Svetlana A., a 45-year-old French woman, has been indicted and remanded in custody in Paris on charges of organized fraud, aggravated money laundering, and criminal association. Authorities suspect she financed the purchase of over 100 luxury properties in Dubai, valued at more than 50 million euros, by manipulating the price of the Verasity (VRA) token created by her partner Robert H. Between May and July 2021, VRA surged 6,400% before crashing 99.98%, a pattern characteristic of a pump-and-dump scheme. The national financial prosecutor confirmed her indictment while the national tax crime unit is conducting the investigation.
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