A 42-year-old man has been arrested in connection with a Europe-wide investigation into the 'JuicyFields' Ponzi scheme, which is accused of defrauding 550,000 people out of €645 million (£550m). The scheme, which promised high returns on investments in medicinal cannabis, led to a massive operation resulting in 9 arrests and searches in 11 countries. Authorities have reported that the scam invited people to invest with the promise of 70-168% returns, depending on the type of plant they invested in, affecting 180,000 'victims' from 35 countries. The operation has unveiled a $686 million fraud, marking a significant crackdown on cannabis scams across Europe.
'Dopes Stung By $686MN Dope Ponzi Scheme' - International Gang Caught In Spain 180,000 'victims' from 35 countries were caught up in a medical cannabis 'investment scheme', which they believed would return them 70-168% returns to them depending on what type of plant they sank… https://t.co/Xv8gwMaUJL
JuicyFields: Gang behind $686 mln medicinal cannabis scam arrested More details: https://t.co/NNoM5RYMUA #ARYNews https://t.co/uxtK5t7CB9
⚠️ POLICE ARREST INTERNATIONAL GANG IN $686 MILLION MEDICINAL CANNABIS SCAM Full Story → https://t.co/xo36V3oJ5E
🚨🇪🇺BREAKING: €645M FRAUD BUST - EUROPE CRACKDOWNS ON CANNABIS SCAMS A massive operation against the JuicyFields investment scam led to 9 arrests and searches in 11 countries. Authorities reported that the scheme defrauded 550,000 people of €645M by promising high returns on… https://t.co/VoTyuGa34v
Man, 42, is arrested amid probe into £550m JuicyFields Ponzi scheme which invited people to invest in medicinal cannabis https://t.co/HKFvCMMl8l https://t.co/V3fVhXvXSn
Man held in Europe-wide £550m 'JuicyFields' Ponzi scheme probe https://t.co/e6JHdnTFth