BULLETIN: 4 Arrested In Alleged $200 Million International Swindle; Raids Carried Out In Europe, United States

BULLETIN: Authorities in Europe and the United States have carried out raids that resulted in the arrests of four individuals and the seizure of property in an alleged international Ponzi scheme involving bogus insurance investments and $200 million, the Public Prosecution Office of the Netherlands (Openbaar Ministerie) said.

The case involves a company known as Quality Investments BV (QI), officials said. Raids were conducted in the Netherlands, Spain, Turkey, Dubai, England, Switzerland and the United States. Four Dutch citizens were arrested.

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