Crypto Investor Arrested for Alleged Fraud in Overijssel

A 24-year-old man from Hengelo, Overijssel, has been detained on suspicion of fraud and embezzlement. The individual, known as a ‘crypto investor,’ is alleged to have lost millions of euros belonging to approximately 300 people.

He had a reputation as a ‘crypto genius’ among his acquaintances, with clients investing at least 5,000 euros each for him to invest in cryptocurrencies. However, their investments ultimately vanished, with an estimated total loss between 1.5 and 4.5 million euros.

The prosecution suspects intentional wrongdoing, according to regional broadcaster Omroep Oost.

Source: NOS

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