A ring using fake letters of credit worth 30 million euros for investments worth 70 million, in order to get financing worth 18 million, was uncovered by the deputy Development minister.

A Canadian citizen, Richard Wesley Walchuk, who swindled more than 8 million dollars in six months from dozens of investors in Canada and the USA was arrested in Palaio Faliro, near Athens.

The Greek Police Internal Affairs Department conducted an investigation, that revealed over 12.5 million euros in illegal pensions were collected by citizens.