Cyprus Suspects Face Extradition After Europol-Backed Investment Scam Raids
Three women arrested in Cyprus face extradition proceedings to Germany following an international investment fraud operation supported by Europol and Eurojust. The November 3 action resulted in seven arrests and the seizure of more than 100 servers.
Authorities searched 17 locations, targeting a company based in Cyprus and Israel suspected of supplying fake trading websites to criminal groups. Estimated losses exceed €4 million, according to Eurojust.
Investigators said victims were shown fabricated profits from supposed cryptocurrency, forex and stock investments, pressured to deposit more money, and prevented from withdrawing funds. The operation followed earlier enforcement actions in 2022 and 2025.
Three Cyprus Suspects Released Under Conditions
Cyprus Police searched seven homes and business premises in Limassol, collecting laptops, mobile phones and digital wallets. Three women, aged 30, 30 and 54, were arrested under European arrest warrants.
The Limassol District Court postponed the start of proceedings concerning their transfer to Germany and ordered their release under conditions. Police did not disclose the next hearing date or detailed release terms.
This judicial update was disclosed on November 3 and relates to the same operation. The reviewed statements do not confirm that the suspects have been transferred to Germany. Their arrests do not establish guilt.
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