Tuesday, April 23, 2013

20,000 Ponzi Schemes Operate in Russia

Senior inspector of the Russian Investigative Committee Georgy Smirnov told Vedomosti daily that currently about 20,000 Ponzi schemes (in Russia known as financial pyramids) operate in the country. Smirnov said it is hard to estimate the number of victims (participants) of the schemes. Currently a bill criminalizing the operation of a financial pyramid is being considered by the State Duma.

http://www.lenta.ru/news/2013/04/23/financepiramid/

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