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Roman Novak found murdered after $500m crypto scam

UAE police arrest two Russians after grim end to fugitive couple’s story

Ibrahim Onipede by Ibrahim Onipede
November 7, 2025
in News
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Roman Novak found murdered

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Roman Novak found murdered in UAE after defrauding investors of $500m; kidnapped with his wife Anna before killers, both Russians, were arrested

Roman Novak, the notorious crypto scammer accused of defrauding investors of more than $500 million, has been found murdered alongside his wife in the United Arab Emirates. The couple’s disappearance had puzzled relatives for weeks before police confirmed the grim discovery.

Also read: Canadian police arrest Nigerian man over $600,000 romance scam

According to investigators, Novak and his wife, Anna, had been kidnapped shortly after arriving in the UAE. A substantial ransom was demanded for their release, but when the funds could not be raised, the pair were killed.

Relatives told reporters they had been unable to reach the couple for nearly a month. Novak’s phone reportedly went silent on 4 October, prompting growing fears for their safety.

The UAE authorities have since arrested two Russian nationals believed to be responsible for the killings. Both suspects are now in custody as police work with international agencies to uncover the full circumstances surrounding the abduction and murders.

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Roman Novak rose to infamy in global crypto circles after orchestrating one of the largest digital investment frauds in recent years. Having fled with hundreds of millions in investor funds, he was wanted by several jurisdictions before vanishing from public view earlier this year.

Also read: Nigerian Nationals convicted for orchestrating $560,000 romance scam in the US

The shocking end to Novak’s story marks a dark chapter in the world of cryptocurrency crime — one that serves as a stark reminder of the violent consequences often lurking behind financial deception.

 freelanews.com

Ibrahim Onipede
Ibrahim Onipede

Ibrahim Onipede is a journalist and contributor to Freelanews.com, covering news, public affairs, and human-interest stories.

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