Foreign man arrested in Algarve for €3 million ‘Ponzi’ scheme
A foreign man, described by Jornal de Notícias as an Italian citizen, has been arrested by PJ police in the Algarve for allegedly running a Ponzi scheme – an investment
Art empresario Joe Berardo arrested over suspicions of multi-million euro fraud against Portugal State bank CGD
Breaking news this morning is that Madeiran art empresario Joe Berardo has been arrested on suspicion of “aggravated fraud, tax fraud and money-laundering”. The development follows a long-running police investigation
Portugal’s PRR (bazooka) funding: first programmes open today
Prime minister António Costa has announced the opening of the first programmes for PRR funding in Portugal. Dubbed “Impulso Jovem STEAM” and “Impulso Adulto” they are focused on training young
Portugal’s EU bazooka: ‘fraud-checkers’ say they need more human resources
Yesterday in Coimbra Portugal’s PS government had another ‘feel-good moment’ talking about all the money it hopes will flood in from Brussels to help the country overcome the desperate economic
Operation ‘Off Side’ targets country’s top football clubs and personalities
Operation ‘Off Side’ – the largest investigation in the history of Portugal’s tax department – swooped into action yesterday (Wednesday) searching football clubs and the properties of agents, players and
Investigators tighten screws on frauds involving European Community funding
Criminal investigators have tightened the screws on frauds involving European Community funding. Explain reports, a protocol has been signed between DCIAP (the department of criminal investigation and penal action) and
Dozens of council officials under suspicion as Operation Ether reaches ‘accusations stage’
Operation Ether – which hit the headlines exactly a year ago – has now assembled no less than 60 council officials, all of them under suspicion in one way or
Taiwanese fraud ring foiled: 19 arrested in Portugal
An insidious telecom centre set up to defraud Chinese residents living in Portugal has been foiled in what the Taiwanese press calls ‘the Portuguese holiday resort of Cascais’. Reports say
Further jail sentences handed out as BPN fraudsters remain free
A Lisbon court has handed out further stiff jail terms for fraudsters involved in the BPN banking scandal, but the likelihood of any of them going to jail remains slim.
IVA fraud robs Portugal of €11.3 billion over five years
European commissioner Pierre Moscovici is on the warpath, demanding ‘action’. The reason: IVA fraud is robbing the EU of billions. In Portugal, the €11.3 billion ‘lost’ to state coffers since