the Bank of Russia is concerned about the increasing number of fraudulent financial Internet pyramid. If in 2018, the Central Bank has identified 18 such pyramids, in 2019 — 55. Such pyramids are also called HIYP projects.
Most of the pyramids was abroad, mostly in Britain, said “the Russian newspaper” in the CBA. Pyramids exist through online marketing and social engineering. Promotion of such projects involved teams that physically can be in any country.
Websites of the pyramids offer to invest in cryptocurrencies and other advanced assets.
the Central Bank has highlighted several differences between an online from the classic pyramid of financial pyramids. First, the Internet of the pyramid have a higher level of anonymity: HIYP-the project is not put on public record, the project has no accountability and does not open a Bank account.
secondly, the Internet-the pyramid is wider “audience”: HIYP project can work anywhere you have Internet access without being tied to a specific location.
third, run HIYP project requires a minimum investment of funds. In the market there are companies offering the creation of such sites under the “key”.
fourth, those pyramids live three to six months: after collecting money, the scammers leave the project and start a new one.
Some financial Internet pyramid stop, not having time to unwind. So, the Central Bank in 2019, tracked 80 companies (sites) that quickly stopped working, unable to cope with attract customers. We are talking about the so-called inert pyramid schemes.
the Activity on attraction of money, in which the income is paid at the expense of other borrowed money in the absence of investment activities prohibited by law.
However, the necessary law that will allow the Central Bank to combat the spread of fraudulent schemes increase blocking rate HYIP-projects, will provide the Bank of Russia the right of direct appeal to Roskomnadzor. Seconopsbefore awaiting a second reading in the state Duma.