Phoenix founder Doronin offers to testify against 44 associates in crypto pyramid – Bitcoin News

Kirill Doronin, mastermind of the Russian cryptocurrency scheme Finico, has offered to testify against dozens of his former associates, claiming he violated orders to accept only cryptocurrency from investors. The founder of Russia’s largest financial pyramid in modern times has already provided detailed evidence against a long list of collaborators, a media report has revealed.

Kirill Doronin is ready to reveal his closest Finico associates

The man behind the cryptocurrency pyramid Finico has offered to cooperate with Russian authorities in a possible attempt to limit the response for himself. Kirill Doronin, an Instagram influencer linked to other scams in the past, now wants to testify against 44 of his subordinates, who he claims have “gone against the orders” of Finico, taking cash from victims, which he insists he never approved. . .

Doronin was detained this summer after the register scheme collapsed, and has since moved from the Russian republic of Tatarstan to the capital, Moscow, where the Federal Ministry of Internal Affairs (MVD) has been tasked with investigating Finico due to the size of the fraud. Three months after his arrest, the mastermind of the “automated profit generation system” continues to deny any responsibility and blames his partners and associates for its downfall.

An article published by the Russian “Business Online” portal, quoting law enforcement sources, revealed that Doronin had recently offered to provide open information about his associates. “I am prepared to give publisher testimony about the participants of the Finico company who illegally collected fiat money (Russian rubles and US dollars),” said Gregory Antonov, chief investigator in the Phantom Entity case. .

During an interrogation on November 18, which lasted for several hours at the end, Kirill Doronin gave a list of 44 MVD officials, about 10% of Phoenix’s “stars” or pyramid influencers, whose job it was to entice investors. “As for each of the individuals above, I am prepared to provide both guilt testimony and additional evidence to confirm the legitimacy of these individuals’ actions,” Dronin wrote in the document, adding:

I have always been adamantly against attracting Fiat funds and have always (during meetings) talked about banning Fiat, only cryptocurrency transactions.

“Business Online” notes that Doronin’s defense is clearly trying to convince investigators, and at some point in the future, to convince the court that the founder of Finico instructed his employees to accept only cryptocurrencies. But this could prove problematic for him because the crypto deal is not legal in Russia and also because the members of the register scheme offered investors, most of whom do not have digital currency, the option to convert their fiat funds into crypto assets.

According to a report by blockchain forensic firm Chanellysis, the scam actually involved a significant amount of cryptocurrency, including ,000 1.5 billion worth of bitcoin in 800,000 separate deposits made between December 2019 and August 2021. Its victims are citizens of the Russian Federation, neighboring Ukraine. And other ex-Soviet countries, several EU member states and the United States

Of the 44 names on the blacklist, prepared and signed by Doronin, many are among the already familiar faces of Finico. These include his two vice presidents, Ilgis Shakirov and Dina Gabdulina, as well as Lilia Nuriyeva, who has been promoted to the so-called “10th star” post, who were arrested and later transferred to Moscow.

Doronin has become a father, wants a house arrest

Kirill Doronin’s lawyers hope that in return for their cooperation in the investigation, the authorities will agree to transfer his detainee to house arrest, especially in light of his recent fatherhood. This is unlikely to happen, although Finico Mastermind still refuses to admit personal offenses.

What’s more, his testimony does not identify those who “technically” designed the fraudulent scheme, assisted the transfer of funds abroad, and most importantly, the criminals and potential officials who protected Finico, allowing it to grow out of a regional scandal. Levels of the infamous MMM pyramid from the 1990s.

At the same time, the report notes, the Russian people are still waiting to hear the answer to the key question: where is the money? In early November, the report quoted Russian YouTuber Andrei Alistarov as alleging that 750 BTC, valued at about $ 48 million at the time, had been taken from a wallet associated with Finico. Alistrov believes the transactions were ordered by three of his high-ranking members, close associates of Doronin, who were able to leave the Russian Federation and avoid detention.

In September, a Tatarstan high court upheld international arrest warrants for Zigmunt Zigmuntovich and Marat and Edward Sabirov. According to another article in Business Online, the fugitives fled to the United Arab Emirates via Belarus. Some sources, however, claim that Zigmuntovich, considered Doronin’s right-hand man, is hiding in Georgia’s Russia-backed breakaway republic of Abkhazia, while another source is quoted as saying that the three Finico co-founders are now in Turkey.

Tags in this story

Collaborator, arrest, collaborator, co-founder, crypto pyramid, detainee, doronin, financial pyramid, finico, founder, founder, house arrest, instigator, investigator, investor, kiril doronin, mastermind, member, mmmm, register scheme, pyramid scheme , Russian, Tatarstan, Testimony, Victim

Do you think the Russian authorities will be able to recover the funds of the defrauded investors and bring the responsible Finico members to justice? Tell us in the comments section below.

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