We revealed a week ago a major Israeli police-FBI-led raid that resulted in 26 arrests in Tel-Aviv over an online FX and crypto investment scam. We now have information that the authorities have released all 36 suspects unconditionally.
The police only named two of the suspects, one being the very famous Israeli businessman and tech entrepreneur Guy Grinberg. The authorities even brought them to court, but it seem to no end. The attorney on the case has commented that the arrests were unjust and is considering pressing legal charges against the police for the arrests.
The operation was led by a joint force that consisted of the Israeli police and the FBI, although the latter had a bigger part to play. There were arrests close to the scheme made in Ukraine and South Africa. Furthermore, it was reported that arrests were also made in Cyprus in relation to the investment scam, however, it is unclear, for now, the exact number of arrestees in Cyprus. However. Israeli police did disclose that it believes these to be connected to the scam.
Police are still to releases the name of the company and all the details about it, however, they have commented that the fraudsters have stolen millions of shekels mainly from US investors.