Europol has announced the arrest of 108 people suspected of being involved in an international call center operation that tricked victims into investment scams.
The operation was conducted in collaboration with law enforcement from Lithuania and Latvia, who coordinated raids between March 24th and 25th, 2022, on three locations belonging to the same crime group.
According to the
Europol announcement, the crime group directed an army of 200 “traders” who spoke English, Russian, Polish, and Hindi, calling prospective victims to present fake investment opportunities in cryptocurrency, commodities, and foreign currencies.
The amount of money stolen from individuals is estimated to be at least €3,000,000 per month, so the group had set up a very profitable operation.
During the coordinated police raids, the law enforcement officers seized cash, luxury vehicles, €95,000 in cryptocurrencies, and identified and froze bank accounts. Eighty people were detained in Latvia, and 28 in Lithuania.
Europol has also released a video compilation of the raids, showcasing the office spaces where the now-dismantled scam call centers were located.
