Investigation into international fraud network based in Israel, Cyprus sees seven suspects arrested
The Jerusalem Post · YOAV ETIEL ·
The operation, led by German prosecutors, resulted in the arrest of seven suspects, searches at 17 locations, and the seizure of more than 100 servers allegedly used by the fraud network.
A large-scale international operation has uncovered an alleged investment fraud network that operated through a company based in Israel and Cyprus, providing criminal organizations across Europe with the technological infrastructure needed to defraud investors, Walla learned on Thursday.
The operation was disclosed by Europol and Eurojust, two key European Union agencies responsible for combating crime and coordinating cooperation between law enforcement and judicial authorities.
The operation, led by German prosecutors, resulted in the arrest of seven suspects, searches at 17 locations, and the seizure of more than 100 servers allegedly used by the fraud network. Authorities also shut down websites used to deceive investors and seized additional evidence and assets. Authorities arrested the suspects pending extradition to Germany, where the investigation is underway.
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