Georgian Prosecutor General’s Office says it is involved in joint Eurojust operations against int’l cryptocurrency fraud scheme

Eurojust said the investigation into the case had launched in 2019, following a complaint from a victim to the Swiss authorities, with the latest actions covering territories of 23 countries. Photo: Eurojust, 08 Nov 2023 - 15:33, Tbilisi,Georgia

The Georgian Prosecutor General’s Office on Wednesday said it was involved in “large-scale” operations run under the European Union Agency for Criminal Justice Cooperation against online fraud schemes involving cryptocurrencies, after the European body released information on the efforts on Tuesday. 

The Georgian body said it had joined forces with Swiss professionals in July to conduct efforts involving 12 countries in Georgia against a fraudulent operation.

The goal of the action was to reveal individuals and companies involved in the scheme, it said, adding the fraud mainly targeted Swiss and German investors.

A raid as part of the efforts led to the seizure of electronic devices, freezing of a number of bank accounts and assets on them, and of real estate allegedly obtained through criminal activities, the body added.