Wednesday, May 6, 2009

Major Frauds to be Announced

The Authority for the Financial Markets (AFM) has uncovered major investment frauds. It will shortly announce the first of these, which concern tens of millions of Euros. This was said by Marcus Wagemakers, head of the AFM integrity department. He added that one of the cases involves about 70 million Euro and another involves 40 million Euro. The AFM receives about 60 tips about frauds each week, some true and false ones. The 30 people working in his department are having difficulty in coping with the work load.

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