Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

International campaign launched against money laundering and cryptocurrency fraud

Photo: EPA/BGNES

Pursuant to a European Investigation Order from Germany, the Sofia City Prosecutor's Office and the police are investigating an international organized crime group for financial instrument fraud. The action has been coordinated with Eurojust and Europol, the prosecutor's office announced.

A network of cryptocurrency fraud, tax crimes and money laundering operating from Bulgaria, Cyprus and Serbia has been busted. The network defrauded numerous victims in Germany, Switzerland, Austria, Australia and Canada out of tens of millions of euros. 

During the action in Germany, Bulgaria, Cyprus and Serbia, 4 call centres and 18 other sites with 250 workplaces were searched, more than 250 people were questioned, more than 150 computers and numerous data carriers and currency were seized. 14 persons were detained in Serbia and one in Germany.

The Bulgarian authorities have interrogated 42 persons, of which 6 are foreign citizens. The questioning of more than 50 witnesses and checks of accounting documents continue. 33 German police officers participated in the actions in Bulgaria, Cyprus and Serbia.

The action in Sofia affected the crypto trading company NEXO. In the position of the company, it is emphasized that they do not develop activities in Bulgaria and that they will file a lawsuit against the authorities for breaking up their business.



Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Traffic to the Kapitan Andreevo border crossing between Bulgaria and Turkey is normalised

The truck traffic on the Maritsa highway to the Kapitan Andreevo border crossing at the Bulgarian-Turkish border is now normalized. "As of this morning, there are no more queues of trucks standing on the roadway waiting to cross the border," assured..

published on 11/22/24 3:04 PM

European Public Prosecutor's Office conducts searches in four Bulgarian cities for alleged fraud with EU funds

At the request of the European Public Prosecutor's Office, searches have been carried out in Sofia, Burgas, Petrich and Rila in connection with an investigation into alleged fraud with EU funds in the restoration of a church. In 2017, a public tender..

published on 11/22/24 1:42 PM

National Statistical Institute: Bulgarians aged 25 to 44 travel most

One million and eight hundred Bulgarian citizens travelled as tourists during the third quarter of the year, National Statistical Institute data show. 72.3% of them travelled inside the country, 20.8% travelled abroad and 6.9% - both inside Bulgaria..

published on 11/22/24 12:09 PM