Home » News » Guilty Verdicts in Online Trading Fraud Case: Sentences Not Legally Binding

Guilty Verdicts in Online Trading Fraud Case: Sentences Not Legally Binding

The two defendants were sentenced to eight and six years in prison respectively – not legally binding.

Am Salzburg Regional Court are on Friday evening in a trial for fraud Online trading platforms and money laundering two Guilty verdicts been felled. The two main defendants – two Israelis aged 44 and 46 – were sentenced to eight and six years imprisonment sentenced.

The verdict is still pending not legally binding. Both defendants immediately Invalidity complaint and Criminal appeal Registered.

In the in February 2023 The trial that started was accused of being members of a international fraud network with online platforms in Austria 4,500 investors one ten million euros to have bruised. According to the Economic and Corruption Prosecutor’s Office (WKStA), around 100,000 victims suffered total damage of at least 200 million euros.

Read more: Salzburg State Council transferred 600,000 euros to fraudsters

Investors were lured with supposedly lucrative investments in financial products. According to the indictment, they were given investments in approximately… Stocks, Bitcoins, binary options or in raw materials like gold, promises very high returns. The victims were lured via real-looking “fake websites” on the Internet.

celebrities Personalities revealed “how you can get rich quickly,” he said Prosecutor at the start of the process. This was fake advertising. With one click, the potential victim was directed to the fraudulent website.

international network

Once registered on a platform, they were sent through alleged brokers – actually trained accomplices Call centers in Eastern Europe – to ever higher ones Investments tempted. The prosecutor said the brokers could have manipulated any trade at will using the special software. The customers demanded a payout of their fictitious credit on, they were informed that they had one total loss would have suffered. According to investigations, the invested funds disappeared Money laundering accounts of the perpetrator network.

The main defendant is said to Manipulation software developed and managed. The second defendant, a 46-year-old Israeli, is his right hand it was said in the indictment.

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2023-09-08 18:40:25
#Cyber #trial #Salzburg #guilty #verdicts #main #defendants

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