Head of St. Petersburg construction firm sentenced to 5.5 years for fraud

The Vyborg court of St. Petersburg sentenced Pavel Fedorov, the head and founder of the construction companies Letwood and Letwood-M, to five years and six months in a general regime colony for fraud, the joint press service of the city courts reported.

Fedorov was forbidden to engage in construction business and raise funds for two years after his release. The court also satisfied the civil claims of the victims and recovered from the defendant more than 182.5 million rubles. in compensation for moral damage.

According to the investigation, from June 2021 to October 2024, Fedorov concluded contracts with 79 citizens for the construction of modular frame houses in St. Petersburg, Leningrad region, Moscow and the Moscow region.

Speaking on behalf of his companies and as a sole proprietor, he promised to manufacture, install and transfer houses, but did not intend to fulfill his obligations. The total damage exceeded 311 million rubles.

Advertising services were placed by employees of firms who were unaware of the fraudulent plan. Buyers have been misled as to the availability of the facilities and delivery dates. In the trial, the accused fully admitted guilt.