Crypto fraud candidate from Erfurt: 113 million euros in sight!
Crypto fraud candidate from Erfurt: 113 million euros in sight!
A difficult blow against crypto fraudsters: The Thuringian police smashed an organization in a large-scale deployment that presumably betrayed investors by around 113 million euros. The investigation was initiated with a special special commission, called "Midas", the Thuringian State Criminal Police Office (LKA), which has been active in the field of cryptocurrencies since July 2023. The focus is on a complex network that attracted investors in Germany, Switzerland, Austria and Spain.
A total of six suspects were arrested, including Thomas Schneider, a 48-year-old from Erfurt, who describes himself as a specialist in Bitcoin technology. Other defendants are the couple Yvonne (59) and Peter Müller (49) and Jens Meier (48). This group is accused of having built a fake company network to camouflage its criminal machinations. The prosecutor Erfurt has already admitted the indictment for gang and commercial fraud, and the accused now expect their responsibility before the Erfurt district court. MDR reports that ...
The fraudulent investment model
The fraudsters vied with a supposedly lucrative investment model for the money of their victims. Allegedly, investors should invest in crypto machines that made it possible to convert money into bitcoins. 90 percent of the deposits flowed as a deposit for the machines, while only 10 percent should be used for the investment. Retites of 200 percent within three years were promised - an offer that the public prosecutor has classified as unrealistic. Image reported that this ponzi system only worked as long as the majority of the investors do not work has withdrawn.
In the event of withdrawals, the model threatened quickly, since there was not enough capital to cover the payments. In fact, the money of the investors was not invested profitably, but used by the perpetrators themselves.
international commitment
The great commitment to the fraudsters stretched across several countries. Investigators searched through locations in Thuringia, Saxony, Berlin, Brandenburg, Bavaria and Switzerland, Austria, Liechtenstein, Lithuania and the Czech Republic. More than 280 civil servants and several prosecutors were involved in the campaign. The international character of the crime underlines the complexity of the investigation and the need for cooperation between the countries. The criminal ring has left a variety of victims and shows how important it is to be vigilant and to find out about serious investment options.
The clarification of the fraud is now intensively advanced in order to identify further accomplices and compensate for the victims. The bitter apprenticeship from this incident is that not everything that glitters is gold. The promise of tempting returns can quickly turn out to be bitter deception.
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| Ort | Erfurt, Deutschland |
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