FSB officers in Dagestan and the local interior ministry have identified suspects behind a financial pyramid that offered investments in digital assets yielding up to 500% per year. As reported by «Ъ».
According to sources, the defendants are representatives of the Yusra Global project.
According to the FSB, the perpetrators organized a fraudulent network in August 2019 and opened offices in Dagestan and other regions of the Russian Federation, as well as in Kazakhstan and Turkey.
They “created the appearance of financial success, artificially inflating the prices of digital assets, and paid dividends using new participants.” The money obtained from victims was distributed among the suspects and used to purchase real estate.
Preliminary losses totalled more than 1 billion rubles.
In January, four Russian nationals suspected of organizing the scheme were arrested and remanded in custody for two months. They face up to ten years in prison and substantial fines.
Earlier in the Moscow region arrested a suspect in the embezzlement of the co-owner of an unnamed cryptocurrency exchange. According to Indefibank CEO Sergey Mendeleev, the case concerns the “red admin” of BTC-e (WEX), Aleksei Bilyuchenko.
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