Czech Police Detain Ten Foreign Students in Prague Over Money Laundering Linked to Internet Fraud

Ten foreign students have been taken into custody following a money laundering investigation linked to internet fraud in Prague, Czech Republic. Here’s what we know so far:

Arrests Made and Funds Involved

According to a statement by Jan Rybanský, a spokesperson for the Prague police, approximately CZK 1.5 million (or $66,500 USD) were involved in the illegal activities. The women, aged between 40 and 60, were identified as residents of Prague and have been detained.

Rybanský revealed that the students either spent the funds or transferred them abroad, making it hard for investigators to trace the source of the funds.

How the Scam Unfolded

The police began investigating after receiving alerts from the Financial Analytical Office regarding suspected criminal behavior. The women had transferred fraudulently obtained funds into their bank accounts.

The scammers often target women on social media who publicly reveal their divorce or single status, exploiting their vulnerabilities. They use various personas, posing as soldiers on missions, miners on oil platforms, or doctors on UN missions, to elicit the women’s interest.

Psychological Manipulation and Biggest Losses

Scammers employ psychological manipulation to convince victims to send money for a supposed meeting, leading to significant financial losses.

Another Case of Money Laundering in South Moravia

Another case of money laundering came to light in South Moravia, where a Czech woman was apprehended in collaboration with customs officers. She was suspected of laundering funds on behalf of an Austrian group involved in internet scams that targeted women, totaling over 11 million crowns ($472,000 USD).

The scammers and their leaders in this case were also arrested, with legal proceedings initiated in Austria.

Stay Alert and Report Any Suspicious Activity

Money laundering, as a result of internet fraud, continues to be a significant issue in the Czech Republic, with the potential to impact numerous individuals. Police urge the public to remain vigilant and report any suspicious behavior.

Important Tip: If you’re ever contacted by someone asking for money via social media or any other platform, stay cautious. Do your research and background checks before sending any money.