The National Police exposed an international fraud network that deceived foreigners for millions of hryvnias

The National Police exposed an international fraud network that deceived foreigners for millions of hryvnias

As part of an international special operation, Ukrainian police, in cooperation with Latvian law enforcement and with the support of Europol and Eurojust, exposed a criminal group that defrauded Latvian citizens of over 6 million UAH. The criminals organized a fraudulent scheme offering investments in cryptocurrency through fake brokerage platforms.

This was reported by the National Police.

The offenders operated from 2022, creating fake platforms that mimicked legitimate trading websites, and organized operations with potential victims through call centers located in Ukraine. Using social engineering tactics, the fraudsters promised high returns and lured people into installing remote access software on their devices.

To legalize the illicitly obtained funds, the organizers registered as individual entrepreneurs and received payments for allegedly provided computer programming services.

The total amount of damages exceeds 6 million UAH. Law enforcement conducted over 30 searches in several regions of Ukraine, seizing computer equipment, cryptocurrency wallets, mobile phones, bank cards, and luxury cars purchased with the stolen funds.

The organizer and three members of the group have been charged with fraud. The court imposed preventive measures in the form of detention and house arrest. The pre-trial investigation continues, and all individuals involved in the illegal activities are being identified.