Current Events

Hungary busts massive Israeli fraud and money laundering ring

EUROPE RENAISSANCE NEWSDESK stories censored by mainstream media. Your donations keep the truth published. PLEASE HELP US. It is easier than you think. Details contact Michael Walsh euroman_uk@yahoo.co.uk

Promising good returns on cryptocurrency investment, an Israeli gang cheated Hungarian and other Europeans out of tens of millions of dollars; less than $2 million recovered so far.

Hungarian police busted an international money-laundering ring based in Hungary earlier this month that was led by an Israeli man that cheated people in dozens of countries through online investment frauds, police said Monday.

Around 44 million euros ($47 million) were transferred from some 94 companies set up by the gang, police spokesman Peter Farkas told reporters in Budapest. The gang was led by a 48-year-old Israeli man living in Hungary, one of five suspects arrested during coordinated raids on May 9 across Hungary.

The fraud schemes were typically online and related to so-called account-switching and cryptocurrency investments, said Farkas, speaking at a press conference where seized phones, laptops and some 250 SIM cards were on display.

Cars and jewellery were also confiscated. Investments with good returns were promised to people who then transferred monies to over 400 fraudulent bank accounts,’ he said.

The money was ‘quickly transferred onward,’ mainly to countries east of Hungary, said Farkas, without specifying where the stolen money was taken. Police have so far recovered some 1.8 million euros ($1.94 million) from the 44 million euros, he added.

Adolf Hitler knows: ‘It doesn’t even enter their heads to build up a Jewish state in Palestine for the purpose of living there; all they want is a central headquarters for their international world swindle, endowed with its own sovereign rights and removed from the intervention of other states: a haven for convicted scoundrels and a university for budding crooks.’ ~ Mein Kampf’, Volume I, Chapter 11, pp. 324-325 – HM edition.

Donate: It is the generosity of our supporters and members that makes our vital work possible. As the storm clouds of crisis and the pain of injustice and persecution loom over our people, the potential and importance of our work grows day-by-day. There is no George Soros figure out there for nationalists, so we can only do what good people like you help us to do. Thank you for your faith and your generous commitment: contact Michael Walsh euroman_uk@yahoo.co.uk

2 replies »

  1. Macron and his fellow globalists are degenerated. With this way of thinking and acting they will destroy France. Shame on you, Macron!

    Like

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s