Legal Actions Initiated Across the Balkans
Recent reports indicate that legal representatives based in Tel Aviv (Israel) and Belgrade (Serbia) are preparing and filing criminal complaints on behalf of European Union (EU) citizens who were victims of online investment fraud schemes. These actions target entities connected to platforms such as Option888, KayaFX, Bealgo, Tradorax, and 23Traders. The focus is on both the scam operators and associated payment processors located in Serbia, Bosnia-Herzegovina, and Montenegro.
Companies Under Investigation
Among the companies reportedly under investigation are:
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Hermes Solution DOO Podgorica
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Montival DOO Podgorica
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Binex DOO Podgorica
These entities have previously been mentioned in Scam-Or Project reports. According to available sources, criminal investigations are currently active in Montenegro and Serbia, including proceedings under case number 86/18, involving allegations of money laundering and investment fraud.
Confirmation from Legal Teams in Belgrade
Legal professionals managing the case in Serbia have confirmed to Scam-Or Project that formal proceedings are underway. They are currently onboarding more individuals who have suffered financial losses as a result of these schemes. The legal teams believe that submitting formal complaints to prosecutors in Montenegro, Serbia, and Bosnia-Herzegovina can significantly increase the chances of restitution for EU-based victims.
Broader Investigations in the EU
Authorities in several EU nations, including Germany, Austria, Spain, and Sweden, are also conducting investigations into these fraud networks. These efforts are part of a wider international crackdown on cyber-financial crime rings operating across multiple jurisdictions.
The Role of Prior Reporting
Previously collected intelligence and documentation shared by Scam-Or Project have helped inform and support the foundation of these legal efforts. Over recent years, Scam-Or Project has worked closely with legal professionals and enforcement agencies across Europe, Israel, and the Balkan region to combat cross-border financial fraud.