Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

International campaign launched against money laundering and cryptocurrency fraud

Photo: EPA/BGNES

Pursuant to a European Investigation Order from Germany, the Sofia City Prosecutor's Office and the police are investigating an international organized crime group for financial instrument fraud. The action has been coordinated with Eurojust and Europol, the prosecutor's office announced.

A network of cryptocurrency fraud, tax crimes and money laundering operating from Bulgaria, Cyprus and Serbia has been busted. The network defrauded numerous victims in Germany, Switzerland, Austria, Australia and Canada out of tens of millions of euros. 

During the action in Germany, Bulgaria, Cyprus and Serbia, 4 call centres and 18 other sites with 250 workplaces were searched, more than 250 people were questioned, more than 150 computers and numerous data carriers and currency were seized. 14 persons were detained in Serbia and one in Germany.

The Bulgarian authorities have interrogated 42 persons, of which 6 are foreign citizens. The questioning of more than 50 witnesses and checks of accounting documents continue. 33 German police officers participated in the actions in Bulgaria, Cyprus and Serbia.

The action in Sofia affected the crypto trading company NEXO. In the position of the company, it is emphasized that they do not develop activities in Bulgaria and that they will file a lawsuit against the authorities for breaking up their business.



Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Vesna Bendevska

The rulers in Skopje continue to repress the Bulgarians in Bitola

The Deputy Speaker of the Parliament of North Macedonia, Vesna Bendevska, has reported to the Prosecutor's Office in Bitola that the Bulgarian cultural club "Ivan Mihailov" in the city continues to function, despite its deletion from..

published on 11/5/24 10:47 AM

Four of the MPO clubs met in Indianapolis

A meeting of representatives from four clubs of the Macedonian Patriotic Organization (MPO) in the USA and Canada, took place in Indianapolis. The meeting included the clubs of "Pirin" (Chicago), "Bistrica" (Cincinnati), "Todor..

published on 11/5/24 9:38 AM

President convenes the newly elected parliament on November 11

Before the start of a ceremony in Sofia for presenting the "Manager of the Year" awards, President Rumen Radev announced that he will convene the 51st National Assembly on November 11.  Asked whether he would approach the..

published on 11/5/24 8:45 AM