tatarstan

Another Member of Russian Crypto Pyramid Finiko Arrested in UAE

December 11, 2022 Bitcoin.com

Arrest

Law enforcement authorities in the United Arab Emirates have detained a top Finiko representative, sought for his role in the crypto Ponzi scheme which defrauded thousands of investors around the world. This is the second arrest in the Gulf state of a high-ranking member of the pyramid announced in the past month. Finiko Fraudster Caught […]

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Co-Founder of Russia’s Largest Crypto Pyramid Finiko Arrested in UAE

November 18, 2022 Bitcoin.com

Arrest

One of the founders of Russia’s most notorious Ponzi scheme in recent times, Finiko, is in detention in the United Arab Emirates, according to a Russian media report. The close associate of the crypto pyramid’s mastermind left the Russian Federation as the scam collapsed last summer. UAE Authorities Review Russian Extradition Request for Top Finiko […]

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Lightchain AI Zooms Past Presale Stage 7, Raising $1.1M in 72 Hours

Russian Arrested for Defrauding Buyers of Mining Hardware Worth Over $300,000

September 5, 2022 Bitcoin.com

Arrest

Police in the southern Russian city of Astrakhan have detained a man accused of defrauding people who wanted to purchase crypto miners. Law enforcement officials say the suspect made millions of rubles through fictitious sales of mining devices to Russian citizens and foreigners. Investigators Claim Russian Made Money Selling Nonexistent Crypto Mining Rigs A resident […]

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Lightchain AI Zooms Past Presale Stage 7, Raising $1.1M in 72 Hours

Another 6 Members of Finiko Crypto Pyramid Arrested in Russia

April 23, 2022 Bitcoin.com

arrests

Russian law enforcement authorities have detained six more members and executives of the notorious crypto Ponzi scheme Finiko. Police in the Republic of Tatarstan and Russia proper have conducted dozens of searches as part of an ongoing investigation into the pyramid, which defrauded investors around the world. New Arrests in Finiko Case Made in Russian […]

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Lightchain AI Zooms Past Presale Stage 7, Raising $1.1M in 72 Hours

Crypto Pyramid Busted in Russia, Losses Exceed $10 Million

March 24, 2022 Bitcoin.com

arrests

Russian law enforcement agencies have gone after the organizers of a large crypto pyramid which has been promising extraordinarily high returns. The Ponzi scheme is being unraveled after a similar project defrauded thousands of investors in Russia, the region, and far beyond. Police Find Crypto Pyramid Organizers in Dagestan, Russia Officers from the Federal Security […]

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Finiko Founder Doronin Offers to Testify Against 44 Accomplices at Crypto Pyramid

November 22, 2021 Bitcoin.com

Accomplices

Kirill Doronin, mastermind of the Russian crypto Ponzi scheme Finiko, has proposed to testify against dozens of his former associates he claims violated his order to accept only cryptocurrency from investors. The founder of Russia’s largest financial pyramid in modern times has already provided detailed testimonies against a long list of accomplices, a media report […]

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Finiko Fugitives Suspected of Moving 750 BTC From Crypto Pyramid’s Wallet

November 13, 2021 Bitcoin.com

Bitcoin

A large amount of cryptocurrency has reportedly been withdrawn from a wallet previously controlled by the Finiko Ponzi scheme in Russia. The wallet’s unknown operators have transferred coins worth $48 million this month. The digital currency was split into smaller amounts and deposited to different addresses. 750 BTC Removed From Crypto Pyramid Finiko Wallet A […]

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Court Extends Detention of Finiko Pyramid Founder Doronin and His Right-Hand Man

September 25, 2021 Bitcoin.com

Arrest

A court in Tatarstan has extended the detention of Kirill Doronin, founder of Russia’s largest Ponzi scheme in recent times, Finiko. Doronin will spend at least two more months in custody as authorities fear he could hide from law enforcement. Ilgiz Shakirov, vice-president of the crypto pyramid, remains under detention as well. Finiko Mastermind Doronin […]

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Russian Court Confirms Arrest Warrants for 3 Finiko Founders

September 20, 2021 Bitcoin.com

Abkhazia

Tatarstan’s highest court has rejected appeals against arrest warrants issued for three co-founders of the notorious Finiko crypto pyramid. The top representatives of the Ponzi scheme, accused of large-scale fraud in Russia, are still hiding abroad, media reports reveal. Three Finiko Ponzi Scheme Members Still Wanted The Supreme Court of Tatarstan, a republic of the […]

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Russian Police Arrest 2 Women, High-Ranking Members of Finiko Crypto Pyramid

September 11, 2021 Bitcoin.com

Arrested

Law enforcement in the Russian republic of Tatarstan have made new arrests in connection with the crypto Ponzi scheme Finiko. Two women detained this week are believed to have attracted millions of dollars to the pyramid. The now collapsed Finiko lured investors from a number of countries in the post-Soviet space and around the world, […]

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Lightchain AI Zooms Past Presale Stage 7, Raising $1.1M in 72 Hours