Russian Crypto Ponzi Firm Finiko’ Key Member Arrested in UAE
Sabirov had been added to a worldwide wanted list in November.
Marat Sabirov, one more of Finiko’s prominent representatives, is still at large.
A key figure in the organization of Russia’s greatest financial pyramid in recent years, Finiko, has been arrested in the United Arab Emirates. After the arrest of Zygmunt Zygmuntovich. The other co-founder of the Ponzi scam, last month, news of Edward Sabirov’s incarceration in an Arab nation comes as a surprise. Both are suspected of having played significant roles in the scam that resulted in the theft of millions of dollars.
The Russian Prosecutor General’s Office confirmed to RIA Novosti on November 12 that Sabirov had been added to a worldwide wanted list. On November 30th, his detention was reported by the United Arab Emirates’ National Bureau of Interpol.
Russia’s Ministry of Justice has already been notified of Russian plans to pursue his extradition. And Russia’s National Central Bureau of Interpol has petitioned UAE authorities for a 60-day detention.
Marat Sabirov, one more of Finiko’s prominent representatives, is still at large. The Sabirovs, according to investigators, were intimately connected to the crypto pyramid’s upper echelons as friends of jailed crypto kingpin Kirill Doronin (since July 2021). They, along with Zygmuntovich, fled Russia just before the plot was exposed.
The headquarters of Finiko, a company that was never incorporated, was in Kazan. It is the capital of the Russian Republic of Tatarstan. A virtual platform was advertised, with profits of up to 5 percent per day promised to investors. This company has subsidiaries in over 70 additional Russian areas. At the beginning of the year. The Russian Ministry of Internal Affairs reported receiving over 10,000 petitions from victims alleging damages in excess of 5 billion rubles (near to $80 million).
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Filed under: Bitcoin - @ December 12, 2022 9:14 am