Cripto $ 87 million scam discovered in Norway, four people were accused of

The Norwegian authorities accused four individuals for their participation in an extensive surgery of fraud and money laundering, who cheated thousands of victims in several countries.

Økokrim, Norway unit of economic crime, discovered that over 900 million kroner (86-87 million dollars) was perfected in the scheme, with more than 700 million crores washed through the Norwegian law firm and transferred to accounts in Asia.

According to the indictment, victims were drawn in fraud through a multi-level marketing structure. Recruited by existing members, participants persuaded to buy “product packages” involving the ownership cryptocurrency and company shares.

They promised them a share in what was presented as a lucrative business investment in gas fields, mining and real estate.

“We believe this is a great and extensive scam,” said the State Prosecutor Joakim Ziesler Berge. “We are talking about a large number of victims in many countries that lost their money and significant sums that ended up with the accused.”

Investigators claim that no significant investments were given and that the job did not have income except deposits of new members – a sign of a Ponzi Scheme.

The funds are allegedly hasted through intricate layers of accounts before being distributed as “returns” to the top of real estate and early investors.

Authorities also pointed out the role of professional facilitators, such as lawyers and accountants, in darkening money.

The situation shows that organized crime, especially fraud and money laundering at national borders, will be thoroughly investigated and prosecuting, regardless of whether the victims are in countries outside Norway, allegations.

Distribution and abuse of financial experts for criminal proceedings are growing in global concerns. Europol warned that it was a financial crime of “motor crime” and remain a significant challenge for international law enforcement.