Swedish authorities have managed to seize a server in Germany that contains records of calls from Kyiv-based fraudsters who are suspected of stealing the life savings of hundreds of elderly victims around the world by convincing them, among others, to invest in fictitious cryptocurrencies, Swedish daily Dagens Nyheter reported. 

The Swedish government is demanding a decisive international response to online scams in the wake of a media investigation into a fraudulent Ukrainian investment company that stole hundreds of thousands of dollars from vulnerable would-be investors.

One January night in Kyiv, a company called Milton Group threw a glitzy New Year’s party for its staff. To the strains of a pop-rock cover band, contortionists and fire-dancers whirled under neon lights as young salespeople revelled in the spoils of a record-breaking year selling investments in cryptocurrencies and stocks.