Greek soldiers among suspects in alleged $8M crypto pyramid scheme

Greek police say a crypto investment platform promising to double your money in 50 days was really a pyramid scheme. Some of the people allegedly running it wore military uniforms. Authorities in Katerini arrested 17 people in a coordinated raid on September 30, 2026. Nine of them are military personnel, and two non-commissioned officers allegedly held leadership roles in the operation. The scheme reportedly collected approximately $8 million from around 10,000 participants. Its recruiting vehicle was allegedly an association for artificial intelligence enthusiasts, which is a very 2026 way to run a very old con. How the alleged scheme worked The pitch was simple and, in hindsight, a little too good. Participants were told they could double their investment in 50 days with minimal risk. The operation reportedly ran without a regulatory license. It leaned heavily on recruitment bonuses, paying participants for bringing in new investors. To dress the operation up, organizers allegedly used an entity called the Hellenic Artificial Intelligence Team Association: AT Team Greece. The association reportedly had multiple branches across Greece. Its role, according to the investigation, was...