Greek Soldiers Among Alleged Leaders of $8M Crypto Pyramid Scheme
Summary
Greek police arrested 17 people over an alleged cryptocurrency pyramid scheme that prosecutors say attracted about 10,000 investors and took in roughly $8 million. Nine suspects, including two servicemen, were due to appear before an investigating magistrate. The scheme allegedly recruited through a civic association and used a controlled platform to steer investors into cryptocurrency, promising to double deposits of €800 or €5,000 for VIP participants. In Katerini, investigators estimate 1,842 members contributed around €2 million. The case began after two anonymous complaints in July. Allegations remain untested in court, and the reported financial figures are attributed to police sources.
