Dutch Police Disrupt €100 Million Investment Fraud Network Operating 20 Call Centers

**Executive summary:** Dutch police disrupted an alleged large-scale investment-fraud network operating roughly 20 call centers with about 700 staff that used social-engineering calls, polished websites, and fabricated account dashboards to steal an estimated €100M; the investigation emphasized behavioral TTPs (no malware or technical IOCs were identified), highlighted cross-border payment complexities for recovery, and advised independent verification, preservation of evidence, and prompt reporting to banks and authorities.