Jubilee Ace/ Jenco/ GTR / 3Key – Lyra Newsletter No. 204

Dear Clients,

While the Jubilee Group case continues through the phase of international investigation, we would like to address a question that often concerns victims: what actually happens to the money once it leaves the platform or investment account.

One of the biggest misconceptions is that the funds simply “disappear” or are immediately irretrievably lost. In reality, the money never remains in one place and is not gone without a trace. Once fraudsters receive payments from victims, they very quickly move the funds through multiple accounts, companies, and even different countries. The goal is clear: to obscure the origin of the money and make its identification difficult.

This process is complex and dynamic. Funds are divided into smaller portions, redirected through banking and crypto channels, combined with other assets, and often pass through temporary or offshore companies. In this way, the direct connection between victims’ payments and the final beneficiaries is lost.

Although this can appear as if the money has “disappeared,” digital and financial traces remain. Cryptocurrency transactions, bank accounts, transfers between legal entities—each of these steps leaves a record that, with international cooperation and technical forensic analysis, can be reconstructed. It is precisely this complexity that makes investigations lengthy, but every step taken contributes to the ultimate goal: identifying the perpetrators and potentially recovering the funds.

For victims, it is extremely important to preserve all documentation related to payments, communication with the platform, and any transfer confirmations. Even seemingly minor details often serve as crucial pieces of the puzzle that allow the tracing of funds and the linking of multiple fraud cases.

Our team continues to monitor the investigation and all relevant steps taken by international authorities. You will be promptly informed of any new information that can be shared.

Kind regards,
Attorney Zoran Miljaković

Dear Clients,

Although there are currently no new official updates in the Jubilee Group matter, it is important to understand what happens behind the scenes when several countries investigate the same fraud. This process is complex, slow, and often invisible to victims, yet it is a central part of international financial investigations.

Scams such as the Jubilee Group scheme typically involve numerous jurisdictions—countries where victims reside, countries where shell companies are registered, and others where bank accounts, payment processors, or servers are located. When multiple prosecutors’ offices and financial authorities initiate proceedings, a structured mechanism of international cooperation begins.

This cooperation generally unfolds in three dimensions:

1. Exchange of information and evidence – through mutual legal assistance requests, direct communication channels, or international financial security networks.
2. Coordination of actions – authorities work to avoid duplicating efforts and instead assemble all pieces of the financial trail into one coherent picture.
3. Tracing the flow of funds – each country contributes its banking, corporate, and financial data, often leading to the discovery of new accounts, intermediaries, or associated individuals.

This process can take longer than victims expect, but it is essential to uncover the complete structure of transactions and identify those responsible for the fraud. Our team continues to monitor developments and will inform you promptly of any progress.

Kind regards,
Attorney Zoran Miljaković