Lutsk Police Break Up Fraudulent Cryptocurrency Investment Call Center
- Authorities dismantled a call center in Lutsk that defrauded Ukrainian and EU citizens through fake investments in cryptocurrency, securities, and foreign exchange markets.
- Approximately 60 operators were involved, with the organizer reportedly earning up to $500,000 monthly.
- Police seized around $30,000, along with over 468 mobile phones and more than 1,000 pieces of computer equipment.
- Victims were misled into investing on fake trading platforms that displayed inflated account balances before blocking withdrawals.
- The total estimated value of the seized property is about ten million UAH (approximately $270,000).
The fraudulent operation involved creating false identities as financial analysts to lure victims into making investments under false pretenses. Authorities are currently identifying all individuals linked to the call center and assessing the extent of victimization.
This crackdown resulted in significant asset seizures including cash and electronic devices used for the scam, highlighting ongoing efforts against cryptocurrency fraud schemes.(Source)
