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Europol Takes Down Crypto Call Center Fraud

European authorities announced the takedown of a fraudulent network of call centers that operated in Serbia, Bulgaria, Cyprus, and Germany, luring victims into investing large amounts of money in crypto schemes.

The network defrauded numerous victims in Germany, Switzerland, Austria, Australia, and Canada for tens of millions of euros, according to a Eurojust press release Thursday.

Overall, four call centers and 18 locations were searched, with 14 individuals arrested in Serbia and one in Germany.

Investigations into the online scam were launched in 2021 by the Public Prosecutor’s Office in Stuttgart in Germany and the State Office of Criminal Investigations of Baden-Württemberg.

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