Bulgaria, Cyprus, Germany, the Netherlands and Ukraine, supported by Europol and Eurojust, teamed up against an organised crime group involved in binary options fraud.  The group was behind an online trading platform for financial services with binary options.  Between May 2019 and September 2021, the criminal network lured German investors into making transactions worth a total of at least €15 million. The suspects advertised the financial services online and via social media, while using over 250 domain names. 

https://www.europol.europa.eu/newsroom/news/network-selling-fake-financial-services-online-taken-down

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Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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