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Germany Files Charges in ‘Operation Chargeback’ Payment Scam

Germany Files Charges in ‘Operation Chargeback’ Payment Scam
Bloomberg Markets Tuesday 07 July 2026, 06:44 UTC By Karin Matussek, Nicholas Comfort 1 min read
Key Points

Germany Files Charges in ‘Operation Chargeback’ Payment Scam German prosecutors filed their first charges linked to a €300 million ($343 million) global payment-fraud that allegedly duped millions of credit card holders in a scam that enlisted the help of payment company executives. The charges were filed at a court in the south-western German city of Koblenz, said people familiar with the case who asked not to be identified as the matter is private.

Germany Files Charges in ‘Operation Chargeback’ Payment Scam German prosecutors filed their first charges linked to a €300 million ($343 million) global payment-fraud that allegedly duped millions of credit card holders in a scam that enlisted the help of payment company executives. The charges were filed at a court in the south-western German city of Koblenz, said people familiar with the case who asked not to be identified as the matter is private.
Germany (LOCATION) German (ORG) Koblenz (LOCATION)
Originally published by Bloomberg Markets Read original →

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