Spanish police arrest six individuals involved in $20M AI-powered investment scam, targeting over 200 victims.

From Cointelegraph

April 7, 2025 9:39 pm:

Spanish authorities have arrested six individuals involved in a global AI-powered investment scam that defrauded 208 victims of over $20 million. Scammers used deepfake ads and posed as investment managers to trick victims. Victims were targeted with follow-up scams, posing as Europol agents or UK lawyers to recover stolen funds. Six people have been arrested and charged with fraud and money laundering. Multiple individuals involved in the scheme have been identified in other countries.

Read more at Cointelegraph: Spanish police arrest six over $20M AI-powered investment scam