The Spanish Civil Guard arrested five members of an international network accused of investment fraud amounting to €460 million ($541 million). This was reported by the Europol agency. The operation was supported by law enforcement from the USA, France, and Estonia and involved residents of the Canary Islands and Madrid.
According to the investigation, the fraudsters raised funds from more than 5,000 people using a complex scheme involving bank transfers, cash, and cryptocurrency transfers, and then laundered the money through entities in Hong Kong.
