They caused losses amounting to 300 million euros.. Germany arrests 18 people in an international fraud network
German authorities announced on Wednesday the arrest of 18 people from an international fraud network and Money laundering caused financial damage estimated at 300 million euros between 2016 and 2021 through subscriptions to fake websites.
These support operations, called "Refund process"Coordinated by the Federal Criminal Police and the Koblenz Prosecutor’s Office (West), it targeted three alleged fraud and money laundering networks with networks and partners in ten countries. "44 suspects from Germany, the United Kingdom, Latvia, the Netherlands, Denmark, Austria, the United States and Canada, aged between 32 and 74 years."
In total, 18 people were arrested during the raids, according to a statement, including five in Germany.
Croes added that more than 60 raids were carried out around the world, which led to "Confiscation of assets worth more than 35 million euros"including 25 million in Germany.
The Public Prosecutor confirmed that the suspects are accused of using the data of 4.3 million bank cards issued in 193 countries between 2016 and 2021.
Vice President of the Belgian Federal Insurance Office, Martina Lenk, said that this fraud was carried out. "Through phishing or data leakage"using "A network of hundreds of fake companies".
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