Poland & Ukraine Shut Down Forex Fraud Call Centers, Arrest 12

WARSAW/KYIV – A joint investigation by Polish and Ukrainian authorities has dismantled three call centers linked to a large‑scale forex fraud scheme targeting thousands of investors.

The operation, led by Poland’s Central Cybercrime Bureau and the Krakow Regional Prosecutor’s Office, resulted in multiple arrests and asset seizures. Authorities identified 28 suspect sites across Ukraine, where law enforcement raided three active call centers.

12 individuals were detained, with nine placed in pretrial detention. Charges have been filed against 23 suspects.

The fraudulent platforms did not execute real trades. Instead, operators simulated trading activity to convince victims their investments were growing while secretly redirecting deposited funds.

Estimated losses: At least 2,000 victims suffered total losses of no less than 80 million Polish zloty (approx. $20 million USD).

Assets seized include cryptocurrency, cash, luxury cars, watches, and other valuables worth 18.2 million zloty. Courts have also imposed bail totaling 4.4 million zloty.

The investigation remains active, with authorities working to identify additional participants and trace remaining funds.