October 17 Moscow City Court satisfied a petition from the investigation into the case of the founder of the Finiko financial pyramid, Kirill Doronin, and left him under arrest until January 30, 2024.
Doronin has been in pre-trial detention since the end of July 2021. As part of a plea deal, he testified against 44 accomplices. At the same time, he did not admit his guilt and denied the theft of funds.
A criminal case has been opened against Finiko for fraud on an especially large scale. The total damage from the activities of the pyramid, according to independent estimates, exceeds $4 billion. The number of victims is at least 850,000 people.
On September 6, 2022, Finiko co-founder Zygmunt Zygmuntovich was detained in the UAE, and Edward Sabirov was detained in December. The latter was later released on bail of 1 million dirhams (~$270,000).
Marat Sabirov, who remained at large, was put on the international wanted list and arrested in absentia.
At the end of September 2023, the Russian Federation extradited the alleged co-founder of the pyramid to Kyrgyzstan.
Source: Cryptocurrency
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