Overview

• The Policía Nacional arrested a 66-year-old man in Valencia for orchestrating a €5 million cyber fraud targeting victims in France, Belgium, Lithuania, and Spain.
• The scheme involved spoofed banking domains, phishing calls, and emails offering fake high-yield investments to affluent individuals and businesses.
• Investigators uncovered the use of fictitious companies to open bank accounts and launder stolen funds across multiple European countries.
• Police seized two mobile phones and documentation during a home search, and European investigation orders have been issued to trace the stolen money.
• The suspect, who frequently traveled between France and Spain and lacked a fixed address, is now in judicial custody as investigations continue.