A joint investigation between 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 Ukrainian law enforcement, resulted in multiple arrests and the seizure of significant assets, as officials continue to investigate an organized group accused of running fake investment platforms.
The case began after Polish authorities recorded a rise in complaints from individuals reporting losses through online forex investments. The Krakow Regional Prosecutor's Office identified an organized crime group that allegedly posed as legitimate brokers offering trading opportunities in the foreign exchange market. According to investigators, the platforms did not execute real trades but instead simulated activity to convince victims that their investments were increasing in value.
Once funds were deposited, the group allegedly redirected the money rather than conducting genuine forex transactions. The Central Cybercrime Bureau, working alongside prosecutors, traced parts of the operation to multiple locations in Ukraine and requested assistance from Ukrainian authorities. This cross-border cooperation became a key element in uncovering the scale and structure of the scheme.
Raids, Arrests and Seized Assets
Authorities identified 28 sites suspected of hosting call centers associated with the fraudulent platforms. Ukrainian law enforcement carried out searches at these locations and discovered three active call centers. During the raids, officers detained 12 individuals, nine of whom were placed in pretrial detention as proceedings advance.
Prosecutors have brought charges against 23 suspects in connection with the alleged fraud. Investigators estimate that at least 2,000 victims were affected, with total losses reaching a minimum of 80 million Polish zlotys. The financial impact and number of victims underscore the large-scale nature of the operation.
The investigation has also led to the seizure of assets valued at 18.2 million Polish zlotys. Recovered property includes cryptocurrency, cash, luxury cars, watches and other high-value items believed to be linked to the alleged scheme. Courts have additionally imposed bail totaling 4.4 million zlotys on certain suspects as the legal process continues.
Authorities in both Poland and Ukraine are continuing their investigation into the activities of the organized group and the operation of the fake investment platforms. Further actions may follow as evidence is analyzed and proceedings progress.
