International action against fraud network that exploits European public institutions results in large seizures

(IN BRIEF) German and Italian authorities, with the support of Eurojust and Europol, successfully dismantled a large-scale fraud operation targeting public institutions, cities and municipalities. The suspects used phishing techniques to manipulate genuine invoices and redirect payments intended for legitimate business partners to their own accounts, causing millions of euros in damages. After a year-long investigation, search warrants were simultaneously issued in Germany and Italy on September 24, 2024, resulting in the seizure of technology and assets, including mobile phones and computers. Authorities continue their investigation and analyze the evidence collected.

(PRESS RELEASE) THE HAGUE, September 27, 2024 — /EuropaWire/ — An international operation led by German and Italian authorities, in coordination with Eurojust and Europol, has successfully dismantled a massive fraud scheme that targeted public institutions, cities and municipalities across Europe . The fraudulent activity, which lasted over a year, caused financial damage amounting to several million euros.

The fraudsters used phishing tactics to gain access to real invoices sent to government agencies and companies. They then altered these invoices to include their own bank details before sending them to unsuspecting recipients. As a result, victims, including numerous public institutions, transferred funds directly to the fraudsters rather than to their intended business partners.

The investigation revealed five main suspects who had both Italian and German citizenship. Given the cross-border nature of the crime, Eurojust initiated an international case to facilitate cooperation between German and Italian law enforcement authorities. The agencies developed a coordinated strategy to search properties in both countries and collect crucial evidence.

On September 24, 2024, simultaneous raids took place in Germany and Italy, targeting ten locations. Europol supported field operations by setting up a virtual command post, allowing real-time coordination from headquarters. During the searches, authorities seized cellphones, computers and data storage devices, which are now under investigation. In addition, assets related to the fraudulent scheme were provisionally secured, leaving the proceeds of the crime inaccessible to the suspects.

This operation marks an important step in the ongoing fight against cyber fraud targeting public institutions. Authorities continue to investigate the seized assets and data to uncover more details about the criminal network.