United Arab Emirates law enforcement agency Finiko top representative sought a role in a crypto Ponzi scheme that defrauded thousands of investors around the world. This is the second Gulf state arrest of a high-ranking pyramid member announced last month.
Finico scammer arrested by Interpol in United Arab Emirates, Russia seeks extradition
Another suspect involved in organizing Russia’s largest financial pyramid in recent years Individual Finiko detained in United Arab Emirates The detention of Edward Savilov in the Arab country follows news last month about the arrest of Ponzi scheme co-founder Zygmunt Zygmuntovich. Both are said to have played key roles in embezzling millions of dollars from scam victims.
Savilov said he was placed on the international wanted list on November 12, the Russian Public Prosecutor’s Office told his RIA Novosti news agency. The United Arab Emirates’ Interpol National Department announced his arrest on November 30. Russia’s Interpol State Central Office has already petitioned UAE authorities for 60 days’ detention, and Russia has indicated its intention to demand his extradition from the country’s Justice Ministry.
Already one of his Finiko prominent representatives, Marat Savilov, is still sought after. Investigators believe that the Savilov family has direct ties to the management of the Crypt-His Pyramid, and founder and mastermind Kirill, who has been incarcerated in a Russian prison since July 2021. He has close ties to Doronin. pointing out that there was The plan had fallen apart.
His Finiko, which was never incorporated as a legal entity, was based in Kazan, the capital of the Russian Republic of Tatarstan. With branches in more than 70 other Russian regions, it facilitates investments in virtual platforms and generates very high returns of up to 5% per day. Earlier this year, the Russian Ministry of Internal Affairs announced that it had received about 10,000 applications from victims claiming losses in excess of 5 billion rubles (nearly $80 million).
However, the actual damage caused by Finiko’s activities is likely much higher. The Ponzi scheme raised money from unsuspecting investors such as Russia, Ukraine and other former Soviet bloc countries, his EU member states such as Germany, Austria and Hungary, and the United States. Many of the victims were asked to transfer cryptocurrency to Finiko’s wallet, and a Chainalysis report found that Pyramid had stolen more than $1.5 billion from him between December 2019 and August 2021. I received Bitcoin.
Doronin, Zygmuntovich, and his wife Savilov, along with more than 20 others of his, have been accused of being involved in a massive fraud. The list includes Lilia Nurieva and Dina Gabdulina, as well as Finiko’s Vice President Ilgiz Shakirov, who was arrested in Tatarstan. Finiko’s executive director Anna Serikova, better known by her pseudonym Tiffany, was also detained.
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