Police Arrest EverFX’s Spanish Top Gun at Airport in Barcelona

Spanish police on
Wednesday arrested a key figure of the Spanish quarters of fake brokerage investment platform, EverFX. The police identified the arrested top gun as “Pablo
A ,” According to OCCRP,
whose <a href=”https://www.occrp.org/en/fraud-factory/trail-of-broken-lives-leads-to-kyiv-call-center”>investigations
in 2020</a> exposed the massive
investment fraud network, “Pablo A” was rounded up at the El Prat Aiport in
Barcelona, Spain, after he rounded off a trip from Romania. A joint statement by
police forces Guardia Civil and Mossos d’Esquadra notes
that “Pablo A” and his teams made contact with victims “through call centers
located on the periphery of the European Union.”Olive
Press, an English-language newspaper for the expatriate community in Spain,
notes that about 17,000 persons were scammed in Spain alone. This is even as OCCRP notes that EverFX was only one of about 470 investment “brands” linked to the same organized crime groupCoordinated Action According to a joint statement shared by the police forces and cited by the OCCRP, the crime network was making about 50 million euros every three months from its
thousands of victims from across the world.Meanwhile, the arrest of the key
figure comes a month after European authorities through a coordinated campaign
shut down 15 call centres of the network in Albania, Georgia, Ukraine, Bulgaria and North Macedonia. During the raid, which was conducted between November 8 and 9, police and
prosecutors from Germany, Spain, Sweden, Ukraine, and other six European nations
arrested five suspects and seized thousands of euros worth of cash, among
other things. The campaign was led by
Eurojust, the European Union agency for judicial cooperation, which also funded
the efforts. EverFX in the NewsIn May last year, the United Kingdom Financial Conduct Authority <a href=”https://www.financemagnates.com/forex/brokers/fca-orders-everfx-to-stop-offering-cfds-to-uk-customers/” target=”_blank” rel=”follow”>banned</a> Cyprus-based
ICC Intercertus Capital Limited, operator of EverFX, from offering CFD instruments
in the country. FCA at the time said EverFX was onboarding many British traders on its overseas entities which are not authorized to offer services in the UK.“Many consumers were subsequently induced to transact with overseas
members of the EverFX Group, which had no authorization to provide
regulated services in the UK meaning that consumers lacked the same
level of protection,” FCA explained.However, ICC recently told the Spanish newspaper, El Pais, that it has no knowledge of the inquiry into EverFX. Meanwhile, EverFX was active in sports sponsorship, as <a href=”https://www.financemagnates.com/forex/brokers/breaking-everfx-strikes-sponsorship-deal-with-sevilla-fc/” target=”_blank” rel=”follow”>it sponsored</a> Spanish football giant, Sevilla FC and even <a href=”https://www.financemagnates.com/forex/brokers/everfx-extends-sponsoring-sevilla-fc-for-another-year/” target=”_blank” rel=”follow”>extended the deal</a>.