As a seasoned researcher who has delved into countless stories of financial fraud and deception, I must say that the case of Valeria Fedyakina, or “Bitmama,” is one that leaves me both appalled and intrigued.
A well-known Russian social media figure, often referred to as “Crypto’s Queen,” is facing questions over accusations that she swindled investors out of approximately $22 million.
Based on numerous articles in Russian media outlets, the individual known as “Bitmama,” identified as Valeria Fedyakina, stands charged with running a multi-victim pyramid scheme over a mere two-month period.
Four Victims Lost $22 Million
Approximately a year and a half ago, a 24-year-old was taken into custody after extensive probes initiated by multiple investor complaints. According to the news, some of her alleged victims assert they suffered significant financial losses, with one individual claiming she took approximately $74 million from him.
As a crypto investor, I’ve got to admit that recent official probes have thus far revealed cumulative losses exceeding $22 million across diverse cryptocurrencies and traditional currencies, with four major victims bearing the brunt of these losses.
Investigators suggest that Fedyakina falsely presented herself as a skilled cryptocurrency investor, boasting about multiple international offices across cities such as Dubai, Monaco, and Moscow. This deception allowed her to win over potential investors’ trust, who were then persuaded to transfer funds, believing they were investing in profitable cryptocurrency projects.
According to reports, Bitmama allegedly assured investors they’d receive a 1% return on their investments, which she planned to convert into digital currencies. These types of assets have gained popularity in Russia due to the nation’s efforts to find methods to circumvent harsh economic restrictions.
In the suspected plan, victims were led to believe their money would be transferred to Dubai as a way to bypass banking limitations. However, Fedyakina’s manipulations didn’t stop at cryptocurrency; one victim claimed that she tricked him into investing large sums in a fake oil export business, guaranteeing substantial returns in an unrealistically short timeframe.
Fraud Proceeds Allegedly Used to Fund Ukrainian Army
In the process of unraveling, it became clear to law enforcement officials that the influencer was funneling significant resources towards aiding Ukraine’s military actions, claiming her purpose was to counteract Russian hostility.
Nevertheless, even though the accusations are serious, her legal team persists in asserting that she did not intend to mislead anyone. They have consistently refuted the charges of fraud, stating instead that their client is allegedly being targeted by an undisclosed plot within the cryptocurrency sector.
As a dedicated crypto investor who holds deep allegiance towards Russia, I’ve made it clear that should I ever be granted freedom, my unwavering support will extend to the nation’s military causes.
The escalation of her legal issues occurred when she tried to leave Russia for the United Arab Emirates (UAE) not long after her detention, while she was six months pregnant. This event attracted significant media coverage, compelling authorities to grant her a temporary lenient home confinement due to the public interest in the case.
Shortly after delivering at a specialized maternity center, Fedyakina was sent back to custody, allegedly undergoing severe conditions thereafter.
In November, it’s anticipated that authorities will bring official accusations against her, which, if proven guilty, might result in a ten-year prison sentence. Not only has she been implicated in the illegal handling of cryptocurrencies, but she’s also been indicted for masterminding various schemes aimed at defrauding private investors and major corporations.
Read More
- W PREDICTION. W cryptocurrency
- AAVE PREDICTION. AAVE cryptocurrency
- PENDLE PREDICTION. PENDLE cryptocurrency
- FutureNet Co-Founder Roman Ziemian Arrested in Montenegro Over $21M Theft
- ZETA PREDICTION. ZETA cryptocurrency
- AEVO PREDICTION. AEVO cryptocurrency
- COW PREDICTION. COW cryptocurrency
- USD ILS PREDICTION
- BTC EUR PREDICTION. BTC cryptocurrency
- USD JPY PREDICTION
2024-10-27 16:29