French Woman Detained on Suspicion of Manipulating Verasity Token Prices, Purchased Over €50 Million in Dubai Real Estate

Odaily News: Svetlana A., born in Russia and naturalized as a French citizen in 2017, has been placed under formal investigation and detained by a Paris investigating judge on suspicion of organized fraud, aggravated money laundering, and participation in a criminal organization. The French National Financial Prosecutor's Office (PNF) stated that she and her British partner, Robert H., are suspected of carrying out organized fraud by manipulating the price of Verasity tokens, with the related funds suspected of being used to purchase Dubai real estate.

According to reports, Svetlana A. invested over €50 million in Dubai in 2022 to purchase approximately 100 apartments and 3 luxury villas, with cumulative rental income of at least €4 million between 2022 and 2025. She also purchased an entire building containing 73 apartments for approximately €17.4 million.