SBU exposed and served the organizers of financial pyramid a suspicion notice for embezzlement of over USD 250,000 belonged to investors.

On August 27 of this year, within the initiated criminal proceedings, law enforcement officers conducted 48 searches in suspects’ residences. According to the judgment, the SBU seized offender’s property assets, in particular, bank accounts, movable and immovable property, including those issued to controlled legal entities.

Stores are still working in order that the investors can exchange certificates for money or goods.

Currently, the mastermind, the head and the chief accountant are served a suspicion notice for criminal offense committed by a group of persons, financial fraud, legalization (laundering) of criminally obtained money and other property. Round-the-clock house arrest was chosen as a type of detention to two offenders. On September 9, 2020 the court will choose a type of detention to the accountant.

Investigation are ongoing.

The operation was carried out by the SBU Main Department for Combating Corruption and Organizing Crime jointly with the Main Investigative Department of the National Police under the procedural supervision of the Prosecutor General’s Office.