Police Swoop on €645m Cannabis Investment Fraud Gang

European police have made nine arrests and seized millions of euros in a bid to crack a notorious investment fraud scheme known as “JuicyFields.” The pan-regional action day took place on April 11 and followed painstaking digital detective work across Germany, Spain, France, the UK and other countries, according to Europol. Over 400 officers in 11 countries were involved in the operation, which led to 38 house searches and the seizure of €4.7m in bank accounts, €1.5m in cryptocurrencies, €106,000 in cash, several luxury vehicles, works of art, and large numbers of electronic devices and documents.

Source: Infosecurity

 


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