Coordinated operation involving Cypriot Police takes down fraudulent German investment platform

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A Eurojust – Europol coordinated operation involving authorities in Germany, Bulgaria, Cyprus, the Netherlands and Ukraine have taken down a major fraudulent online German investment platform which defrauded victims for at least €15 million. According to a press release issued by Eurojust, the main suspect ran a professional-looking trading site in so-called binary options, which projected high profits. After initial investments, victims were encouraged to pay more into the alleged investment fund, losing all of their money. During an action day, one …

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