French authorities have opened a formal investigation and placed French national Svetlana A. in custody over allegations tied to organized fraud, aggravated tax-fraud laundering, and participation in a criminal group. Investigators suspect she worked with her husband, Verasity founder Robert H., to manipulate the price of the VRA token as part of a fraud scheme. Authorities are also examining whether proceeds linked to the case were used to buy real estate in Dubai. The report says VRA rose 65-fold over roughly two and a half months in spring 2021 before later crashing. An investigation by Le Monde found that in 2022 alone, Svetlana A. spent more than 50 million euros on about 100 apartments and three villas in Dubai. She denies wrongdoing. The item was cited by Techub News and attributed to Wu Blockchain.
Techub News reported that French national Svetlana A. has been formally placed under investigation and jailed by French judicial authorities on allegations of organized fraud, aggravated tax-fraud laundering, and involvement in a criminal group.
French authorities suspect she and her husband, Verasity founder Robert H., carried out a fraud scheme by manipulating the price of the VRA cryptocurrency. Investigators are also looking into whether proceeds tied to the case were used to purchase real estate in Dubai.
According to the report, VRA surged 65-fold over roughly two and a half months in spring 2021 and then later fell sharply.
An investigation by Le Monde said that in 2022 alone, Svetlana A. spent more than 50 million euros on about 100 apartments and three villas in Dubai. She denies any wrongdoing.
The item cited Wu Blockchain as the source.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
