Romanian and Moldovan authorities have dismantled an organized crime group (OCG) responsible for defrauding over 150 victims through financial scams since 2022. The criminal group, which operated by promoting a fake investment scheme, is estimated to have caused damages of approximately 3 million euros. The operation resulted in the detention of 12 individuals.
The scammers posted deceptive advertisements that promised substantial earnings through investments in virtual currencies. To lend credibility to the ads, the fraudsters exploited images of celebrities, logos of reputable banks and specialized financial publications. Victims, who clicked on the links, were directed to the fraudulent investment websites where they were asked to provide their personal information.
The criminals also attempted to obtain sensitive data by posing as professionals and contacting victims directly with the aim to gain access to their bank accounts. Once they had control of the accounts, the OCG transferred funds and took possession of the victims' virtual currencies.
The investigation into the scam was initiated after victims in Romania reported their losses to the authorities. Subsequent inquiries led to the identification of an organized crime group based in Moldova.
As part of the coordinated efforts 19 house searches were conducted across Moldova. The authorities seized a variety of evidence, including computers, data storage devices, weapons, ammunition, and documents.
