Three expatriates accused of running a fraudulent investment and cryptocurrency scheme and scamming 12 people out of more than BD444,000 will learn their fate later this month.
A marketing and management company, which the suspects allegedly used as a front to launder their ill-begotten funds, is also on trial at the High Criminal Court as an ‘artificial person’ and is the fourth defendant in the case.
A financial audit report of the company was submitted to the court, during the latest hearing, and included key information on where the funds were taken from and where they were transferred to.
Judges heard that the accused – two Ukrainians and a Moroccan – ran advertisements on social media to find unwitting preys and offered attractive investments in gold, petrol and digital currencies.
https://www.gdnonline.com/Details/1360301
