According to 168.am, the Investigative Committee of Armenia has completed the pre-trial investigation into S.Ch., a member of a criminal organization. He is accused of committing computer-based fraud and money laundering between 2021 and 2025.
S.Ch. managed a company that created fraudulent websites. The criminal group entered the confidential bank card details of foreign citizens into these platforms. They siphoned the funds by pretending that online purchases were being made. As a result, more than 538 million drams were stolen from the victims.
To conceal the proceeds of the crime, the group carried out numerous transactions. They transferred the funds to their own companies, a charitable organization, and personal accounts. Betting, fake contracts, and crypto-assets were used to launder the money.
Criminal prosecution has been initiated against S.Ch. He is charged with participation in a criminal organization, large-scale fraud, and money laundering. The case has been sent to the prosecutor with an indictment.
Notice: An individual accused of a crime is considered innocent until proven guilty by a final court judgment.
