Israeli citizens charged in cryptocurrency fraud scheme in Georgia
Two Israeli citizens have been charged in a cryptocurrency fraud scheme in which they misappropriated a total of €159,905 from French citizens. Photo: Nino Alavidze/Agenda.ge.
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Two Israeli citizens have been charged in a cryptocurrency fraud scheme in which they misappropriated a total of €159,905 from French citizens, announces the Prosecutor’s Office of Georgia.
The investigation found that in order to misappropriate funds from non-resident individuals, M.K. established a legal entity in Georgia with a similar name of a foreign enterprise.
The Prosecutor’s Office of Georgia states that two Israeli citizens 'along with other members of a criminal group' persuaded four French citizens through telephone communication to invest in cryptocurrency trading.
Between March 21, 2018 and April 27, 2018, French citizens transferred a total of €159,905 onto the account of the enterprise founded by Israeli citizens. Later one of the members of the criminal group transferred the mentioned amount of money from his personal bank account to family members in Israel.
Through these actions, M.K. and D.K. legalised a total of €73,995 and $13,100 in illegal income", said the Prosecutor Office of Georgia.
The crime is punishable by nine to 12 years in prison.
Georgian law enforcers of the Central Criminal Police Department of the Ministry of Internal Affairs (MIA) have detained 11 individuals for helping embezzle €620,000 belonging to German, Austrian, Chinese, Dutch and Norwegian citizens.
Police have detained an individual for theft in the eastern Georgian town of Marneuli. The individual, identified as I.J. and born in 1993, is currently on probation for theft. The crime is punishable by four to seven years in prison.
Forty-five Georgian citizens have been detained abroad with the help of the Georgian police, the Georgian Interior Ministry reported earlier today.
The Greek police have detained a group of nine Georgian citizens, including one woman, for the creation of ‘criminal groups’ and house robberies in Athens.
The investigation found that an Iranian citizen had created an organised criminal group the purpose of which was to import a large amount of foreign currency from abroad through the customs border of Georgia, bypassing the established procedures, and to launder it by placing on the bank accounts of fictitious enterprises.
The Investigation Service of the Ministry of Finance of Georgia has detained a former manager of a large commercial bank branch in Batumi for the misappropriation of large amounts of money and using forged documents.
Police have detained three Georgian citizens for the misappropriation of a large amount of money by fraud belonging to a Swedish citizen.