A developer-swindler who deceived 173 equity holders in the Leningrad region received six years in prison

Global Look Press |  Nikolay Gyngazov
Global Look Press | Nikolay Gyngazov

The swindler answered in court for fraud with real estate in the Leningrad region and received six years in a general regime colony. The fraudster introduced himself as a developer and stole more than 500 million rubles from 173 potential equity holders.

Everything happened in the Vsevolozhsk region. The defendant, being the sole founder of an alleged construction company, ingratiated himself with the locals and convinced them that he was going to build cottages on the land he had acquired. 173 gullible equity holders fell into the bait of a swindler, who transferred more than 500 million rubles to the scammer. Having received the money, he disposed of it at his own discretion and disappeared.

A criminal case was initiated against the citizen under part 4 of article 159 of the Criminal Code of the Russian Federation (“Fraud on an especially large scale”). The evidence collected by the main investigative department of the Investigative Committee of the Russian Federation for St. Petersburg was recognized by the court as sufficient for a 49-year-old swindler to be convicted.


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