Suspect arrested over alleged banknote forgery scam

Officers with the Hellenic Police's (ELAS) electronic crimes division have arrested one suspect and are seeking another four in connection with an alleged forgery scam worth thousands of euros.

Officers were tipped off to the scam by a victim who was approached online by a man posing as a "representative" on an international bank offering extremely favorable terms on a loan. Once the victim showed interest in the offer, the unnamed suspect suggested a more profitable scheme based on forged banknotes.

The unnamed victim "invested" in the scheme in two installments, paying the suspect 74,000 and 150,000 euros in cash on two separate occasions, believing he would get double back from forgeries.

The suspect was arrested last week while accepting 3,450 euros in marked bills that were allegedly intended to help him purchase the chemical and papers needed to produce...