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Cracking Down on Crypto Crime: Dutch Law Student Arrested by Police in Multimillion-Euro Fraud Case

by aria-crypto.com

January 9, 2025 at 09:05


Cracking Down on Crypto Crime: Dutch Law Student Arrested by Police in Multimillion-Euro Fraud Case



The Netherlands police have apprehended a 24-year-old law student suspected of masterminding a €4.5 million crypto fraud. This individual from Hengelo reportedly scammed approximately 300 investors before the scheme's collapse led him into hiding. Authorities conducted a residential raid and arrested him early this week after gathering substantial evidence, including testimonials from the defrauded investors. Investigations confirmed the fraudulent intent behind the operations, which previously earned him a reputation as a 'crypto genius'. Adding to the complexity, reports suggest the suspect used new investors' funds to pay off earlier ones, characteristic of a Ponzi scheme. Legal actions intensified as the defrauded parties organized under Stichting Onderzoeks Collectief Hengelo and proceeded to file legal complaints. The suspect now faces rigorous interrogation as the investigation continues to unfold.

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