US EditionPolice arrest international gang in US$686 million medicinal cannabis scam
- A gang swindled people out of 645 million euros across 35 countries through a fake investment opportunity involving medicinal cannabis plants.
- Authorities froze bank accounts containing 58,600.00 euros and 116,300.00 euros in cryptocurrencies, with extradition proceedings underway for one suspect.
- Police busted the gang that used luxury cars, parties, and music videos to promote their Ponzi scheme, leading to the arrest of nine suspects globally.
17 Articles
17 Articles
Police Arrest International Gang in $686 Million Medicinal Cannabis Scam
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Police arrest international gang in US$686 million medicinal cannabis scam
MADRID: Spanish police said on Saturday (Apr 13) it led an international operation to arrest a gang which allegedly defrauded €645 million (US$686.41 million) from victims in 35 countries in a scam centred around cannabis plants for medicinal use. The gang mounted a marketing system and attended internat
$686 million medicinal cannabis scam busted, international gang’s nine members arrested
Police have busted an international gang involved in swindling people of 645 million euros ($686.41 million) across 35 countries. They defrauded people through a fake investment opportunity centred around medicinal cannabis plants. The gang had a whole marketing campaign going on, even attending international cannabis fairs to lure victims. But thanks to a collaboration between the Spanish National Police, Europol, and forces from five other co
Police arrest international gang in $686 million medicinal cannabis scam
MADRID (Reuters) -Police forces led by Spain have arrested a gang which allegedly defrauded 645 million euros ($686.41 million) from victims in 35 countries in a scam centred around cannabis plants for medicinal use. The gang mounted a marketing system and attended international cannabis fairs to convince victims to invest in the system, the Spanish National Police said in a statement. It led the operation with the help of Europol and police for…
Nine suspects, whose identity was not reported, were arrested on April 11 as suspected of fraud in Spain, Great Britain, Germany, Latvia, Poland, Italy and the Dominican Republic.
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