The Spanish Police dismantled a money-laundering and fraud network that generated €140 million through investment scams and business email compromise attacks. The operation led to arrests in Spain, Portugal, and Panama, with investigators linking the group to large-scale “CEO fraud” and false-invoice fraud. #SpanishPolice #Interpol #Europol #BEC #CEOfraud
Keypoints
- The Spanish Police dismantled a cybercrime and money-laundering organization.
- The group made €140 million from investment fraud and business email compromise attacks.
- Four people were arrested in Spain, Portugal, and Panama.
- The scheme used more than 800 bank accounts, 120 business accounts, and 67 money mules.
- Police froze €3 million and believe the main operators have been arrested.