COBALT’s client, a foreign-capital company operating in Lithuania, suffered a cyber incident in which fraudsters, by breaching information system security measures and unlawfully accessing them, intercepted the client’s electronic correspondence and, through social engineering techniques, fraudulently misappropriated EUR 350,000.
Based on procedural documents prepared by the COBALT team, a pre-trial investigation was promptly initiated and requests were submitted to competent foreign authorities to suspend transactions involving unlawfully obtained funds. Although the fraudsters attempted to disguise their illegal actions and transfer the misappropriated funds to other accounts held with financial institutions across different jurisdictions, thanks to extensive and diligent efforts, the majority of the funds – EUR 330,000 – were successfully traced, frozen pursuant to applications submitted by COBALT lawyers, and returned to the client.
In this complex international cyber fraud case, the successful representation of the client’s interests spanned the jurisdictions of Lithuania, the Kingdom of Denmark, and the Kingdom of the Netherlands, as well as various law enforcement and financial institutions.
The client’s interests were represented, and procedural documents were prepared by COBALT Partners Mindaugas Bliuvas and Akvilė Bosaitė, together with COBALT Associate Arnas Trukšnys.
