Law Enforcement Seizes Nearly 700 Thousand Hryvnias from TikTok Fraudsters
Ukrainian law enforcement agencies have uncovered fraudsters operating on the TikTok platform and seized nearly 700 thousand hryvnias obtained illegally. The perpetrators created fake quizzes and promised users quick profits for participating in these events.
This is reported by AgroReview
How the Fraud Scheme Worked
The arrested individuals deceived citizens by using TikTok to spread information about supposedly profitable participation in the quiz. According to law enforcement representatives, the fraudsters offered users simple tasks, promising monetary rewards in return. Such tasks included, for example, “liking videos” or participating in fake lotteries. As a result, users lost their money and were also at risk of exposing their personal information.
Seized Funds and Transfer to ARMA
Within the framework of an open criminal proceeding, law enforcement seized funds from the fraudsters amounting to 4 thousand dollars and 532 thousand hryvnias. The total amount currently placed in the deposit account of the National Agency for the Detection and Management of Assets (ARMA) is 698 thousand hryvnias in hryvnia equivalent. These funds were transferred to ARMA based on a decision from the Khmelnytskyi District Court of Khmelnytskyi Oblast.
The funds have been transferred to the management of ARMA based on a ruling from the Khmelnytskyi District Court of Khmelnytskyi Oblast, which will allow them to contribute to the economy and defense capability of the state.
The ARMA deposit portfolio continues to grow due to successful cooperation with law enforcement across the country, contributing to the strengthening of financial stability and defense capability in Ukraine.
Experts warn that the TikTok scheme is not the only one used by fraudsters. They may operate under the guise of well-known brands such as Amazon, YouTube, or banks, tricking people out of their money or personal data.
To avoid becoming a victim of fraud, experts advise not to click on suspicious links and not to share bank card details with strangers. If you receive dubious messages, it is recommended to block the sender and contact the support service of the relevant messenger or social network.