All news with #investment fraud tag

German fraud ring used fake celebrity ads for investments

🔍 Investigators say an alleged international fraud ring used fake celebrity advertising to market a purported 'secret financial product,' duping at least 120 people across Germany out of more than €1.3 million. Authorities carried out coordinated searches in Germany and Israel, focusing on Tel Aviv and Düsseldorf, and targeted publishers accused of running misleading campaigns. The scheme promoted AI-optimized investment strategies and automated crypto trading via large social-media campaigns and fake news sites, and victims were typically left with total loss of invested capital while seized evidence is analyzed.

Operation Heracles: Takedown of Fraudulent Crypto Sites

🔒 German authorities, working with BaFin, Europol and Bulgarian law enforcement, seized 1,406 fraudulent crypto and investment domains in Operation Heracles on October 3, 2025. The seized sites, which targeted German-speaking users, now display warning banners after roughly 866,000 access attempts were recorded in the first ten days. Authorities warn these professional-looking platforms often use AI-generated content, mobile apps and call centres to defraud victims.