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Tag: fraud

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Seventy indicted for exploiting Landsbanki system error in major bank fraud

Iceland’s District Prosecutor has charged 70 people with agency fraud and money laundering, accusing them of targeting Landsbanki’s online system in an elaborate scheme. Two men are believed to have led the operation.

12 hours ago1 min read

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Seventy charged with bank fraud and money laundering in Iceland

Iceland's District Prosecutor has charged 70 people over a major fraud scheme involving hundreds of millions of krónur at Landsbankinn. The indictments, linked to a software error last autumn, will be presented in the Reykjavík District Court on Monday.

27 October 2026