The investigative division of the Central District Police Department of the Sochi City Department of Internal Affairs has completed the investigation of a criminal case initiated against a 21-year-old local resident on the grounds of crimes under Articles 158 and 159 of the Criminal Code of the Russian Federation.
According to the investigation, the accused in the period from August 2021 to October 2022, under the pretext of additional earnings on currency and cryptocurrency exchanges, convinced citizens to invest money in investments. At the same time, the defendant did not plan to fulfill his obligations to pay interest and return the main deposit amount, and he disposed of the victims money at his own discretion. As a result of the malefactor's illegal activities, 17 citizens suffered material damage totaling over 34 million rubles.
Currently, the materials of the criminal case with the approved indictment have been sent to the court for consideration on the merits. The sanctions of the incriminated articles provide for a maximum penalty of up to ten years imprisonment.
According to the investigation, the accused in the period from August 2021 to October 2022, under the pretext of additional earnings on currency and cryptocurrency exchanges, convinced citizens to invest money in investments. At the same time, the defendant did not plan to fulfill his obligations to pay interest and return the main deposit amount, and he disposed of the victims money at his own discretion. As a result of the malefactor's illegal activities, 17 citizens suffered material damage totaling over 34 million rubles.
Currently, the materials of the criminal case with the approved indictment have been sent to the court for consideration on the merits. The sanctions of the incriminated articles provide for a maximum penalty of up to ten years imprisonment.
