law-enforcers-expose-fraudster-who-embezzled-uah-4-million-of-charitable-aid-to-equestrian-sport

Law enforcers expose fraudster who embezzled UAH 4 million of charitable aid to equestrian sport

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An official of a public organization was raising money abroad ostensibly to help Ukrainian equestrian sport, but in fact enriched himself. This was reported by the press service of the Kyiv City Prosecutor's Office, UNN reports.

Details

According to the investigation, an official of the All-Ukrainian Equestrian Federation, an NGO, in 2022, moved to Belgium and founded and headed a charitable organization of the same name to collect charitable assistance, allegedly to help the equestrian sport of Ukraine.

Using the official letterhead of the Ukrainian NGO where he was the secretary general, using the right to sign official letters on its behalf, the man sent letters to European companies calling for charitable assistance. However, he collected the money on the accounts of his organization, not the one from which he wrote the letters,

- the statement said.

Law enforcement officers found that foreign organizations transferred more than EUR 790 thousand to the account of the foundation created by the suspect. However, part of the benefactors' money never made it to Ukraine and was not spent on supporting equestrian sports.

The investigation documented that the man transferred almost UAH 4 million to two accounts and spent the money at his own discretion. He was served a notice of suspicion of fraud on an especially large scale.

78-річний "Дід" керував схемою перепродажу залізничних квитків на мільйони16.12.24, 15:43

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