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Nine Arrested in $686 Million International Medicinal Cannabis Scam

The group allegedly defrauded thousands across 35 countries, promising high returns on investments in non-existent cannabis operations.

  • Nine individuals were detained in multiple countries including Spain, the UK, and Germany, following a coordinated operation involving Europol.
  • The scam, known as 'JuicyFields', falsely offered investors profits of 70% to 168% through purported cannabis cultivation.
  • Luxury marketing tactics, including hotel parties and music videos, were used to lure investors.
  • Authorities have seized properties worth €2.6 billion and recovered significant amounts in cash and cryptocurrencies.
  • The scheme affected 180,000 people in the UK alone, highlighting its vast reach and impact.
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