Massive €195 million VAT fraud across 17 countries uncovered by EPPO Midas investigation

• EPPO launched an investigation against a criminal organization for VAT fraud of 195 million euros
• The investigation involved 180 searches and 14 arrests in 17 countries
• Authorities seized smartphones, a yacht, luxury cars, jewelry, and gold
• The fraud scheme exploited EU rules on cross-border transactions exempt from VAT
• The criminal organization created a complex system to deceive and defraud millions through various criminal schemes
• They were involved in VAT fraud related to small electronic products and protective face masks
• The organization used fake companies, straw men, fake identities, and secret communication to cover up their crimes.

Source: taxheaven.gr

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.

---

---