In Italy, a member of a $685 million fraud gang has been caught



One Hungarian police have been able to arrest a man identified to be one of the gang members that carried out the $685 million fraud along with other 27 companions. Only one-sixth of the stolen money has been found in different foreign accounts and individuals bank account, which were later blocked. Further investigation has shown that a Nigerian citizen has hidden the true origin of the proceeds of crime, he opened several accounts for his associates with a fake passport to keep the money. Over 75 million euros enter these bank accounts and he and four other associates have withdrawn from the accounts. After he was arrested, he was handed over to the Department of Corruption and Economic Crime at the Liszt Ferenc International Airport on 17 January 2020.