Overview

• Six defendants went on trial in Frankfurt on 25 counts of organized fraud alleged between February 2023 and October 2024.
• Prosecutors describe a CEO-fraud method in which callers posed as company heads to trigger instant transfers, with cash withdrawn at Postbank, Sparkassen and Volksbanken branches and passed up to a ringleader believed to be in Lebanon.
• Reported losses total roughly €740,000 after banks reimbursed clients, with cases cited in Bremerhaven, Bavaria and Gießen.
• Defense attorneys say they lack complete access to phone-analysis records and some case files and urge the chamber to consider suspending proceedings.
• Five defendants remain in pretrial detention as the court schedules 14 further hearing days through early December.