Fraud

The decision on the sentences of the five defendants found guilty in the Folli Follie case was announced a short while ago by the Three-Member Court of Appeal for Criminal Matters of Athens, after a year-long hearing.

A year after the start of the hearing in the trial of the high-profile financial scandal of Folli Follie, the Third Criminal Court of Appeal, which has been hearing the case since last June, today announced its decision on the guilt of the defendants.

A Guardian report documents the trail of two fraudsters who found a way to collect VAT refunds, reaping fabulous sums under the noses of governments

"The Bulgarian town that boomed from UK's biggest benefits fraud."

This is the title of a Daily Telegraph article today, highlighting the largest welfare fraud and money laundering case in the UK, for which five Bulgarian citizens have been charged.

British media are abuzz with details of the case, according to the Bulgarian National Radio.

Evidence of a deliberate attempt to commit insurance fraud and wriggle out of prosecution for other potential crimes, including delivering tainted meals to schools, appears to be piling up against the owners and/or management of a disgraced food factory in the central Greek city of Lamia.

A 42-year-old foreigner was arrested against whom a criminal case was formed for fraud

Warning from the Bank of Greece about the increase in the number and the value, of card fraud incidents – The types of transactions that are most susceptible

Cardholders in Greece lost 13.5 million euros in 2023, falling victim to fraud by people who either stole their card or their data. This is a part of the total loss that occurred through plastic money fraud, the amount of which increased from €16.2 million to €23.8 million (an increase of 46.9%), as the remaining €10.3 million was charged to banks and payment providers.

Nine people were arrested in the northern town of Serres as suspected members of a criminal gang that defrauded individuals and companies through phone scams.

An organized criminal group comprising Bulgarian citizens has been implicated in what authorities describe as the largest welfare fraud scheme in the legal history of Great Britain. The group, which operated between October 2016 and May 2021, has pleaded guilty and is set to stand trial in May for embezzling more than 50 million pounds, according to a report by Sky News.