A report shows Ukrainian Cyberpolice identified members of a group that defrauded people around the world through fake crypto investment offers. The criminal organization maintained offices and customer service centers with thousands of employees in a number of European countries.

The cybercrime combatting unit of the National Police of Ukraine (NPU) has exposed five Ukrainian citizens accused of participating in a large-scale international scheme that lured victims with promises of high profits from fake investments in cryptocurrencies and securities.

The entity behind the criminal undertaking had established representative offices and call centers across Europe, Ukrainian police officials revealed. The estimated annual losses resulting from its activities exceeded €200 million ($207 million), a press release detailed.

( by Lubomir Tassev)