Tuesday, November 3, 2026Moscow
Incidents

In St. Petersburg, the head of the construction company was convicted for deceiving 79 customers

The Vyborg district court announced the verdict to the head and founder of the construction companies Letwood and Letwood-M Pavel Fedorov, who stole more than 310 million rubles from customers. He will spend the next 5.5 years in a general regime colony, the joint press service of St. Petersburg courts reported.

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In St. Petersburg, the head of the construction company was convicted for deceiving 79 customers

The Vyborg district court announced the verdict to the head and founder of the construction companies Letwood and Letwood-M Pavel Fedorov, who stole more than 310 million rubles from customers. He will spend the next 5.5 years in a general regime colony, the joint press service of St. Petersburg courts reported.

According to the investigation, the fraudulent scheme worked for more than three years - from 2021 to 2024 in St. Petersburg, Leningrad region, Moscow and the Moscow region. The man launched an advertisement in the media about the sale of modular frame houses. People willingly contributed money, but the head of companies did not initially intend to build suburban housing. The total amount of damage exceeded 310.8 million rubles.

In court, the developer fully admitted his guilt. In addition to the real term of 5 years and 6 months, the court for two years barred him from directing the construction of private houses and attracting money from citizens.

Source: Московский комсомолец ↗

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