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In Vladimir, the organizer of a scam for 61 million rubles was sentenced KXan 36 Daily News

Date: June 3, 2023 Time: 11:49:53

The man organized and supported the activities of a small “financial pyramid” for six years. He convinced people to give him money, apparently for profitable investments. He paid modest dividends to old investors from new income and lost the rest of the money in raffles, according to the Vladimir region prosecutor’s office.

In 2021, several criminal cases were launched, the police collected convincing evidence in 38 episodes for a total amount of more than 61 million rubles. Thanks to the measures taken by the investigation, some 15 million rubles were returned to the victims, the region’s Ministry of Internal Affairs noted.

The defendant partially admitted his guilt and stated that he suffered from a gambling addiction. He was sentenced to seven years in a penal colony. The verdict has not entered into force.

Hansen Taylor
Hansen Taylor
Hansen Taylor is a full-time editor for ePrimefeed covering sports and movie news.

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