Two Russians convicted in 1.8 mn euro swindle

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Moscow, Nov 1 (IANS/RIA Novosti) A court in Russia’s Kazan city Thursday handed down suspended sentences to two men convicted of defrauding a German national of 1.8 million euros, authorities said.

The two men received three- and four-year suspended sentences for fraudulently offering to sell a large consignment of rapeseed oil on the internet in 2009.

The head of a German company, whose name was not disclosed, responded to the offer, agreeing to buy 1.83 million euros worth of oil.

The German arrived in Kazan where he signed a contract and made a 100 percent advance payment. However, the oil was never delivered.

The fraudsters managed to withdraw the entire sum from an ATM before disappearing.

–IANS/RIA Novosti

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