INTERPOL Busts Crypto Ponzi Scheme in Nigeria, Arrests 11 Suspects Linked to Terrorism
INTERPOL conducted a successful operation in Nigeria, arresting 11 suspects involved in a cryptocurrency Ponzi scheme that defrauded investors across 17 countries of $562 million. The operation, codenamed "Operation Catalyst," targeted financial crimes, terrorism financing, and money laundering in Africa.
The suspects were found to have connections to terrorist financing, with 11 of them allegedly being senior members of extremist groups. The fraudulent scheme spanned 17 countries, including Cameroon and Kenya, and involved over 100,000 victims.
INTERPOL issued red notices for the alleged masterminds and is continuing its investigation to trace funds linked to terrorism financing and financial fraud.
Plus234Feed summary based on reporting from Politics Nigeria. Read the original report below.
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