A 23-year-old man has been remanded in custody on charges of gross fraud related to a scheme where approximately 12 million kroner has been swindled from unsuspecting Danes. According to Copenhagen Police, the victims, typically volunteer treasurers of associations, were tricked into transferring money to various accounts after receiving fraudulent phone calls.

The fraudsters allegedly impersonated officials from the National Unit for Special Crime or a non-existent State Security Service to deceive their victims.

Police believe the arrested man was responsible for recruiting “money mules,” individuals who allow their bank accounts to be used as intermediaries for the fraudulent funds. These money mules are typically offered payment for receiving the money and then transferring it to another account, often located abroad, accessible to the fraudsters.

The investigation is ongoing, and Copenhagen Police anticipate further arrests in connection with the case. Additional details are being withheld to protect the integrity of the investigation. The court hearing was held behind closed doors for the same reason. The accused denies guilt.