Two members of financial OCG convicted for embezzling $1mln from Kirov residents
They would sell bills of financial organizations, promising high interest.
The Kirov Regional Court has dismissed the appeal and upheld the verdict for Kazan residents Rustem Kasimov and Ekaterina Nizamova, charged with part 4 of Art. 159 of the Russian Criminal Code (Swindling committed by an organized group on an especially large scale).
The OCG members had been convicted of fraud on an especially large scale and sentenced to 7 and 4.5 years in prison (Kasimov sentenced to high security prison, while Nizamova to general regime prison), as well as fines of 500 and 300 thousand rubles, respectively.
As the court found, the convicts had embezzled money from more than 140 residents of the region. The total amount of stolen funds is over 58 million rubles.
The defendants acted on behalf of Zayomnye Dengi LLC, Mikrofinansovaya organizatsiya Kapital-Rezerv LLC, Mobiletrade Group LLC, and Fortuna LLC as part of an OCG in the period from May 2013 to July 25, 2014. Charging money from the population under the guise of selling bills of financial institutions, they promised high interest.
The stolen funds were transferred to Kazan to the accounts of fly-by-night companies, and then cashed out.
In early November 2017, Basmanny Court of Moscow has satisfied the motion brought by the Main Investigations Directorate in the City of Moscow of the Investigative Committee of the Russian Federation (ICR) and remanded Aleksander Shukyurov, Director of the Capital Renovation Directorate State Budgetary Institution of Moscow, in custody. The head of the institution subordinate to the Department of Capital Renovation of the City of Moscow that had acted as the client in tenders worth dozens of billions of rubles is suspected of swindling on an especially large scale.