Azerbaijan: traded fictional cryptocurrency fraudsters were detained

As a result of operational-search activities conducted by the Ministry of Internal Affairs, members of an organized criminal group, which, with the help of social networks, enjoyed in confidence, were exposed to the confidence, fraudulently assigned a large amount of citizens’ money fraudulently. This HaqQin.az reported in the press service of the Ministry of Internal Affairs.

Some time ago, the main department received operational information that a group of persons in deception took possession of several citizens in the money, creating a network business under the guise of an investment company. During the investigation by law enforcement agencies and specialists of the Central Bank of Azerbaijan, it was found that residents of Baku – Gwulara Abdullayev, Khayal Yakhyaev and other members of the criminal organization established a company called “Insuccess”. Then, through a fraudulent pyramid through the company created by them, they organized a PR campaign on social networks.

Person data created in the network actually non-existent cryptocurrency, allegedly organized its sale in the international foreign exchange market and fraudulently seized the money of citizens, promising them high income.

During the investigation, it was found that members of the criminal gang were deceived by a total of about 10 thousand citizens. During the search of premises leased by members of the grouping, real evidence of their criminal activity were found.

With regard to Gulara Abdullava and Khayala Yakhyaev, a criminal case was initiated under Article 178.3.2 (fraud with the cause of major damage) of the Criminal Code. Incidental operational activities continue.