Ukrainian Police Bust International Crypto Fraud Ring, 14 Arrested
The National Police of Ukraine arrested 14 suspects, including the alleged organizers, and seized 12 luxury cars, 136 units of computer equipment, 951 SIM cards, 455 starter packs, and significant amounts of cash
Ukrainian authorities have dismantled a criminal network defrauding citizens across Ukraine, Moldova, Kazakhstan, and the European Union through deceptive call centers promising lucrative cryptocurrency investments.
The National Police of Ukraine arrested 14 suspects, including the alleged organizers, and seized 12 luxury cars, 136 units of computer equipment, 951 SIM cards, 455 starter packs, and significant amounts of cash. Two Georgian nationals, aged 49 and 51, are accused of orchestrating the scheme, recruiting 12 others to operate fraudulent call centers.
These call centers posed as stock exchange experts, using psychological tactics to persuade victims to invest in cryptocurrency, ultimately transferring their funds to the criminals’ electronic wallets and bank cards. Each accomplice had specific roles, from devising fraudulent schemes to recruiting staff and distributing proceeds.
