According to reports, the Ukrainian cyber police The criminal organization maintained offices and customer service centers with thousands of employees in many European countries.
Cyber Police Department Uncovers Ukraine’s International Financial Fraud Plot
Ukrainian National Police (NPU) Cyber Crime Unit Accused of Participating in Massive Financial Fraud exposed five Ukrainian citizens who were Expanding international schemes to lure victims with promises of large profits from fake investments in cryptocurrencies and securities.
The organization behind the criminal enterprise had established representative offices and call centers across Europe, Ukrainian police officials said. Estimated annual losses from that activity put him in excess of €200 million ($207 million). Press release Details.
The operation was carried out in conjunction with the NPU’s main investigative arm, the Public Prosecutor’s Office of Ukraine, and the European Union’s law enforcement collaborator, Europol, and the European Union’s judiciary.
Law enforcement authorities in Albania, Finland, Georgia, Germany, Latvia and Spain also supported investigations into the organization launched in Ukraine in 2020. did. Said.
Thousands of investors worldwide have been scammed, investigators say
The customer service centers operated in several European countries and had more customers than 2,000 employees. Their main task was to convince investors that investing in cryptocurrencies and trading stocks, bonds and options could lead to high profits.
According to Europol, hundreds of thousands of people worldwide are affected by the transnational group’s illegal activities. The scheme simulated asset growth on the platform, but did not allow investors to cash out the earnings.
His three call centers, staffed by five Ukrainians, were based in Kyiv, the capital, and Ivano, in western Ukraine. If convicted, the organizers could face up to eight years in prison under Ukrainian law. The network’s existence was first revealed to him in August.
Law enforcement officers searched the Ukrainian suspect’s home and residences of other members of the group in other countries. More than 500 computers and mobile phones were seized by him during the search, the cyber police department added.
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