The German stock exchange in Frankfurt could not thwart a fraud cooked up by two Bosnian brothers to pump up the price of worthless shares, so now it will clamp down on share trading.

By the Center for Investigative Reporting

Most people would just say “nein” and hang up.

But, if you called 40 or 50 firms across Europe offering employees the opportunity of a lifetime, it was enough that only a few people answered “ja” to earn an enormous amount of money.

Police say that was the formula brothers Zoran and Goran Samardžija followed as owners of the Dunmorr Group AG, a firm incorporated in Switzerland, that set up a network of illegal call centers in Bosnia and Herzegovina (BiH) last year to trade in shares on the German stock exchange. Every day, a dozen workers in these call centers, using fictitious names of persons and firms, dialed residents of the European Union (EU) promising easy riches.

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