Dutch man busted in massive Uruguayan fraud ring

A Dutchman has been arrested in Uruguay for being involved in the "biggest fraud case in the history of the country", newspaper Espectador reports. The fraud a total 37,5 million euros. According to Het Parool, the fraud was committed by the Dutchman, Paraguayan customs officers, Uruguayan store and another European. The fraudsters allegedly used a flaw in the software that controls credit card payment transactions. The fault only affected Maestro cards in Paraguay. The customs officers used the fault to buy jewelry, tourist memorabilia, expensive mobile phones, computers and televisions in Uruguay. They then crossed the border back to Paraguay with their purchases, where they resold the items. They also sometimes sold things in Argentina.