Tatarstan police to probe ‘cryptocurrency service’ for signs of a financial pyramid

Seven local residents filed a complaint with the Naberezhnye Chelny police alleging fraud by OXI Corporation. Law enforcement began a preliminary inquiry into whether there are signs of a financial pyramid, according to local media.

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On the OXI Corporation site it says that it offers ‘a service that allows exchanging, storing, managing and accumulating such cryptocurrency as Bitcoin, or any other cryptocurrency serviced by the company’.

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In the ‘About the company’ section it is described as ‘an investment corporation comprising a group of promising companies united under the leadership of Gordon Ross to multiply income and growth’.

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According to the residents who filed the police complaint, they were unable to withdraw their invested funds and the promised returns, as their deposits were blocked.

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At the end of last year, at the request of the Tatarstan prosecutor’s office, a criminal case was opened against the company \”Finiko\”, suspected of organizing a financial pyramid amounting to no less than 80 million rubles.

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