[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$fMlYKYS-HS3TihoIyHxAbDJmUj5LE8drT-0B_y_8e74E":3},{"article":4,"iocs":47},{"id":5,"title":6,"slug":7,"summary":8,"ai_summary":9,"brief":10,"full_text":11,"url":12,"image_url":13,"published_at":14,"ingested_at":15,"relevance_score":16,"entities":17,"category_id":24,"category":25,"article_tags":29},"83e4d1cc-07e6-4578-95fc-b0c0a5f5aeaa","Dutch police bust investment fraud ring stealing over €100 million","dutch-police-bust-investment-fraud-ring-stealing-over-100-million-1b354c","The Dutch Police announced the arrest of multiple individuals suspected of being part of an international investment fraud scheme estimated to have tens of thousands of victims. [...]","Dutch police have arrested multiple individuals in an international investment fraud scheme that allegedly stole over €100 million from tens of thousands of victims. The operation involved 20 call centers and over 700 individuals posing as financial advisors, with the main suspect being a known hacker with prior convictions. The fraudsters used realistic-looking fake investment platforms and cryptocurrency transfers to deceive victims, operating since at least 2021.","Dutch police arrest suspects in international investment fraud scheme stealing over €100 million.","Dutch police bust investment fraud ring stealing over €100 million By Bill Toulas July 15, 2026 05:55 PM 0 The Dutch Police announced the arrest of multiple individuals suspected of being part of an international investment fraud scheme estimated to have tens of thousands of victims. The group is believed to have operated 20 call centers, with more than 700 people posing as financial advisers. Authorities estimate that the criminal organization at one point made more than 100 million euros ($114 million) per month. The call centers were located in different places across multiple countries, and each hosted several teams with distinct roles and targeting focuses. The main suspect is a 46-year-old Israeli-Polish national, who was arrested in Poland on May 26. The man was extradited to the Netherlands and placed in detention for two weeks pending trial. “Publicly available online information shows that he was previously prosecuted for hacking several prominent foreign government organizations and is said to be a well-known hacker,” the Dutch Politie says. “He is now suspected of having held an indispensable position within a criminal organization involved in investment fraud.” Between July 7 and 10, multiple Dutch and Belgian nationals were arrested in Cyprus, Greece, and Belgium for suspected connection to the fraudulent scheme. The authorities state that additional arrests in relation to this cybercrime organization should not be ruled out. The modus operandi of the fraudsters involves building trust with victims over extended periods and introducing them to realistic-looking investment platforms that display fictitious profits. The victims were then persuaded by individuals working in the call centers to increase their \"investments,\" usually through cryptocurrency transfers. In reality, the criminals took all the money and presented victims with fake dashboards showing increased profits. The Dutch authorities linked at least 550 reports of fraud and $28.6 million in reported losses to this criminal organization. Police estimate that there may be tens of thousands of victims worldwide, with most victims in this investigation losing more than €10,000 ($11.4k). The organization has operated since at least 2021, and its members used pseudonyms and “technical means” to conceal their true identities and calling locations. The police say the main suspect’s technical expertise in setting up the infrastructure helped the organization evade law enforcement for a long time. At some point, the investigators were able to trace IP addresses, financial routes, and other digital traces, leading to the examination of key technical equipment that provided insights into the organization’s operation and the perpetrators’ whereabouts. Test every layer before attackers do Security teams log 54% of successful attacks and alert on just 14%. The rest move through your environment unseen.The Picus whitepaper shows how breach and attack simulation tests your SIEM and EDR rules so threats stop slipping by detection. Get the whitepaper Related Articles: Spanish Police take down €140 million cyber fraud ring, arrest fourPolice seize “First VPN” service used in ransomware, data theft attacksSpain arrests suspected member of pro-Russian hacktivist groupsAuthorities dismantle 'AudiA6' ransomware crypto-laundering servicePolice dismantles fake ID marketplace used by migrant smugglers","https:\u002F\u002Fwww.bleepingcomputer.com\u002Fnews\u002Fsecurity\u002Fdutch-police-bust-investment-fraud-ring-stealing-over-100-million\u002F","https:\u002F\u002Fwww.bleepstatic.com\u002Fcontent\u002Fhl-images\u002F2026\u002F07\u002F15\u002Fpolitie.jpg","2026-07-15T21:55:50+00:00","2026-07-15T22:00:26.825748+00:00",7,[18,21],{"name":19,"type":20},"main suspect","threat_actor",{"name":22,"type":23},"cryptocurrency","product","e7b231c8-5f79-4465-8d38-1ef13aea5a14",{"id":24,"icon":26,"name":27,"slug":28},null,"Threat Intelligence","threat-intelligence",[30,35,40,45],{"category":31},{"id":32,"icon":26,"name":33,"slug":34},"2e06f76c-d5b9-4f54-9eef-4d3447b10730","Breaches","breaches",{"category":36},{"id":37,"icon":26,"name":38,"slug":39},"6cbdd207-aaa1-4176-9534-e156b125e917","Nation-state","nation-state",{"category":41},{"id":42,"icon":26,"name":43,"slug":44},"c5c77cdb-f7d7-4990-9436-c81dcbff1163","Policy","policy",{"category":46},{"id":24,"icon":26,"name":27,"slug":28},[]]