Belgian and Dutch authorities announced the arrest of eight individuals suspected of participating in a fraud scheme that included phishing, online scams, money laundering, and other illegal activities.On December 3, as part of an investigation started in 2022, law enforcement agencies in the two countries conducted 17 searches and seized electronic devices, cash, luxury watches and jewelry, as well as a firearm.According to Europol, the cybercriminal group caught the attention of Belgian authorities in 2022, while the Dutch authorities were involved a year later, after it was determined that the main suspect was operating out of Rotterdam.Four individuals were arrested last week in Belgium for their suspected roles in the illicit operation, with four others, three men and one woman, arrested in the Netherlands. While still a suspect, the woman was released from custody.