Editors News- Eurojust-organized operation in 13 places within Albania.
- The authorities seized assets worth over $3 million.
The European Union criminal justice agency Eurojust engaged with Albanian and Italian law enforcement authorities to prevent online cryptocurrency investment scams. Also, the government reported that investment fraud was carried out by criminal organizations based in these countries.
Law enforcement officials have shuttered a website scam advertising phony cryptocurrency investment opportunities. Eurojust-organized operation from December 13 to 15, Albania was the center of investigations in 13 places.
According to a press release from Eurojust, the authorities seized assets worth over $3 million and more than 160 pieces of electronic equipment. However, these criminal activities resulted in the overall damages have been valued at €15 million.
Further, the statement claims that the perpetrators won the ‘victim’s trust’ by enabling them to obtain an immediate financial benefit in exchange for a minor initial investment. In 2020, the Italy government opened the case with Eurojust. The organization helped the national authorities involved in the inquiry to take down the fraud network.
Source: https://thenewscrypto.com/eu-reports-italy-and-albania-lost-e15-million-in-crypto-scam/