Popular social media influencer who showcases her luxury lifestyle via Instagram and on other platforms faces criminal charges after allegedly perpetrating large-scale cryptocurrency fraud.
According to the Russian news agency TASS, Valeria Fedyakina (also known as Bitmama) is being accused of defrauding 4 people, who suffered damages of over 23 million dollars.
According to the Investigative Committee of the Russian Federation which investigated the case, Fedyakina operated as an independent entrepreneur, without registering with the tax authorities.
Fedyakina, under the brand names “Bitmama”, “Bitmama Finance”, is said to be engaged in cryptocurrency transactions without a bank account. She also provided currency exchange services as well as international money transfers.
Fedyakina has been accused of falsely claiming that her investment program guarantees income within the shortest time possible. The four victims, who believed they were investing in the blog, were deceived to give her their money and cryptocurrency.
She had the criminal intention to steal funds and cryptocurrency from an undetermined circle of people under the pretense of investing in Fedyakina’s activities.
Fedyakina, when arrested in the last year, was already pregnant. Fedyakina gave birth in detention.
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The post Social Media Influencer Charged with Running $22,000,000 in Cryptofraud: Report can be updated as new information becomes available.
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