- EPPO investigation cluster Midas uncovered €195 million VAT fraud in 17 countries
- 180 searches conducted, 14 arrests made
- Seized items include smartphones, a yacht, cash, cryptocurrency, cars, jewellery, watches, and gold
- Suspected VAT carousel fraud scheme involving small electronic goods and protective face masks
- Organisers created a complex criminal ecosystem to defraud up to €195 million
- Cooperation between countries and EPPO led to successful investigation and arrests
Source: eppo.europa.eu
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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