Saturday, June 23, 2018

Police arrest criminals for illegal banking in Chelyabinsk region

A criminal group charged with cashing more than $3.15 million has been arrested by police in the Chelyabinsk region.

Denis Borodin and Alexei Kolnogorov allegedly engaged in illegal banking with no special license. They used bank data from fly-by-night firms to which natural persons and legal entities remitted funds. Then they placed the money on bank cards of low-income persons who agreed to have the cards issued to their names for only $16, Itar-Tass reports.

The criminals would then withdraw the money from the cards and return it to the original owners, charging a sum of three to five percent of the sum for their service.

"In all, the turnover on fly-by-night firms' settlement accounts reached over 100 million rubles," the press service of the Chelyabinsk police said, Itar-Tass reports.

Criminal proceedings were opened on charges of illegal banking on a large scale.