3Key and Lyra Newsletter No. 82

Dear Clients,

As you have been informed, we are handling the 3Key Lyra case within the Jubilee Group, along with the Jubilee Ace, Jenco, and GTR cases. Our investigations have revealed significant connections between these cases. Given that the Jubilee Group case started earlier and is currently in an advanced stage of investigation, linking the 3Key Lyra case to it would be highly beneficial.

As we await developments in the Jubilee Group case, we will provide you with a brief overview of how a criminal investigation works and what challenges do the law enforcement agencies face.

Jurisdictional Challenges: Fraudulent schemes often span multiple countries, making it difficult to determine the appropriate jurisdiction. Investigations typically involve collaboration between international agencies like Interpol, Europol, and local authorities. Our law office has submitted criminal complaints in different local jurisdictions and forwarded it to Europol. This should speed up the whole process and help the law enforcement establish necessary links and use the evidence that we have provided as an excellent starting point.

Tracing Digital Assets: Cryptocurrencies offer a layer of anonymity, but they are not untraceable. Law enforcement uses blockchain analysis tools to follow the flow of funds. Identifying wallets and exchanges is critical to linking transactions to suspects.

Data Collection: Gathering evidence is crucial. This involves subpoenas, search warrants, and coordination with financial institutions. Digital evidence from mobile devices, computers, and blockchain records is also essential. So far in the Jubilee Group case law enforcement agencies are conducting interviews with the victims, our clients, across Europe. We have helped our clients prepare for these interviews to ensure they provide the police with the important information required for the case. This is a very important step which ensures that the criminal complaints we have submitted are being acted upon.

Cross-Border Cooperation: Countries often need to exchange evidence through treaties or mutual legal assistance agreements (MLAAs). The complexity of this process can slow down investigations but is critical for building a case. Once evidence is gathered, authorities work to prosecute the fraudsters.

Zoran Miljakovic

Attorney at Law