Germany leads multinational police operation to dismantle investment fraud network linked to Cyprus

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The Itzehoe Public Prosecutor’s Office in Germany, together with Europol and Eurojust, dismantled a “crime-as-a-service” investment fraud network operating mainly in Cyprus and Israel. Police searched 17 locations, arrested 7 suspects and seized more than 100 servers. The network is suspected of defrauding victims in more than 50 countries of at least €4 million through fake cryptocurrency, forex and stock trading platforms and high-pressure sales tactics.