Fraud office officials raided five locations in Dordrecht, Soesterberg and Waddinxveen on Tuesday in connection with a major investment swindle.
Two men and their investment companies Future Life, Blue Account & Investments and EéJe & Advies are suspected of conning large amounts of money out of investors between 2003 and 2010.
Investors were asked to put in at least €10,000 and were promised returns of up to 18%.
However, officials say most of the raised capital was used for private expenditure, loans and interest payments.
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