A Tatarstan court has extended the detention of Kirill Doronin, founder of Russia’s largest recent Ponzi scheme, Finiko. Doronin will remain in custody for at least two more months as authorities fear he may be hiding from law enforcement. Ilgiz Shakirov, vice president of the crypto pyramid, also remains in custody.
Finiko mastermind Doronin refuses house arrest
The Vakhitovsky District Court in Kazan, the capital of the Russian Republic of Tatarstan, has decided to keep the two most prominent figures of the Finiko crypto pyramid in custody. This week the court announced She has extended the prison term for Kirill Doronin, who introduced the Ponzi scheme in December 2018, to November 28. Finiko defrauded hundreds of thousands of investors before collapsing upon arrest in July this year.
Three lawyers representing Finiko’s founder called on the judicial authorities to put Doronin under house arrest and insisted that he take care of his wife, who is pregnant with their third child. However, the court rejected her plea, citing the gravity of the crimes he was accused of and the risk of him hiding from investigators, pressuring witnesses and engaging in other criminal activities. Judges also pointed out that he has a Turkish passport and does not live at his official address.
Quoted From local news agency Realnoe Vremya, Doronin, an Instagram influencer who has been linked to other Ponzi programs in the past, admitted that he was aware of the risks he was taking “as a person living in this country spoke frequently about the ‘Phoenician’ project. “He insisted that analysis of the investigative materials shows that his role” was not dominant in managing the assets “and stated:
I intend to understand what is happening and exactly why I am being accused of embezzlement.
With exceptionally high return promises, Finiko attracted investors from Russia, Ukraine and a number of other countries in the region and beyond, including Kazakhstan, Kyrgyzstan, Hungary, Austria, Germany and the USA. To date, over 3,300 complaints have been filed. In less than two years of its existence, the Ponzi scheme received over $ 1.5 billion worth of bitcoin, according to a report by Chainalysis.
Crypto pyramid ‘Vice President’ Ilgiz Shakirov remains in custody
In addition to Doronin, the authorities in Tatarstan this month arrested the “vice-president” of the crypto pyramid, Ilgiz Shakirov, a businessman from the city of Kazan who rose to the high rank of the phantom entity after allegedly serving 100,000 people for the Ponzi system had attracted. On Wednesday, the Wachitowski District Court extended his detention to the last Sunday in November – the same date as Doronin.
Law enforcement agencies in the Russian Republic also arrested two women, members of the crypto pyramid team. Dina Gabdullina, another “Vice President” and Lilia Nurieva, who has the status of a so-called “10th” in the Finiko hierarchy.
International arrest warrants were issued against three other co-founders, Zygmunt Zygmuntovich and Marat and Edward Sabirov, who managed to leave Russia before the investigation began in late July. According to media reports, the judicial authorities have allowed investigators to take control of 12 Zygmuntovich and Kirill Doronin’s properties.
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