Police forces in Belgium, France and Israel have reportedly put a stop to an international scam promising high returns of up to 35% on crypto investments. A big French private company and a French local authority are said to be among the 85 victims of this network. In total, 10 suspects related to the case have been arrested.
Also Read: Alleged Las Vegas Scammer Charged for $11 Million Crypto Binary Options Ponzi
€6 Million International Investments Scam
A collaboration of the French Gendarmerie Nationale, the Belgian Police Judiciaire Fédérale and the Israel Police has brought down a large network allegedly involved in money laundering and binary investment fraud, Europol announced. An unnamed person who has already been convinced of carbon tax fraud is suspected to be the mastermind of the scam.
The investigation into this network started in 2018, Europol revealed. In the beginning of 2019, four suspects were arrested in France. And at the end of 2019, five other suspects were arrested in Israel with the support of an…