A French woman identified as Svetlana A., who was born in Russia and became a French citizen in 2017, has been placed under formal investigation and detained by an investigating judge in Paris, according to Odaily. She is suspected of organized fraud, aggravated money laundering, and involvement in a criminal group.
France’s National Financial Prosecutor’s Office said Svetlana A. and her British partner, Robert H., are suspected of carrying out organized fraud by manipulating the price of the Verasity token. The funds tied to the case are suspected of being used to buy property in Dubai.
The report said Svetlana A. spent more than 50 million euros in Dubai in 2022 to acquire about 100 apartments and three luxury villas. From 2022 to 2025, those assets generated at least 4 million euros in rental income. She also bought an entire building containing 73 apartments for about 17.4 million euros, according to the report.
Odaily reported that Svetlana A., a woman born in Russia who became a French citizen in 2017, has been placed under formal investigation and detained by an investigating judge in Paris on suspicion of organized fraud, aggravated money laundering, and participation in a criminal group.
France’s National Financial Prosecutor’s Office said she and her British partner, Robert H., are suspected of carrying out organized fraud by manipulating the price of the Verasity token. The funds linked to the case are suspected of having been used to purchase real estate in Dubai.
According to the report, Svetlana A. spent more than 50 million euros in Dubai in 2022 to buy about 100 apartments and three luxury villas. The properties generated at least 4 million euros in rental income between 2022 and 2025. The report added that she also purchased an entire building containing 73 apartments for about 17.4 million euros.
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