NikSam
04-24-2013, 12:57 AM
Investigative Committee concluded that there are about 20 thousand ponzi schemes operating in Russia.
And also explains why current laws are not efficient enough to fight them, because criminal charge of fraud might not be applied
to cash-gifting schemes and pyramids which do not hide the fact that they operate on ponzi rules.
But the new amendments to section 172 of criminal code (illegal banking activity) are in works.
Auto Translation: Lenta.ru: (http://translate.yandex.net/tr-url/ru-en.en/www.lenta.ru/news/2013/04/23/financepiramid/)
Original: Lenta.ru: (http://www.lenta.ru/news/2013/04/23/financepiramid/)
And also explains why current laws are not efficient enough to fight them, because criminal charge of fraud might not be applied
to cash-gifting schemes and pyramids which do not hide the fact that they operate on ponzi rules.
But the new amendments to section 172 of criminal code (illegal banking activity) are in works.
Auto Translation: Lenta.ru: (http://translate.yandex.net/tr-url/ru-en.en/www.lenta.ru/news/2013/04/23/financepiramid/)
Original: Lenta.ru: (http://www.lenta.ru/news/2013/04/23/financepiramid/)