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CECash is at the center of a massive, international criminal probe involving German payment processors that defrauded thousands of victims of more than €300 million.The Scheme and Investigation Details:The Operation: Corrupt German payment service processors were utilized by global criminal networks to create a "shadow financial system".The Fraud: The perpetrators used stolen credit card data to sign millions of victims up for unauthorized recurring subscription charges on fake adult and dating websites.The Crackdown: A large-scale, internationally coordinated bust led by German investigators with the Federal Criminal Police Office (BKA) and the Koblenz General Prosecutor's Office led to the arrest of 18 people across multiple countries, including several former payment firm employees.Official Reports:Initial details of the sting were made public by German authorities and detailed by the U.S. Department of Justice as the fugitives were arrested internationally.For full press releases and ongoing legal developments, you can check the U.S. Department of Justice or monitor updates from the Federal Criminal Police Office
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