Overview

• Proceedings open on July 28 at the Cyber-Economic Crimes Chamber of the Bamberg Regional Court against a 36-year-old Israeli-Ukrainian defendant.
• He is charged with commercial and gang fraud for leading a professionally organized network active from mid-2018 to April 2020.
• Prosecutors accuse him of operating fake investment platforms Trade Capital and Fibonetix alongside call centers in Ukraine, Serbia and Bulgaria.
• Investigators have identified 399 victims with almost €10 million in confirmed losses and say total damages could exceed €27 million.
• German and international authorities arrested him and a 42-year-old co-defendant in Israel in 2021 and extradited them in 2023 after seizing luxury assets including a Rolls-Royce and a Lamborghini.