Police Disrupt a €140M Cyber Fraud Ring in Spain

2026-07-17

Spanish police, working with partners abroad, broke up a gang that ran MitM attacks, CEO fraud, fake invoices, and bogus investment platforms, stealing at least €140 million. The group relied on over 70 people, shell companies, and hundreds of bank and merchant accounts to launder funds. Authorities arrested four leaders, seized devices, and recovered part of the money for the victims.