Cheating on 370 million: in Sochi the developer has received 7 years of prison

In Sochi the developer has received 7 years in prison for defrauding shareholders to 369 million rubles. The district court passed the verdict on the case about swindle in especially large size, the “Vesti Sochi”.

According to the UK, 66-year-old from Rostov, being the head of the construction company, offered 140 a resident of Kuban and other regions to become participants of shared construction of residential houses in Sochi, after which the victims donated money to him. The attacker promised to build four high-rise buildings, however, are constantly transferred terms of input of objects in operation for several years.

the Damage amounted to more than 369 million rubles. SK brought criminal case under article “Fraud”. The defendant was sentenced to seven years in a General regime colony. Verdict in force has not entered, reports the press service of the MIA of Russia in the region.

Text: state television and radio company “Vesti Sochi”