BitRiver founder charged in Russia with $12.5 million fraud
Igor Runets, the founder of crypto mining firm BitRiver, has been charged with $12.5 million in fraud in Russia. The charges stem from an unfulfilled equipment supply contract, adding to his existing legal troubles involving tax evasion and the insolvency of his company.
Runets is charged with “large-scale” fraud, according to the news service. Investigators allege he caused damages exceeding 1 billion rubles ($12.5 million) by failing to deliver equipment to Infrastructure of Siberia, a subsidiary of En+, a multibillion-dollar corporation that produces 5% of the world's aluminum and also manages digital, technology and crypto mining infrastructure projects.
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