$12 million stolen directly from 16,000 online users by closing business

A well reputable lecturer of the Eastern Europe banking university - Banku

Augstskola or BA School of Business and Finance Raitis Kaucis after being

fed up with his low professors salary used his own sisters and childhood

friends to flush over 12 millions of directly stolen customers funds by

switching of the website.

Kaucis Family Team consisting of his childhood friend Dmitrijs Sekundo and

Edgars Augstkalns together with his sister formed a team for other scam -

gagapay.network using funds from money stolen from the first scam -



Raitis Kaucis | raitis@kaucis.com

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