Fraudsters steal $718,000 worth bitcoins from Armenian in Moscow

YEREVAN, June 29. /ARKA/. Russian law-enforcement authorities have detained a resident of the town of Korolev near Moscow on suspicion of embezzling bitcoins worth over 45 million Russian rubles (about $718 thousand), capost.media reported.

It said a 25-year-old Armenian native who works as an executive director for Business Network LLC, told the police that unknown people had promised to help him sell 103 bitcoins. The Armenian handed them the bitcoins in the premises of a bank.

The investigation was complicated by the fact that the Armenian could not remember the name and the location of the bank, or the fraudsters. After the transfer of the cryptocurrency, the criminals “disappeared from the radar”. The police succeeded in establishing the place where the bitcoins were handed.

A criminal case was instituted under Part 4 of Art. 159 of the Criminal Code of Russia “fraud committed in a particularly large amount.” On suspicion of embezzlement by deception, the 27-year-old director of the Center for Med Groups was detained. A Lublin district court placed him under house arrest. At the moment, an investigation is being conducted to establish all the circumstances of the case, as well as to find possible accomplices in the crime. -0-

spot_img

POPULAR

Armenia Updates Income Declaration Procedures: New Rules, Exemptions, and Deadlines

Armenia has streamlined the process for filing annual personal income tax declarations, expanded the scope of data that is auto-populated, and defined categories of non-taxable income that citizens are not required to include in their declarations.

Central Bank of Armenia warned of a new fraudulent scheme involving forged powers of attorney and certificates

The Central Bank of Armenia is warning citizens about the increasing incidence of fraud using forged documents allegedly issued by the regulator.

Central Bank of Armenia increased the countercyclical capital buffer for banks to 2.25%

The Board of the Central Bank of Armenia has decided to increase the countercyclical capital buffer for banks by 0.25 percentage points, setting it at 2.25% of risk-weighted assets.

Yerevan’s own budget revenues exceed target by 3.6 billion drams over 9 months

As of September 30, 2026, Yerevan’s budget had received 75.7 billion drams in own revenues, surpassing the 72.9 billion drams projected for the January–September period, reported David Hakobyan, acting head of the Revenue Accounting and Collection Department at the Yerevan City Hall.

The “Climate Change and Women” Award Ceremony Took Place at COP17: Idram and IDBank

From climate change mitigation to environmental education and innovative solutions, the "Climate Change and Women" award ceremony united leading women in the field, highlighting their initiatives and contributions to biodiversity conservation.

LATEST NEWS

spot_imgspot_imgspot_img