Dresden prosecutors charge two in international counterfeit money fraud scheme

The Dresden Public Prosecutor's Office has filed charges against two individuals—a 38-year-old Serbian national and a 39-year-old woman with Swedish and Bosnian-Herzegovinian citizenship—for suspected professional gang fraud and gang-related counterfeiting.

The suspects are accused of operating an international gang that executed fraudulent ‘RIP deals.’ In these schemes, the suspects allegedly feigned intent to purchase assets to trick victims into handing over property in exchange for counterfeit currency. The 38-year-old is estimated to have caused damages of approximately 1.85 million euros, while the 39-year-old is linked to roughly 780,000 euros in damages, including 240,000 euros lost by two entrepreneurs in Dresden.

Following extensive investigations by the Odelo investigation group of the Dresden Police Directorate, the suspects were apprehended in Germany, Sweden, Belgium, and Italy during an international action day in December 2025. Both individuals are currently in custody, and the Dresden Regional Court must now decide on the commencement of the main proceedings.