They promised crypto interest but stopped contacting customers: 10 fraud suspects to stand trial

A case of fraud under the guise of investing in cryptocurrencies has been brought to court: 10 people will be prosecuted for promising a 2-3% profit, receiving money and then ceasing communication with investors.

UNN writes with reference to the telegram channel of the Kyiv Prosecutor's Office.

Details

The suspects in the criminal organization, who posted offers to make a profit with cryptocurrency and, having received the money, stopped contacting depositors, will be brought to justice.

The indictment against 10 members of a criminal organization on the fact of organizing a fraudulent scheme related to the illegal acquisition of cryptocurrency (parts 1, 2 of Article 255, part 4 of Article 28, part 5 of Article 190 of the Criminal Code of Ukraine) is submitted to the court 

HelpHelp

The illegal scheme was organized by three men from Zhytomyr region. They also involved their friends who lived in different regions of Ukraine in the criminal organization. The group members posted ads in Telegram chats offering to make a profit by placing cryptocurrency on crypto exchanges.

Investors were persuaded to buy cryptocurrency and transfer it to the virtual wallet of the organizers of the fraudulent scheme. The criminals assured them that the invested amount would be returned with a profit of 2-3%.

In order to get customers to transfer as much money as possible, the organizers of the scheme first paid the promised interest to establish trust and show that the scheme was working. Later, the crypto fraudsters would stop communicating with the so-called investor.

Recall

Earlier , UNN reported that the total value of cryptocurrencies fell by $367 billion due to a 15% drop in bitcoin and a 22% drop in ether in 24 hours. The selloff coincided with a broader drop in stock markets due to recession fears.