The co-founder of the pyramid scheme was detained in Kiev, reported the Cyber Police of Ukraine.
According to investigators, starting in 2022, members of the group deployed a whole network of financial pyramids in Ukraine. Attackers offered citizens to invest in their own token, promising a stable profit. In fact, it was formed by attracting new investors, and payments were made according to a pyramidal or binary commission system.
The founder and his wife provided popularization of the project in Instagram. The advertising was supported by other bloggers. The amount of damage from the activities of fraudsters amounted to ~$1 mln.
Law enforcers conducted searches at the places of residence of the defendants on the territory of Khmelnitsky, Odessa, Chernigov and Poltava regions. They seized computer equipment, notes and a car.
One of the participants investigators reported suspicion of fraud. The article provides for up to eight years of imprisonment.
Whether any Moldovan citizens have suffered from the activity of this crypto pyramid scheme has not been reported yet.
