Mass Arrests in Athens: Companies Deceived Wealthy Arabs with Fake Investment Opportunities

Greek police have dismantled a massive telephone scam operation involving two companies based in central Athens and Agios Dimitrios. The criminal network, consisting of over 100 members, allegedly defrauded wealthy Arab individuals by offering fictitious investment opportunities. Following investigations into the two companies located in Attica, a total of 104 people were arrested—87 from one company and 17 from the other. All are charged with fraudulent activities and membership in an organized crime group. The investigation revealed that the suspects used applications for communication and payment management, targeting primarily Gulf countries. The case came to light in April when a 41-year-old Tunisian man, seeking employment, discovered a job advertisement requiring knowledge of Arabic. Upon realizing it was a scam, he fled but later reported another similar fraudulent company to the Electronic Crime Division. According to MEGA reports, the mastermind behind the scheme remains at large despite having a criminal background in drug trafficking and counterfeiting. Greek authorities have requested assistance from UAE authorities regarding the specific company involved, which is also under investigation for exclusionary practices.