The Spanish Police dismantled a massive cybercrime and money-laundering network that generated €140 million through investment fraud and business email compromise attacks. The operation led to arrests in Spain, Portugal, and Panama, with Interpol and Europol helping to seize assets, freeze funds, and disrupt the scheme. #SpanishPolice #Interpol #Europol #BEC #CEOfraud #falseinvoicefraud
Keypoints
- The group made €140 million from investment fraud and business email compromise attacks.
- Police arrested four suspects in Spain, Portugal, and Panama.
- The scheme used more than 800 bank accounts and 67 money mules.
- Investigators linked €94 million to the laundering network and €61 million to BEC operations in 2024.
- Authorities seized devices and froze €3 million for eventual return to victims.