Three young men from Kyiv organized a fraudulent scheme under the guise of investing in cryptocurrency and defrauded almost 100 people. They now face up to 8 years in prison.
Three young men from Kyiv organized a fraudulent scheme under the guise of investing in cryptocurrency and defrauded almost 100 people. They now face up to 8 years in prison.
In October 2023, the scammers created the Telegram channel 1MILLION COMMUNITY, where they advertised high earnings from investments that actually went to their own bank cards.
They convinced people that they would profitably invest investors' money in cryptocurrency and return it all with interest in a few days. After that, they said that their payment was successful, and in order to withdraw the earned money, they needed to pay a commission. When investors invested larger amounts, they were blocked.
In order to attract new customers, the young people published fake reviews from satisfied people who supposedly made significant profits.
During the pre-trial investigation, 78 victims were identified who were defrauded of over UAH 500,000 using this scheme.
The Obolon District Prosecutor’s Office of Kyiv has sent an indictment to court for fraud against the trio. They face a prison sentence of three to eight years.
Currently, the defendants have partially compensated the victims for the damages caused.
