Bulgarian Authorities Dismantle Online Investment Scam Network: Seizing Over EUR 10 Million

Bulgarian law enforcement, with the support of Europol and Eurojust, dismantled a transnational online investment fraud network that defrauded mainly German and Greek investors of over EUR 10 million.

Arrest and Searches

One suspect arrested: Bulgarian National Police arrested one suspect involved in the scam on January 26 during a coordinated action day.
Locations searched: A total of 24 locations were searched in Sofia and Burgas.
Witnesses interrogated: 66 witnesses were interrogated as part of the investigation.
Evidence seized: Authorities seized significant electronic equipment, financial information, and recordings as evidence.

International Collaboration

The operation, which marks a significant success in the fight against financial crimes, included the following European organizations:

Europol: They provided analytical and coordinative support to ensure the investigation’s smooth progression.
Eurojust: They facilitated the judicial cooperation between the involved countries, ensuring efficient exchange of information and mutual legal assistance.

Ongoing Investigation

Identification and Apprehension of Suspects: The investigation remains ongoing, with authorities working to identify and apprehend other suspects involved in the scam.
Public Alert and Vigilance: The public is urged to remain vigilant and report any suspicious online investment opportunities or interactions with suspected fraudulent entities.

Impact of International Cooperation

This significant collaborative effort between Bulgarian judicial and law enforcement authorities and European organizations demonstrated a clear commitment to combating financial crimes and protecting consumers from illicit activities.

Further Information

For further details about the operation, visit: