The Head of Financial Pyramid Earned Over $8 Million in Nizhny Novgorod, Russia

176 citizens of Nizhny Novgorod turned to the police.

21.Jul.15 3:54 PM
By Andrey Shulga
Photo Toinnov.com

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The Head of Financial Pyramid Earned Over $8 Million in Nizhny Novgorod, Russia

According to official information provided by investigators, rogues have been continued their illegal financial operations starting from 2013. They registered their own firm “ROST” Ltd. and signed numerous loan agreements with confiding citizens of Nizhny Novgorod, Russia who were promised to get their money back with a huge profit under high interest rate.

The company had several offices located in Nizhny Novgorod. Huge commercial campaign has been launched via local media resources. First customers received their money back together with high profits. However, the company stopped paying funds starting from January 2015. Investors were not able to get their money back.

176 victims of rouges have already turned to the police. But investigators are sure that there are much more people who became victims of this financial pyramid. The total amount of financial damage is over $8 million. Criminal case has already been initiated. Suspects are accused of fraud. The investigation continues.

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