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Law enforcement conducted 40 searchesUkraine and the Czech Republic have uncovered a fraudulent call center that swindled investors out of over 8.4 million hryvnias.This was reported by the press service of the Kyiv City Prosecutor’s Office.
How the scheme operated
It has been established that throughout 2022-2025, participants in the scheme convinced citizens of the Czech Republic to invest funds in cryptocurrency. To induce people to invest increasingly larger sums, they created the appearance of successful trading and profit growth in investors’ personal accounts.In reality, the victims received no earnings, and after transferring funds, they lost the ability to recover them. Currently, nine victims, all citizens of the Czech Republic, have been identified.According to the investigation, the damages incurred exceed 8.4 million UAH. It was after the victims’ appeals to the Czech law enforcement agencies that a joint international investigation was initiated, which led to the identification of individuals involved in the fraudulent scheme.Read also
Law enforcement uncovered crypto fraudsters who cheated people out of over 40 million UAH
As added by the Cyberpolice, the perpetrators used a specialized web resource to find victims, and during subsequent telephone communication, they persuaded victims to invest funds, promising substantial profits from exchange trading.To gain access to the money, the group members persuaded victims—primarily the elderly—to install remote access software on their computer devices. Subsequently, after gaining control over the devices and banking operations, the fraudsters misappropriated the funds. To conceal the origin of the stolen money, the perpetrators converted it into cryptocurrency.Among the suspects are both employees who directly communicated with the “investors,” pressuring them to transfer money, and individuals involved in transferring currency from accounts and subsequent money laundering.
What precautionary measures were taken against the suspects
Law enforcement officers discovered that the participants in the deal rented an office space in Kyiv, where they set up a fraudulent “call center,” managed by a 33-year-old co-organizer from the Kyiv region. Cyberpolice documented digital evidence and tracked the criminals’ financial flows.During several stages of the investigation, police conducted 40 searches and seized computer equipment, notes, cold crypto wallets, as well as over $33,000 and €20,000.The actions of the suspects have been qualified under Part 3, 4 of Article 190 and Part 2 of Article 209 of the Criminal Code of Ukraine.Prosecutors have filed motions to impose pre-trial detention as a measure of restraint for the suspects.Four suspects have been granted bail by the court ranging from 266,000 UAH to 1 million UAH, while three others are under 24-hour house arrest, and two suspects are under night house arrest.Based on materials from: Finance.ua# Criminal proceedings# Scammers# Fraud# Prosecutor’s office# CyberpoliceSpace for your advertisement