The police stopped the activities of a financial pyramid scheme in St. Petersburg

In St. Petersburg, law enforcement officers stopped the activities of a financial pyramid scheme, at least 200 Russians lost about 600 million rubles. This was announced on October 9 by the official representative of the Ministry of Internal Affairs Irina Volk.

According to preliminary information, a local businessman became the organizer of the scheme. His sister and nephew were also involved in the family business. They attracted citizens' funds under the guise of loans, and acted through a controlled company that was officially engaged in installation work.

According to Volk, in return, the Russians were promised high returns of up to 25% per annum. However, the attackers spent the received funds at their discretion. During the searches, law enforcement officers seized phones, computer equipment, electronic media and seals of fictitious organizations from the defendants.

"An investigator from the Gatchinskoye Department of the Ministry of Internal Affairs of Russia has opened a criminal case on the grounds of a crime under Part 4 of Article 159 of the Criminal Code of the Russian Federation. The suspects were detained in accordance with Article 91 of the Criminal Procedure Code of the Russian Federation," follows from the publication in the Telegram channel.

The news is being updated