MOSCOW, February 12. /TASS/. The Bank of Russia recorded a 160% increase in the number of fraudulent financial operations in 2024, the Central Bank said on its website.
Among the unlawful operations were more than 5,000 Ponzi schemes, almost 2,000 illegal securities traders and 1,500 loan sharks, the regulator noted.
"The number of illegal operations increased primarily due to the proliferation of online pyramid schemes and fraudulent investment offers. Pseudo-investment schemes have become a growing trend in recent years, with many scammers and fake brokers persuading individuals to invest in cryptocurrency projects and so-called profitable stock purchases," the Central Bank said.
Fraudsters most often attract clients via social media and person-to-person consultations on Telegram channels. Good old-fashioned cold-calling made a comeback as well.
In 2024, 5,510 Ponzi schemes were identified, which was 1.9 times higher than the year before, the Bank of Russia added.