A joint investigation by Polish and Ukrainian authorities has led to the shutdown of three call centers connected to a large-scale forex fraud scheme that targeted thousands of investors. The operation, coordinated by Poland's Central Office for Combating Cybercrime and the Krakow Regional Prosecutor's Office, has resulted in multiple arrests and the seizure of significant assets.
The case originated after Polish authorities noted a rise in complaints from individuals reporting losses linked to online foreign exchange investments. The Krakow Regional Prosecutor's Office identified an organized crime group that posed as legitimate brokers, offering trading opportunities in the forex market through online platforms.
Investigators determined that the platforms were not conducting real trades. Instead, operators simulated trading activity to convince victims that their investments were generating profits. Once funds were deposited, the group redirected the money rather than executing genuine forex transactions.
Cross-border operation and arrests
Poland's Central Cybercrime Bureau, working with prosecutors, sought assistance from Ukraine after tracing parts of the operation to multiple locations in that country. Authorities identified 28 sites suspected of hosting call centers associated with the scheme.
Ukrainian law enforcement carried out searches at these locations and uncovered three active call centers. During the raids, officers detained 12 individuals, nine of whom were placed in pretrial detention. In total, prosecutors have brought charges against 23 suspects in connection with the alleged fraud.
Victim losses and asset seizures
Authorities estimate that at least 2,000 victims were affected by the scheme, with total losses reaching a minimum of 80 million Polish zlotys. As part of the investigation, officials seized assets valued at 18.2 million zlotys.
The recovered property includes cryptocurrency, cash, luxury cars, watches, and other high-value items. Courts have also imposed bail totaling 4.4 million zlotys as proceedings continue against the suspects.
The investigation remains ongoing as authorities in Poland and Ukraine continue to examine the activities of the organized group accused of operating the fake investment platforms and associated call centers.
