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Breading News – Europol Law Enforcement action in Belgrade against broker – five perpetrators arrested – more than €60 million damage for retail investors

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Austrian law enforcement agents are considered the most active and aggressive in Europe. They have acquired an excellent reputation in the field of cybercrime and investment scams. It was the Austrian agents that drove the investigations the led to the arrest of the suspected Israeli cybercrime boss Gal Barak and his German partner Uwe Lenhoff in early 2019 after months of investigations.

A few days ago, Europol, Austrian and law enforcement agents from EU and Serbia including took another hit against cybercrime. As part of an international law enforcement operation, five suspects aged between 26 and 41 were arrested in Belgrade, Serbia. They are said to have used a broker scam to steal around €60 million from thousands of victims in the EU over the years. To this end, the arrested scammers and their co-conspirators attacked retail investors via boiler rooms in Belgrade.

FinTelegram has reported extensively about the many illegal boiler rooms in Belgrade. Many of these boiler rooms are owned and operated by Israeli people. Since summer 2019 FinTelegram has been operating its own office in Belgrade and has provided the EU authorities with information and contacts accordingly.

During the law enforcement action, several apartments and offices were searched and documents were seized. According to the police, the scammers had accomplices in the various EU countries.

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