The criminal case was initiated against management of King’s Capital company and pastor of the church called “Embassy of God”. According to police report six persons during 2006-2008 by means of fraud (financial pyramid scheme) gained into possession of the funds of individuals investors. In total, about 618 individuals were recognized to be victims of the above crime. The amount of damages they suffered equals to about UAH 52 millions.
The criminal charges against the management and pastor include formation, management and participation in organized crime group (paragraph 1 of Article 255 of the Criminal Code of Ukraine); fraud in particularly large size (paragraph 4 of Article 190 of the Criminal Code of Ukraine); legalization (money laundering) of the funds obtained by means of crime (Article 209 of the Criminal Code of Ukraine); forgery and use of knowingly forged document (Article 358 of the Criminal Court of Ukraine).
As of today, the case is under the court consideration.
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