Thursday, February 22, 2007

Police Break up European Ebay Gang

An Oceans 11-style crime syndicate that carried out more than 200 highly planned jewellery raids across Europe has been smashed by police.

Forces in seven European countries have broken up the network which channeled more than £25m from jewel heists into drugs and real estate.

The money came from highly choreographed raids on jewellers, mainly in northern Italy, with the goods fenced on eBay and through pawn shops, Europol said. Police made 35 arrests after swooping on the homes of suspects in Estonia, Lithuania, Finland, Spain, France and Germany.

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