Spanish police have dismantled a significant investment fraud operation that defrauded victims of over $11.8 million, arresting 21 individuals during coordinated raids across multiple cities. The scammers exploited fake investment schemes through call centers and social media, luring victims with promises of high returns and locking their funds through deceptive practices. Authorities noted the unusual presence of these call centers in Spain, which are typically based in regions with less stringent law enforcement.

Authorities in Spain have arrested a group of individuals involved in a significant cryptocurrency fraud scheme that allegedly defrauded investors of nearly €3 million. The operation involved fake investments in cryptocurrency and misled investors about the profitability and legitimacy of the scheme. Law enforcement continues to investigate the extent of the fraud and the individuals involved.