OPERATION INFINITY Serbian prosecution targets $7 billion fraud ring

SARAJEVO, (Patria) - The Serbian Prosecutor's Office for High-Tech Crime on Wednesday launched the second phase of the international "Infinity" operation concerning online financial fraud, with 16 suspects arrested so far for computer fraud offenses, it was announced in Belgrade on Wednesday.

During the first phase of the operation, conducted in January, significant data and evidence were obtained through searches of multiple locations. Analysis of this data established reasonable suspicion that employees of at least two companies had defrauded over 127,000 citizens of other countries in the past few years, with a total amount exceeding seven billion dollars, the High-Tech Crime Prosecutor's Office stated, adding that the sum is still being determined.

Those arrested in the second phase of the operation are accused of defrauding at least 200 foreign nationals so far through fraudulent online financial transactions, totaling over 20 million US dollars.

The operation was initiated with Eurojust, the European Union Agency for Criminal Justice Cooperation, and the command of the Australian Federal Police. The Serbian special prosecutor's office states that 16 locations were searched in Belgrade and across Serbia.