"Euro Police Bust 3m Euro Internet Fraud Gang"

Spanish and Romanian police recently joined forces to take down a gang suspected of earning at least €3m ($3.1) from internet scams.  Spanish National Police arrested three suspects in the southern city of Malaga, while their Romanian counterparts arrested six following a multi-year investigation.  The suspects are accused of publishing false adverts for second-hand vehicles and other products.  In some cases, they re-published legitimate ads but changed the contact details.  They would allegedly require pre-payment for the non-existent goods and then disappear without a trace.  During the raids by police, the police seized jewelry and watches along with 4500 euros and 2800 pounds and cryptocurrencies valued at over 20,000 euros.  The investigators also seized eight computers, a server, 17 hard disks, 14 mobile phones, and 70 SIM cards.  The police in Spain and Romania also blocked over 120 bank accounts.  The suspects are believed to be behind 70 fraud cases across the continent, with victims reportedly located in Poland, Switzerland, Portugal, Germany, Greece, and Spain.

Infosecurity reports: "Euro Police Bust 3m Euro Internet Fraud Gang"