A number of people suspected of being involved in a worldwide investment fraud operation with tens of thousands of victims have been arrested, according to the Dutch Police.
The firm is thought to have run 20 call centers with over 700 employees pretending to be financial advisors. The criminal organization reportedly earned over 100 million euros ($114 million) a month at one point, according to authorities.
Each of the call centers, which were dispersed around numerous nations, housed a number of teams with different duties and targeting objectives.
A 46-year-old Israeli-Polish national who was detained in Poland on May 26 is the primary suspect. The individual was detained for two weeks while awaiting trial after being extradited to the Netherlands.
According to the Dutch Politie, he is a well-known hacker who was previously prosecuted for hacking several significant foreign government entities, according to publicly accessible online material read more about Dutch police bust investment fraud ring stealing over €100 million
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