Dismantling of an International Credit Card Fraud Ring
November 5, 2025
An international credit card fraud ring has been dismantled, resulting in the arrest of 18 suspects. The perpetrators created fake online subscriptions, defrauding millions and stealing significant amounts of money. Those arrested include senior executives from German payment service providers. Investigations revealed that the fraudulent activities were staged through companies in Cyprus and the UK. The estimated total value of the illegal transactions exceeds 300 million euros.