Transnational organized crime group uncovered in Armenia: suspected of investment fraud

YEREVAN, January 25. /ARKA/. A transnational criminal group engaged in investment fraud has been uncovered in Armenia, the Interior Ministry said, calling it an “unprecedented case” in the country’s history.

According to the operative information of law enforcement bodies, companies run by foreign nationals, who allegedly hired personnel for  the State Register and developed software, organized a call center in several office premises in Yerevan.

The criminal scheme involved citizens of Armenia and other states who, speaking foreign languages, made Internet calls to people in foreign countries, offering them profitable investments.

The members of the group launched fake websites, which they actively advertised in various social networks, promising high return on investment and simplicity of the process. As a result, by misleading various foreign nationals and abusing their trust, the members of the criminal group stole large sums of money.

Based on the evidence collected, the Investigative Committee initiated a criminal case.

On December 8, 2023, searches were conducted at different addresses in Yerevan, and on January 16 of this year, one of the leaders of the criminal group was tracked down and arrested in the capital.

The analysis of the information received during the searches showed that the  criminal group had been stealing  large sums of money in cryptocurrency from foreigners every month for two years, which the members of the criminal group tried to legalize through  legal entities  they created.  

Based on the facts obtained, prosecutors allowed law-enforcers to launch criminal chargesr against 20 members of the group -0-

spot_img

POPULAR

Special symphony concert: results of trilateral cooperation summed up

Acba Bank, the Hayastan All-Armenian Fund and the State Symphony Orchestra of Armenia summed up the results of musical and cultural projects jointly implemented over many years.

VTB (Armenia) offers corporate clients effective solutions for managing idle funds

VTB (Armenia) offers a range of three deposit products for corporate clients, each with different terms for placing funds.

Armenia and the French Development Agency Discuss New Areas of Cooperation

Armenia and the French Development Agency (AFD) are discussing future cooperation in the areas of irrigation infrastructure and agriculture, energy, solid waste management, and private sector development, the press service of the Armenian government reports.

Market capitalization in September totaled AMD 352.4 billion – Armenia Securities Exchange

Equity market capitalization in September 2026 stood at approximately AMD 352.4 billion, the press service of the Armenia Securities Exchange (AMX) reported.

Unibank Supported AGBU Global Run as Lead Sponsor Across 22 Cities Worldwide

The AGBU Global Run for Camp Nairi brought together more than 1,500 participants across 22 cities and raised $500,000 to support children and families affected by war and displacement.

LATEST NEWS

spot_imgspot_imgspot_img