EGCM Emirate Global Capital Markets Newsletter No. 76

Dear Clients,

We have analyzed the reasons why, in the case of EGCM, government authorities have not provided any information on progress for an extended period:

The general reasons are well-known:

These include the complexity of the technology used by fraudsters, identity concealment, various jurisdictions, a large number of victims, challenges in gathering timely and resource-intensive evidence, non-public availability of user identities in crypto transactions, and the police being burdened with numerous cases, coupled with insufficient technical and specialized equipment in smaller towns. Victims usually file reports in their place of residence, often where there is no specialized prosecution for high-tech crime. In such cases, administrative procedures take considerable time until the case reaches institutions equipped to handle it effectively. At Defendme, we always seek the opportunity to report cases where the police and prosecution have the greatest capacity for efficient resolution.

It is evident that EGCM meets the aforementioned criteria, making it a complex case. From our experience, organized criminal groups often use multiple aliases for deception. When one entity, such as EGCM, is compromised, they register a new one and create a new website. In the Unionsmarkte case, for instance, over 10 different companies were used, each lasting on average from 3 to 6 months. Sometimes, they reactivate an earlier company once a specific fraud scheme is forgotten. Therefore, we monitor arrests of any group to determine if they have utilized the fraudulent trading platform EGCM.

Grandpacifictrade is a scam, a fake trading platform. It was an organized fraud through a call center. The companies Olympus Prime and Asgard from Belgrade provided a semblance of legality. The suspects have been arrested, and criminal proceedings are underway in Belgrade.

We represent victims who responded to an ad for the Grand Pacific Trade platform (www.grandpacifictrade.com), which is no longer accessible. After making an initial deposit via credit card, the victims opened accounts and were contacted by a so-called senior manager from the company. In this criminal case, most victims are from Canada, Australia, Germany, and other EU countries.

Kind regards,
Lawyer Zoran Miljaković

Poštovani klijenti,

Analizirali smo razloge zašto državni organi u slučaju EGCM već duže vreme ne pružaju informacije o napretku:

Opšti razlozi su dobro poznati:

To uključuje složenost tehnologije koju koriste prevaranti, skrivanje identiteta, različite jurisdikcije, veliki broj žrtava, teškoće u prikupljanju dokaza koji su vremenski i resursno zahtevni, nejavnu dostupnost identiteta korisnika u transakcijama kriptovalutama, kao i opterećenost policije velikim brojem slučajeva, uz nedovoljnu tehničku i stručnu opremljenost u manjim mestima. Žrtve obično podnose prijave na mestu svog prebivališta, koje često nema specijalizovano tužilaštvo za visokotehnološki kriminal. U takvim slučajevima, administrativni procesi uzimaju dosta vremena dok predmet ne stigne do institucija koje su sposobne da ga efikasno reše. Mi u Defendme-u uvek tražimo mogućnost da prijavimo slučaj tamo gde policija i tužilaštvo imaju najbolje mogućnosti za efikasno postupanje.

Očigledno je da EGCM ispunjava navedene uslove koji ga čine kompleksnim slučajem. Iz našeg iskustva, organizovane kriminalne grupe često koriste više različitih imena radi prevare. Kada jedna firma, poput EGCM-a, bude kompromitovana, oni registruju novu i stvaraju novi sajt. Na primeru Unionsmarkte, registrovano je više od 10 različitih firmi, pri čemu svaka prosečno traje od 3 do 6 meseci. Ponekad se dešava da ponovo aktiviraju raniju firmu nakon što se zaboravi određena prevara. Zbog toga pratimo svaku grupu koja bude uhapšena kako bismo utvrdili da li su koristili lažnu trgovačku platformu poput EGCM-a.

Grandpacifictrade je prevara, lažna platforma za trgovanje na berzi. Organizovana prevara preko call centra. Firme Olympus Prime i Asgard iz Beograda davale su privid legalnosti. Osumnjičeni su uhapšeni, krivični postupak se vodi u Beogradu.

Zastupamo oštećene koji su se javili na oglas za platformu Grand Pacific Trade (www.grandpacifictrade.com), koja više nije dostupna. Nakon uplate početnog depozita kreditnom karticom, oštećeni su otvorili naloge i kontaktirao ih je navodni viši menadžer iz kompanije. U ovom kriminalnom slučaju, najviše oštećenih je iz Kanade, Australije, Nemačke i drugih država EU.

S poštovanjem,
Advokat Zoran Miljaković