
30/09/2025
⚠️ Scam Europe – A new cross-border investigation
Europeans lost €4 billion to online investment scams last year — and with AI ads, deepfakes, and fake trading platforms, fraudsters are evolving faster than regulators.
Investigate Europe has teamed up with the Balkan Investigative Reporting Network (Birn) and media partners across Europe to launch Scam Europe, a series uncovering how these crimes spread and who is behind them.
Our first findings reveal a €250 million fraud network in Belgrade that targeted 70,000 victims across Europe, Canada & Australia, using fake ads, cloned websites, and bogus partnerships to appear legitimate. Victims lost everything from small savings to seven-digit sums, while law enforcement struggles to keep up.
This is just the first part of Scam Europe — over the coming weeks, we’ll reveal how fraudsters exploit technology, how different countries are responding, and the human stories behind the scams.
🔎 Read part one of the series here: https://www.investigate-europe.eu/posts/behind-the-scam-how-an-alleged-criminal-network-set-a-trap-for-thousands-of-europeans-to-fall-for-fake-investments-and-raked-in-millions