Police Deploy Excavator in Hunt for Gold Coins from Larissa Fraud Ring

Greek police in Larissa deployed an excavator in an unusual search for gold coins and illicit funds amassed by a criminal organization operating with family ties. The operation targeted individuals suspected of defrauding citizens through a scheme involving the sale of gold coins at prices lower than their actual value.

The organization, known to authorities since March, allegedly took large sums of money from buyers for gold coins that were never delivered. Victims were often met with various false excuses when inquiring about their purchases. So far, nine instances of fraud have been uncovered, with the criminal group's total financial benefit estimated to be over 750,000 euros.

During a recent raid on the suspects' homes, one additional individual was arrested. This arrest occurred as part of an ongoing investigation into the group's activities, which also include extortion. The police operation involved specialized units and a backhoe to meticulously search properties for hidden assets, highlighting the extent of the investigation into the family-run criminal enterprise.