The Zamoskvoretsky District Court of Moscow sentenced six creators…

The Zamoskvoretsky District Court of Moscow sentenced six creators of the financial pyramid AFK

Consensus

Six organizers of the financial pyramid AFK 'Nаследие' were sentenced by the Zamoskvoretsky District Court in Moscow.
All six were found guilty of crimes under Part 4 of Article 159 of the Russian Criminal Code (fraud).
Sentences ranged from six to 12 years in general regime colonies.
One defendant received a conditional sentence with a probation period.
A total fine of 4.1 million rubles was imposed on all defendants.
The court ordered the defendants to pay over 38.7 million rubbles in compensation to victims.
Asset freezes were maintained on properties in Moscow Oblast until full payment of fines and compensation.
The fraud targeted over 130 pensioners.
The financial pyramid operated from October 2009 to September 2015.

The founder of the 'Nasledie' pyramid was Rinal Nurislamov, a former city council deputy from Naberezhnye Chelny. — vedomosti
The organizers attracted funds in 13 cities across Russia by offering high returns and issuing pension bonds. — vedomosti
Funds were transferred through sham loan agreements to affiliated companies, which were later intentionally driven into bankruptcy. — vedomosti
The company stopped paying interest and returning money starting in early 2015. — vedomosti
Nearly 100 pensioners in Rostov Oblast invested about 100 million rubles into consumer cooperatives that turned out to be part of the pyramid. — vm
Pensioners in Rostov Oblast had been unable to recover their money for several years and had filed complaints with the Investigative Committee, Ministry of Internal Affairs, and Central Bank. — vm
The Central Bank stated that the cooperatives were not covered by deposit insurance, so recovery required court proceedings. — vm
The court confirmed that the victims were more than 130 pensioners. — interfax
A separate case in Irkutsk was mentioned, where a 47-year-old woman was sentenced for running a pyramid scheme from 2016 to 2019, defrauding over 250 people of about 180 million rubles. — vedomosti