Cybercrime Southeast Europe Newsletter No. 51
Dear Clients,
In recent weeks, there have been no significant updates regarding ongoing cyber fraud. However, many of you have asked why these investigations and legal proceedings often take longer than expected.
The answer lies in several key factors that complicate the fight against digital fraud:
Limited Resources of Law Enforcement Agencies
Authorities in the region are often overwhelmed with a high volume of cases and lack the necessary technical equipment and capacity to efficiently investigate complex cyber crimes.
Insufficient International Cooperation
Cybercrime is a global issue, and inefficient collaboration between international institutions can significantly hinder the identification and prosecution of perpetrators.
Technical Complexity of Fraud Schemes
Fraudsters use sophisticated techniques to cover their tracks, including cryptocurrencies, shell companies, and offshore servers. This makes evidence collection far more challenging than with traditional financial crimes.
Lengthy Evidence Collection Process
Identifying suspects requires forensic analysis, international legal assistance requests, and coordination with various institutions, which can take months or even years.
Complex Legal Procedures
Different legal frameworks across jurisdictions often cause delays in proceedings. Additionally, lengthy court processes and bureaucratic obstacles further slow down legal actions.
Despite these challenges, our team remains committed to actively pursuing these cases, protecting your rights, and working to accelerate the legal process. We continue to fight for justice and the recovery of unlawfully acquired assets.
Thank you for your trust and patience.
Let me know if you’d like any refinements!
Kind Regards,
Zoran Miljakovic
Attorney at Law
We warn you about another scam – the fake investment platform “Eaconomy”!
Recently, a new scam called “Eaconomy” has emerged in the Balkans, operating as a pyramid scheme. This platform primarily targets young people, promising quick and easy profits through investments and training programs.
How does the scam work?
“Eaconomy” presents itself as an educational platform offering courses and tools for financial market trading. However, its core business model relies on recruiting new members who pay membership fees, while existing members earn commissions for bringing in newcomers. This structure has all the characteristics of a pyramid scheme, which is illegal in many countries.
Key warning signs of a scam:
- Recruitment-focused earnings – The main source of income comes from enrolling new members rather than selling actual products or services.
- Unrealistic profit promises – Potential members are lured with the prospect of a luxurious lifestyle with minimal effort, which is often too good to be true.
- Lack of transparency – Information about the company, its headquarters, and licenses is often vague or unavailable.
How to protect yourself?
- Research before investing – Check the company’s details, read reviews, and look for independent sources of information.
- Be cautious of offers that sound too good to be true – High returns with minimal risk are a common red flag.
- Avoid platforms that require upfront payments for membership or training – Legitimate companies usually do not demand such payments.
If you have been targeted or victimized by this scam, contact us to discuss possible legal actions.
Stay alert and informed to protect yourself and your finances!
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Kind Regards,
Zoran Miljakovic
Attorney at Law