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A criminal group of crypto-activists that caused 1 million euros worth of damage to the Portuguese was eliminated

The Judicial Police (PJ), as part of an international operation together with the Italian police, dismantled a criminal group that was involved in cryptocurrency fraud.

Operation TRUST led to the arrest of a suspect belonging to a criminal network in France. The group allegedly stole around a million euros from several Portuguese victims.

The investigation found that the suspects used the “Rip Deal” method using cryptocurrencies and various applications.

“The criminal activity was carried out by multiple elements located in different locations in two separate phases. In the first phase, the suspects recruited victims interested in investing or selling real estate by pretending to belong to an international investment fund and gaining their trust while making payments and stealing crypto assets. In the next phase, other elements of the group, especially suspects from the Asian continent and residing in Italy, were responsible for laundering the proceeds of illegal activities through intricate movements of crypto assets, creating a complex situation. trace the maze,” PJ said in a statement.

During the operation, several victims were found in different European countries such as Austria, Italy, Spain, Romania and Switzerland.

“Operation TRUST, supported by EUROPOL, was carried out in Italy, France and Romania, and several house searches were carried out, which led to the arrest of a suspect, as well as the confiscation of material assets worth a large sum of money. value and a set of databases that will allow us to determine the full scope of the facts,” they add.

Author: morning Post
Source: CM Jornal

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