European law enforcement agencies arrested five suspects linked to an online investment fraud scheme that defrauded over 33,000 victims of at least $98 million.
Law enforcement agencies have identified at least 150 investment fraud websites operated by fake broker-dealers who stole a minimum of $50 million from at least 70 victims.
The FBI says Americans lost billions from the record number one million complaints of online scams and investment fraud schemes reported during the pandemic.
