Scammer Gang In Germany Arrested, Breaks 4.3 Million Credit Cards Drain 300 Million Euros
JAKARTA - German authorities made 18 arrests in international coordinated operations against alleged online fraud and money laundering networks involving German payment service providers.
As reported by Reuters, the German Federal Criminal Police Office and prosecutors explained that between 2016 and 2021, criminal suspects used credit card details belonging to 4.3 million people from 193 countries, with losses of more than 300 million euros.
The suspects embezzled funds via fake website subscriptions designed for streaming, dating, and entertainment.
The defendants hacked four major German payment service providers to process payments. The companies were not named.
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On Tuesday night, authorities revealed they searched buildings in Germany, Italy, Canada, Luxembourg, the Netherlands, Singapore, Spain, the US, and Cyprus.
Prosecutors said they focused on 44 suspects in Germany and other countries. Among them are members of a network of fraud, payment company employees, and criminal service providers.