Two Municipalities Scammed out of €600,000 through CEO Fraud: What is it?
Police have arrested six individuals for allegedly defrauding two municipalities in Mallorca and Catalonia using the so-called "CEO fraud." A 20-year-old man was the mastermind of the scheme, which netted over €600,000 by digitally impersonating a cleaning company. This is the second such scam to be uncovered in two weeks. The National Police arrested him in shorts and flip-flops, considering him the leader of a criminal organization capable of swindling […]