The Ukrainian stole 12 million euros from gullible Germans

Law enforcement agencies of the federal state of Saxony in Germany arrested in Cyprus a 35-year-old native of Ukraine, accused of fraud on an especially large scale, the portal "T-online" reported.

On Wednesday, Saxon police officers, together with colleagues from Serbia and Cyprus, conducted a series of searches at real estate related to the defendant in the case. Computers, mobile phones, hard drives and other equipment were seized as part of the operation.

The accused, a 35-year-old Ukrainian, was detained in Cyprus. According to the prosecutor's office, the man created an illegal scheme that allowed him to defraud more than 120 German citizens worth about 12 million euros. On a global scale, the damage amounted to over 100 million euros.

It is noted that the Ukrainian fraudster offered people around the world "profitable online investments" promising "huge profits" with small investments. At best, the victims received no more than three percent of the volume of "investments" on their account.