Investigations into Russia-based crypto pyramid Finico on the rise Samara region law enforcement officials have announced that they have launched eight criminal cases against Finico associates. Authorities are also working to identify More victims of the Ponzi scheme, the largest in Russia in recent years.
Members of Finico are under investigation in Samara, Russia
Russia’s Interior Ministry is investigating eight cases of fraud against Finico associates in the Samaritan Oblast region of Tatarstan. There are allegations of misuse of 6 million rubles from investors against members of the Panji scheme who were promised high returns of their money between July 2020 and July 2021, the department announced.
The victims of the crypto scandal in these cases are all residents of Samara, law enforcement officials detailed in a press release quoted by Forklog. Representatives of Finico have agreed to deposit about 83 83,000 worth of funds in the so-called “automated profit-making system” of the project, according to their exchange rate, police officials explained.
The department further noted that the goal of its investigative efforts is now to record all information of illegal activity conducted by the employees of the investment company, a phantom entity. Authorities are trying to identify all the people who were cheated by the broken Finico this summer.
At least 3,300 people from the European Union member states and the United States have so far formally complained about investing in the financial pyramid, along with other former Soviet space countries such as Russia, Ukraine, Kazakhstan and Kyrgyzstan. Their registered losses reached 1 billion rubles (close to $ 14 million) but some estimates say the total could exceed 4 4 billion.
Panji Scheme has received more than 1.5 1.5 billion in bitcoin since December 2018, according to a report by Chinalysis. In a blog post published on September 1, the blockchain forensic company revealed that more than half of the total crypto value was sent to scam addresses The region of Eastern Europe moved to Russia-based Finico during the study.
Authorities in Samara’s neighboring province of Tatarstan have so far detained several high-ranking Finico officials, including Pyramid founder Kirill Doronin, its two vice-presidents Ilgis Shakirov and Dina Gabdulina, as well as Lilia Nuriyeva. Who rose to the position of the so-called “tenth star”.
International arrest warrants have been issued for Dronin’s close associates Zygmunt Zygmuntovich and Marat and Edward Sabirov, who were able to flee Russia before the investigation began in July. This month, Tatarstan’s Supreme Court confirmed their arrest warrants in absentia. Moscow’s Interior Ministry has launched an investigation into allegations of fraud.
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