Russian former professional ice hockey winger is on the hot bulletin today – no, not with anything useful from his side but with the crypto fraud charges. The man gets arrested for crypto fraud of $700,000 following the claim of the CEO of an IT company.
As per the report which cited court order released on Monday – that states – Musatov is supposed to stay detained for a month. But according to Musatov, all these criminal charges against him were not quite true. He says, it is a result of a misunderstanding – in fact, he claimed that he was ready to present the evidence of not being involved in the fraud case’.
$700,000 Worth Bitcoin Fraud
The alleged Bitcoin scam case was first reported back in 2018 by the IT professional. However, the businessman met Musatov in early 2018, where he revealed his business dealing in the crypto industry.
After a month of meeting, Musatov reportedly offered IT professional 103 Bitcoin for 45 million Rubles which is roughly equivalent to $700,000. As the deal looks pretty good to the businessman, he was agreed to complete the transaction on a specified date.
However, when the man went to meet Musatov with the funds to complete transactions, he found Musatov’s assistant in his office. It is reported that the man handed over the money to Musatov’s assistant who had disappeared without a trace. When businessman contacted Musatov, he said he would resolve the matter, but the victim claimed that he never appeared after that and so as the bitcoin.
From the point of the victim, Musatov had to transfer him bitcoin as per the deal, but Musatov claimed that the case is just the result of a misunderstanding. Musatov’s lawyer refused the fraud charges and said he would not plead guilty to this crypto transaction.
Crypto regulatory environment of Russia remains undefined; a recent report that cites the survey carried out by the Russian Public Opinion Research Center (VCIOM) – states that – the residents of Bitcoin don’t have a solid knowledge of Bitcoin.
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