Slovak Police Charge Two in Giezi Fraud Scheme, 500+ Victims, €31M Loss

Slovak police have formally accused two individuals of fraud in connection with the 'Giezi' action, alleging they siphoned funds from over 500 victims between 2022 and 2026, causing approximately €31 million in damages. The charges mark a significant escalation in the investigation, though the identities and specific mechanics of the scheme remain undisclosed. This development signals a major law-enforcement action in Slovakia, potentially affecting public trust in financial systems.