The Kursk regional police are currently on the hunt for individuals who scammed a local resident out of 1,290,000 rubles by posing as cryptocurrency investors.
The victim, a 43-year-old man, fell prey to a standard fraud scheme when he responded to an online advertisement promising huge profits through cryptocurrency trading.
After making an initial investment of 1,000 rubles and seeing a profit in his account, the victim transferred all of his savings and even took out a bank loan and a microfinance loan secured by his car.
However, when he tried to withdraw the money, his account was blocked, leaving him defrauded of a significant amount of money.
The Kursk police have opened a criminal case under Article 159 of the Criminal Code of Russia, and if caught, the perpetrators could face a prison sentence of up to ten years and a fine of up to 1 million rubles.
This incident is just one of many similar cases of cryptocurrency fraud that have been reported recently, including a recent case in which a resident of the Krasnodar Territory lost a staggering 17 million rubles while attempting to sell their cryptocurrency.