Police Detain 25-Year-Old Foreigner Accused of Running Financial Pyramid Scheme

A 25-year-old foreign national has been detained in Minsk. The man is accused of fraud. According to police, he operated a financial pyramid scheme.

Over the course of two years, the suspect allegedly collected $750,000 from citizens of Belarus, Russia and Georgia living in Minsk. He claimed the money would be used to expand sales of popular electronics. The man promised investors returns with interest but failed to fulfill his obligations.

“He spent the money on plastic surgery for his wife, vacations at expensive resorts, business-class flights, stays in luxury hotels, purchases of jewelry, branded clothing and electronics, as well as visits to entertainment venues and restaurants,” the Interior Ministry said.

A criminal case has been opened on charges of large-scale fraud.

Photo: Interior Ministry
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