KYIV, Sept 1 – Under the procedural guidance of the prosecutors of the Prosecutor General's Office (PGO), the organizer of the Ponzi scheme and his accomplices were served with charges of fraud with financial resources, as well as money laundering.

"According to the investigation, more than 20 people were involved in the organization of the financial pyramid and more than 100 controlled legal entities were involved. The participants in the criminal scheme collected money from citizens, including using the bank accounts of a charitable organization, with the aim of allegedly investing in a non-financial institution in order to receive excess interest. In the future, they took possession of these funds in a fraudulent way," the PGO press service said in a statement released on Tuesday.