Between the years 2017 and 2023, a significant amount of counterfeit goods were imported and sold through an online store registered on the “Telegram” messenger. These counterfeit products were also promoted using various methods, including shipping them in large parcels and separately packaging them to deceive customers. The locations where these counterfeit goods were found were identified and marked on a map by using photographic evidence and coordinates provided by the program.

It has also been reported that individuals were using a range of cryptocurrencies, including those issued by a 27-year-old resident of Yerevan, to purchase these counterfeit goods. This individual is known for selling phones through the “Coinbase” platform under the alias “B….”. The authorities have been provided with information regarding the cryptocurrency accounts registered under other people’s names. The counterfeit goods were ordered through an online store named “B….” and delivered in the form of parcels.

In addition to the significant amount of money obtained through these illegal activities, the circulation, distribution, and transfer of funds to various electronic wallets, bank accounts, and bookmaker companies have been identified. These funds are suspected to be connected to other illegal activities.

Furthermore, based on valuable documents seized during the investigation, a total of 77,761,545 AMD has been identified and confiscated from the accounts of the 27-year-old and his accomplices. The young individual has been charged under Article 393, Part 3, paragraph 2 and Article 296, Part 3, paragraph 3 of the Criminal Code of the Republic of Armenia, which pertain to financial crimes.

The youth has been detained and the pre-trial proceedings have been completed. The materials and evidence related to the criminal prosecution have been sent to the court for confirmation and further action. The investigation into the involvement of other individuals in these illicit financial activities is ongoing.