Ukraine exposed the scheme of appropriation of funds under the guise of investments in cryptocurrencies

Ukrainian law enforcement officers have detained suspected members of an international fraudulent group involved in money laundering. The attackers lured money from victims under the pretext of investing in cryptocurrencies, securities and other assets, according to the website of the Office of the Attorney General .

According to the investigation, since 2017, members of the group have appropriated funds through specially created sites, which allegedly allowed them to make a profit from trading various assets.

“Investors were misled by imitating sales and purchase agreements through the software interface and a fictitious increase in profits from stolen funds by more than 100 times,” the message says.

When victims wanted to withdraw profits, attackers called them under the guise of employees of trading platforms and demanded payment of a service fee and commission – an additional 15% of the amount.

After payment, the accounts of the investors were blocked.

The preliminary damage amounted to 9 million euros. Most of the victims are citizens of Germany, Austria and other EU countries.

Law enforcement officers detained two suspects of involvement in the group. During the searches, their documents and cars were seized. 

In December 2020, the property of the defendants in the case was seized. The total value of the property was about 50 million euros 

The suspects are in custody, the investigation is ongoing.

We will remind, recently, the Security Service of Ukraine stopped the activities of intruders who lured funds from citizens of the EU and CIS countries under the guise of investing in cryptocurrency, securities, gold and other assets.

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