'A lot of criminal suits involving United FX — Traders Group have been filed recently upon the numerous applications of the company’s victims,’ acting deputy head of Sverdlovsk Region Department of Internal Affairs Sergey Kupratsevitch said to UrBC.

This Saint-Petersburg-based company, with branches in Moscow, Yekaterinburg, and a number of other cities, dealt in trading operations on Forex foreign exchange market using the money of private investors, who had to bet between $1,000 and $100,000 to get the promised 30% to 200% in terms of annual interest. The company made the market transactions through some intermediaries, including, among others, Bank24.ru.

‘Given the scale of the crime, the number of complaints we got, and the amount of damage done to the investors, all the criminal suits filed against United FX — Traders Group were united into a single criminal proceeding. The inquiry is carried out by the investigative officers from the Departments of Internal Affairs in Ural Federal District and Saint Petersburg,’ Mr. Kupratsevitch said.

According to Mr. Kupratsevitch, the part Bank24.ru had to play in the whole affair will definitely have to be determined.