In action day in January this year, Serbian law enforcement with the support of Europol and Eurojust raided several boiler rooms, including Olympus Prime and Asgard in Belgrade. They found significant data and evidence, the analysis of which established a well-founded suspicion that these boiler rooms may have defrauded more than 127,000 citizens worldwide with estimated total amount of more than $7 billion.
According to Serbian media reports, Serbian law enforcement recently had a second day. They called it project “Infiniti.” In judicial cooperation via Eurojust, law enforcement agents from Serbia and Australia arrested 16 people. The suspects are accused of defrauding at least 200 foreign nationals in a total amount exceeding $20 million via their scams and boiler rooms.
The suspects were ordered to be detained for up to 48 hours, and with a criminal complaint, they will be brought to the competent prosecutor’s office. The Serbian Ministry of Internal Affairs warns Serbian citizens and residents to be especially careful when being offered employment in so-called “call centers” that allegedly engage in educating and advising clients on financial markets of any type, including trade crypto-currencies. Typically, these are fraudulent and illegally operating boiler rooms.
