Police Forces in Belgium, France and Israel Stop Scam Promising 35% Returns on Crypto Investments

Police Forces in Belgium, France and Israel Stop Scam Promising 35% Returns on Crypto Investments
фото показано с : news.bitcoin.com

2020-2-3 01:26

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 international task force set up by the European agency.

The group allegedly established online platforms promising high returns on investments in cryptocurrencies as well as gold and diamonds. The victims were promised between 5 and 35% return on investment, and the group members pretended to successfully manage their accounts for them in the beginning and then encouraged them to invest more money.

A big French private company and a French local authority are said to be among the 85 victims of the network. The scam is believed by an investigator to be responsible for defrauding an amount of at least €6 million. The investigators have also discovered invoices for a few million euros, which the group members had not yet gotten their hands on. More than €1 million have already been seized by authorities from the network’s accounts.

“The criminal group approached victims by phone, offering them huge profits on investments in bitcoins of up to 35 percent,” explained the European Union Agency for Criminal Justice Cooperation, Eurojust. “To gain their trust, victims initially made small gains on these investments, thereby encouraging them to further invest. Victims were then defrauded on subsequent payments. These were transferred to fake companies, which had been set up for this purpose by the OCG [Organised Criminal Group]. The profits were then quickly transferred via bank accounts in other EU Member States to bank accounts in various Asian countries and Turkey.”

What do you think about police forces in Belgium, France and Israel stopping a scam that promised up to 35% returns on crypto investments? Share your thoughts in the comments section below.

Images courtesy of Shutterstock.

Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Bitcoin.com Markets, another original and free service from Bitcoin.com.

The post Police Forces in Belgium, France and Israel Stop Scam Promising 35% Returns on Crypto Investments appeared first on Bitcoin News.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Emerald Crypto (EMD) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 4.67 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.0413084 (-100%)

returns investments french police crypto belgium forces

returns investments → Результатов: 70


Фото:

How Bitcoin Returns are Dwarfing Investor Expectations

A recent survey on crypto twitter has revealed that a lower annual rate of return would be expected for almost 40% of those questioned. In reality, bitcoin investments have made a whole lot more. Bitcoin Investors Expect Less Than 30% Returns A recent survey conducted by industry observer Nic Carter has revealed some interesting findings on expectations on returns on bitcoin investments.

2020-1-20 16:00


IEOs going the way of ICOs after 2019 witnesses low investment returns

The hype of ICOs in 2017 was downright crazy. Bitcoin was in a state of peak performance and hitting new highs every day, and the trend of ICOs evolved with it. Investors were making enormous returns on their investments and the huge interest ended up giving rise to scam ICOs which had zero credibility in […] The post IEOs going the way of ICOs after 2019 witnesses low investment returns appeared first on AMBCrypto.

2019-9-7 14:30


Фото:

Texas regulator goes after cryptocurrency firm promising 900% returns in 2 weeks

Regulators in Texas have filed a cease and desist order against a New York-based cryptocurrency business promising a 900-percent return on investment in just two weeks. Forex and Bitcoin Trader, which was advertising on Craiglist Dallas, reportedly deals in cryptocurrency investments, commodity-based derivatives, and foreign currency trading.

2019-8-9 12:51


Ripple & XRP: An Uncertain Future in Banking Hangs in the Balance

By CCN: People are feeling notably bullish about Ripple, or XRP, depending on what you’re talking about. The token price is earning bullish calls on Twitter. . 50 cent and beyond incoming $xrp — Sir Gordon Gekko (@gordongekko369) June 2, 2019 Fifty cents would go a long way to making longtime XRP investors whole and earning handsome returns on long-held investments.

2019-6-4 22:40


Фото:

Chinese Listed Companies and Bitcoin Mining: Partner or Predator?

This article was originally published by 8btc and written by Lylian Teng. Some Chinese listed companies have jumped on the bandwagon of bitcoin mining following the bitcoin bull run throughout 2017, either under the guise of cloud computing or providing mining hosting services, in an effort to bypass regulations considering the country’s tough stance on bitcoin.

2019-5-29 18:53


Фото:

New Investor Campaign Calls to Prepare for Future, Replace Gold with Bitcoin

The movement to decouple gold from the world economy started in 1971. Now, it returns to the forefront with the “It is Time to Drop Gold” campaign launched by Grayscale. ‘Bitcoin Has Superior Physical Properties’ On May 1, 2019, Grayscale Investments, one of the largest digital currency asset managers, launched a provoking campaign aimed at challenging investors to reconsider their traditional beliefs about gold investing and instead embrace Bitcoin as a superior alternative.

2019-5-2 06:00


Фото:

The feds still haven’t found the Nigerian scammers that stole $50K in Bitcoin

Two Nigerian nationals face charges of attempting to defraud US residents through numerous Bitcoin investment scams. But the pair are yet to be apprehended by US authorities. Onwuemerie Ogor Gift and Kelvin Usifo are facing a 13-count indictment, including conspiracy to commit wire fraud, money laundering, and 11 instances of wire fraud, OregonLive reports.

2019-4-25 15:18


Are Bitcoin and Ethereum Cryptocurrency Compound Interest Rate Earnings a Gamechanger?

Despite the price of premier alt-tokens such as Bitcoin still struggling to garner bullish momentum, crypto lending platform BlockFi has just announced that it will be now providing clients with the option to claim compound interest returns on investments via crypto assets such as Bitcoin or Ethereum. As per a blog post issued by BlockFi’s […]

2019-3-7 18:29


Фото:

KBX Token – a Cryptocurrency Exchange for Investors in Africa

The world is moving fast into digital assets, and crypto currencies are the next big serious investments for anyone looking to make sustainable returns and profits with their investments. Which is the reason why hyper growth economies like Africa, the continent that the world is turning to, for the next phase of global growth, needs […] The post KBX Token – a Cryptocurrency Exchange for Investors in Africa appeared first on NullTX.

2018-12-8 00:36


Фото:

Stackr: The Dawn of a Digital Asset Savings Solution - [BTC Media Sponsor]

Financial savings have long been the foundation of wealth and asset building. However, we are now in a time when the growing obsolescence of financial institutions has forced certain technologies out of date, created high fees, revealed structural inefficiencies and, ultimately, meant that some standard investment solutions now fail to place consumer needs first.

2018-10-6 16:37