A case has begun in Poltava against the director of the Euphoria travel agency, Mykhailo Tyshchenko, who is accused of embezzling over a million hryvnias of clients' funds. According to the investigation, he spent the money on his own needs, without transferring it to tour operators.
Law enforcement officers established that from November 2017 to August 2018, Tyshchenko embezzled 356 thousand hryvnias, from April 2018 to February 2019 — another 601 thousand hryvnias, and from September 2018 throughout the year — 157 thousand hryvnias. All of these funds belonged to clients who paid for tourist services but did not receive them.
Despite the fact that a pre-trial investigation was opened against him in 2019, Tishchenko continued to receive funds from new clients. In August of the same year, he left for Russia, where he remains to this day. He was put on the international wanted list, and the court in absentia chose a preventive measure in the form of arrest for him.
The court seized Tyshchenko's bank accounts and corporate shares. In May 2025, he was officially notified of the suspicion, and the investigator filed a motion for a special pre-trial investigation.
The case is currently under review on its merits. The victims are seeking compensation for their losses through civil lawsuits, but the prospects for recovering the funds remain uncertain.
