Dear Clients,

Between 2018 and 2022, a group of 17 individuals uncovered so far associated with the Jubilee Group allegedly deceived victims in numerous countries including the European Union, South Korea, Japan, Great Britain, Australia, and the United States. This was accomplished through the creation of websites, delivery of presentations via the Zoom platform, and live presentations worldwide, wherein false claims were made that the purchase of their electronic software, designed to provide financial arbitration services, would result in substantial profits. These claims ultimately proved to be false.

According to Chainalysis, this particular case ranks among the top 20 instances of MLM crypto scams. What distinguishes this case from others is the tendency of the suspects to consistently alter their identity, relocate frequently across different regions, rebrand their companies, modify their financial service offerings, recruit new people, and intensify their marketing strategies.

As an example, the ongoing legal case against FTX in the United States is deemed relatively straightforward legally speaking. The company’s operations are characterized by a single platform and an individual in charge, with known and trackable business practices. This enables the efficient resolution of both civil and criminal proceedings against the responsible parties.

The Jubilee Group case involves a significant number of suspects and numerous companies registered in offshore zones with known issues of legal insecurity and a lack of transparency. Furthermore, the financial transactions are often obscure, and victims are frequently provided with false information. The group has been linked to several exit scams utilizing various modalities.

In view of the aforementioned circumstances, the ongoing criminal proceedings have been prolonged. The investigative phase is critical and fundamental to the criminal proceedings, and thus must be executed thoroughly. A rigorous investigation is essential to establish evidence of the fraudulent activities committed by the suspects, thus enabling their conviction. Our foremost goal is to conduct the investigation in a manner that fully complies with legal requirements and in the most efficient way possible, resulting in a favorable court ruling. As an illustration, a case published on took over two years to investigate, but yielded clear results.

Our belief is that this case will be resolved positively in your favor, regardless of how long it takes.

Zoran Miljakovic

Attorney at Law