Major Illegal iGaming Operator Uncovered in Ukraine
Large-Scale Illegal Gambling Scheme
Detectives from the Territorial Department of the Bureau of Economic Security (BEB) in Kyiv have uncovered a large network of illegal online gambling and betting. The organizers used complex methods to mask financial flows, including P2P transfers to bank cards registered under fictitious individuals (dummies). They also used special payment forms on websites to conceal the source of funds.
Use of Cryptocurrency
To bypass financial monitoring, the criminals automatically replenished gaming accounts using cryptocurrency, mainly USD Tether stablecoins. Transactions were conducted through the drop accounts’ bank cards, making them harder to trace.
Scope of the Operation
During searches in Kyiv, Poltava, Kharkiv, and Odesa, the following items were seized:
- Over 100 bank cards;
- 100 mobile phones with banking applications;
- Cash and cryptocurrency;
- Premium-class vehicles (AUDI Q8, BMW X7);
- Reports on illegal activities, and login details for bank accounts.
Consequences for the Organizers
The suspects are charged with organizing an illegal online casino, illegal betting, and money laundering. Under Articles 203-2, part 2, and 209, part 3, of the Criminal Code of Ukraine, they face:
- 8 to 12 years in prison;
- Confiscation of property;
- A ban on holding certain positions or conducting business in this field.
Who is Leading the Investigation?
The pre-trial investigation is being carried out by BEB detectives in Kyiv. The process is being supervised by the Kyiv City Prosecutor’s Office, and the operational support is provided by the Security Service of Ukraine (SBU).