Dutch police have dismantled an international investment fraud ring that operated 20 call centers with more than 700 employees and managed to raise up to €100 million a month.

The criminal organization, led by a Polish-Israeli hacker specializing in technical infrastructure, used fake investment platforms and cryptocurrencies to deceive thousands of victims around the world. The call centers were strategically located in several countries, operating under the guise of legitimate investment companies.

The modus operandi involved contacting victims through phone calls and offering them fraudulent investments with promises of high returns. Once victims deposited their money, the scammers disappeared with the funds, using cryptocurrencies to make it difficult to trace the money.

Authorities have recorded millions in losses and more arrests are expected in the coming days, while investigations continue to identify all those involved in this sophisticated international fraud network.

Source: Blog elhacker.NET