Greek prosecutors have accused a cryptocurrency Ponzi scheme of defrauding approximately 10,000 investors of $8 million, with nine suspects including two active soldiers questioned by an investigating judge. Police arrested 17 individuals linked to the organization, which allegedly operated through controlled platforms and recruited participants via a local civic group in Katerini.
A 44-year-old leader of the Katerini AI enthusiasts association was remanded in custody, while six others were released on bail ranging from €15,000 to €20,000. Investigators estimate the scheme collected €2 million from 1,842 members in Katerini alone, encouraging standard investments of at least €800 and VIP contributions of €5,000 with promises that funds would double. The allegations have not yet been heard in court, and current figures are based on police estimates rather than formal charging documents.
Greek Soldiers Implicated in $8 Million Crypto Ponzi Scheme Targeting 10,000 Investors
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