The National Police has uncovered a London-based financial beach bar in Tenerife that operated, through different people, capturing future victims by telephone and convincing them to invest in stocks and cryptocurrencies.
The investigation started from the complaint of a client who was defrauded of 31,000 euros by an alleged investment company and who was in fact an unregulated broker with an address for notification purposes in London, police sources detail.
The Police, with the collaboration of Interpol, traced the money of the swindled investor to a bank account in Lithuania whose beneficiary lived in Estonia.
After that, it has requested, within the framework of international cooperation between police and judicial authorities, the blocking of the company’s current accounts and the arrest of the people allegedly responsible for the events.
The victim from which the investigation began was captured a year ago through repeated phone calls from an individual who claimed to work for an investment company.
This person offered to put him in contact with a supposed advisor linked to the investment platform.
The website of the alleged company was made to transmit security and trust to potential customers.
Initially, with small investments that offered benefits, they gained the trust of the injured party until a time came when, in order to recover the money, they were asked to invest large sums of money in cryptocurrencies.
Finally, after receiving long and false promises, he was unable to recover the 31,000 euros invested through the company and reported the facts to the authorities.
The actions have been carried out by national police officers from the Economic and Fiscal Crime Unit of the Provincial Police Station of the National Police of Santa Cruz de Tenerife.
