Varna prosecutors charge four men with investment fraud and money laundering

The Varna District Prosecutor's Office has charged four men for conducting an investment fraud and money laundering scheme that targeted European Union citizens. The illegal activity, which operated through call centers located in Varna, Sofia, and Burgas, took place between January 2025 and October 2026.

Investigators have uncovered more than 200 bank transfers to accounts held by proxy individuals. Preliminary data suggests the scheme generated approximately 600,000 euros, though the final amount is still being determined.

Two of the suspects, aged 29 and 34, have been detained for 72 hours, with prosecutors expected to request formal pre-trial detention. The other two suspects, aged 24 and 30, have been released under financial guarantees of 4,000 and 5,000 euros, respectively. Law enforcement conducted 24 searches across Varna, Sofia, and Burgas, seizing mobile phones, computers, bank documents, and cash.