By Euro Weekly News Media • 28 February 2014 • 15:41
Arrests took place in Barcelona, Madrid and Malaga in the operation against boiler-room operations, in collaboration with the UK and US police. The investigation remains open and police are carrying out searches in offices and private premises.
Most of the detainees are foreigners based in Barcelona, charged with misappropriation and money laundering, as they found investors abroad and offered them substantial gains through non-existent investment opportunities, from which they kept the money.
The detainees are due to appear before the National Court.
It is thanks to these operations that fraudsters can be removed from the Costa del Sol. Recently the Euro Weekly News reported on Nigel Goldman who was masquerading as a financial advisor, while helping himself to the hard earned savings of his victims.
Photos exclusive in Spain courtesy of CordonPress
Share this story
Subscribe to our Euro Weekly News alerts to get the latest stories into your inbox!
By signing up, you will create a Euro Weekly News account if you don't already have one. Review our
Share your story with us by emailing email@example.com, by calling +34 951 38 61 61 or by messaging our Facebook page www.facebook.com/EuroWeeklyNews
Download our media pack in either English or Spanish.