Košice prosecution sends group of fraudsters to court, victims lost more than €23 million
Investigation into massive investment fraud is closed. The accused allegedly deceived hundreds of people through false forex and cryptocurrency schemes.
Košice prosecution sends group of fraudsters to court, victims lost more than €23 million
The Specialised Criminal Court in Pezinok has received an indictment against four perpetrators of an extensive financial scheme. The Regional Prosecution Office in Košice has closed the investigation into the case, in which the accused promised to generate profits from foreign exchange markets and digital assets.
According to the spokesman of the office, the indictment is directed against two individuals and two companies. The offence allegedly took place between February 2015 and July 2019. The criminal group was said to have drawn hundreds of victims into non-existent investments, with the total number of fraudulent cases reaching 1,032.
The main individual allegedly caused damage of nearly €23.8 million. Of this, approximately €17.2 million was allegedly caused through joint activity with another accused person and two companies.
The entire scheme operated in the territory of Košice and other locations in Slovakia. The aim was unlawful enrichment at the expense of trusting clients.
If the court finds the accused guilty, the individuals face deprivation of liberty for three to ten years.
Source: Korzár/SME
Source: Korzár