It would have affected more than 1,000 people who were promised high profits with little risk.
The ukrainian police exposed a ponzi scheme which is suspected of collecting millions of dollars americans. According to the reports, the recruitment method would consist of offering the victims the opportunity to become investors and accelerated increases in your investments capital.
He large scale pyramid scheme discovered by the Ukrainian police forces would have worked disguised hidden under the figure of an investment project called “Life is good”.
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This type of pyramid scheme, called ponzithey are based on attract new investors to get paid back to previous investors. In addition, scammers often promise big profits with little risk. In this way, unsustainable schemes are put together that can end up leaving the victims with great losses.
According to the authorities, the victims of this pyramid scheme numbered more than 1,000 and the scammers managed to make almost US$40 million. The money was then transferred to the crypto wallets and bank accounts of the organizer. To use the service, scammers developed their own web resource with the accounts of possible “investors”.
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In this specific case, the promise to investors aimed at big profit dividends for investing in shares of world-class companies. In addition, the organizers guaranteed their clients bonuses to attract new clients.
The reports that emerged from the intervention of the Ukrainian authorities say that, in the kyiv office and in several other related addresses, they found computers, cell phones, financial documents and documents. They indicate that the seized items contain evidence of illegal activity. The security service also found souvenirs and advertising products that were used for attract investors.
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The origins of the scam
The scheme arose and operated from the Russian Federation until 2017. They then opened an office in kyiv, the Ukrainian capital. They have settled there since then and even gained greater public relevance by making a major advertising campaign.
After the start of conflict between Russia and Ukrainethe pyramid scheme tried to hide its origin possibly to avoid the bad press that its origin could generate.
Source: Ambito
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