Netherlands Used as Transit Hub in €300 Million EU Scam Selling Used Phones as New
95 Articles
95 Articles
Giant operation by the European Public Prosecutor's Office in 19 countries with 1,770 police officers - How the "monkey" phone scam from Hong Kong and VAT fraud was set up The post Mammoth mobile phone scam in Europe: Used phones were sold for new ones - Losses of over 300 million euros appeared first on in.gr.
A large, coordinated operation at European level has revealed a supposed network specialized in marketing second-hand mobile phones as new devices. The investigators estimate that more than a million phones would have been placed on the market after being reassembled with worn components and subsequently presented to buyers as new products.
A major police operation coordinated by the European Public Prosecutor's Office is underway, and three arrests have been made - How the ring operated, with the damage from the loss of VAT estimated to exceed 300 million euros
Police forces, customs agents and tax inspectors from 19 European states undertook more than 160 searches in connection with an alleged fraud with mobile phones sold online, resulting in damage of approximately 300 million euros (340 million dollars), according to prosecutors of the European Public Prosecutor's Office (EPPO).
A large-scale operation led by the European Public Prosecutor's Office (EPPO) has uncovered a criminal organisation suspected of selling more than one million mobile phones made from second-hand parts across Europe as if they were new, causing at least €300 million in damage to consumers and depriving several countries of a total of €30 million in VAT revenue.
Netherlands used as transit hub in €300 million EU scam selling used phones as new
Dutch tax investigators took part in a Europe-wide raid this week, targeting a suspected criminal network. According to the European Public Prosecutor’s Office, the network used the Netherlands as a shipping hub for more than 1 million used phones, which were sold to buyers as brand new.
Coverage Details
Bias Distribution
- 42% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
