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2h ago

Georgia Raids Hit Suspected Crypto Investment Ring Tied to €290,000 Saxony Fraud

Server forensics led to mid-September raids in Georgia that seized cash and data, advancing a fraud case against seven suspects.

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Nach einem Anlagebetrug in Sachsen mit einem Schaden von rund 290.000 Euro haben Ermittler sieben Tatverdächtige in Georgien identifiziert. Gegen sie wird nun wegen gewerbsmäßigen Betrugs ermittelt, wie die Polizei in Chemnitz mitteilte.

Overview

  • German and Georgian authorities searched seven residences in Georgia in mid-September 2025 and opened investigations into two women and five men, all Georgian citizens aged 24 to 36.
  • Investigators seized more than $150,000 in cash, luxury watches, and numerous hard drives during the coordinated searches.
  • The case stems from a 62-year-old from Burkhardtsdorf who was drawn into a bogus online investment, lost access to purported gains, and was pushed into repeated cryptocurrency transfers.
  • Police say the perpetrators obtained remote access to the victim’s computer and used new pretexts to extract further payments, leaving her with losses of about €290,000 that have not been recovered.
  • German detectives identified suspects via a server analysis in 2023 and formal cooperation with Georgian authorities followed in 2024, with investigations now ongoing for commercial-scale fraud.