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Police arrest gang for scam of 686 million dollars with medicinal cannabis

Police arrest gang for scam of 686 million dollars with medicinal cannabis

The band set up a marketing system and attended international cannabis fairs.

Police forces led by Spain arrested a gang that allegedly swindled 645 million euros ($686.41 million) from victims in 35 countries in a scam centered on manufacturing plants. cannabis for medicinal use.

The gang set up a marketing system and attended international cannabis fairs to convince victims to invest in the system, the Spanish National Police reported in a statement.

The operation was conducted with the help of Europol and police forces from five other countries.

Nine suspects, whose identity was not reported, were arrested on April 11 on suspicion of fraud in Spain, Great Britain, Germany, Latvia, Poland, Italy and the Dominican Republic.

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Ponzi fraud for marketing medical cannabis

Britain’s National Crime Agency (NCA), which was involved in the operation, said 180,000 people invested funds in “JuicyFields,” which it called a “notorious and elaborate Ponzi fraud scheme.”

Luxury cars, hotel parties and music videos were used in an advertising campaign to promote the scam, according to police, and victims were taken to legal cannabis farms that were involved in the scam.

Source: Ambito

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