Police arrest 7 people in Tenerife for fraud
The Police has arrested seven people between the ages of 28 and 58 years Santa Cruz for alleged crimes of fraud, falsification of documents and membership in a criminal organization.
This organization used people provided false documentation, and by electrical itemson finance that were later sold for a much lower price in the second-hand market, without the original debt being paid off.
The investigation by the Police has uncovered that the scam caused an economic loss of around 175,000 euros. The police recovered electrical appliances worth more than 3,000 and bank accounts with a balance exceeding 15,000 euros have been blocked.