The Russian police have placed three co-founders of Finiko a financial organization that reportedly scammed over 100 investors in July on a wanted list.
Approximately 100 investors reported the financial organization Finiko to the police in July. These declarations revealed financial losses in the millions of rubles.
According to some estimates, the amount might be as high as 7 billion rubles. At the time of publication, this amounted to about $95 million.
Three of the Finiko co-founders are still on the loose, according to police. Zygmunt Zygmuntovich, Edward and Marat Sabirov’s location are presently unknown. On August 11, Russian officials placed the men on a wanted list.
Meanwhile, on July 30, their fellow co-founder, Kirill Doronin, was detained by the authorities. According to reports, he was charged with fraud “on an unusually enormous scale” under section 4 of Article 159 of the Russian Federation’s Criminal Code.
Prior to his detention, Doronin had secured Turkish citizenship under the guise of starting a commercial company in Turkey, according to the court.
Doronin was imprisoned until the end of September, according to the inquiry and prosecution. Meanwhile, the defence urged home arrest as an alternative, citing Doronin’s wife’s pregnancy and the impending birth of their child.
Finiko’s complaint was first filed in December of 2020. In early July, the Bank of Russia added the organization to its list of entities that displayed characteristics of a Ponzi scheme.
According to recent rumours, a Russian financial watchdog body has started work on a new bitcoin tracking tool. A tool aimed at combating cryptocurrency-related criminality in the country.
It will go after crypto wallets suspected of being linked to unlawful conduct or terrorism financing. The software will also keep an eye on the cryptocurrency market to identify people who may have been involved in illicit conduct.
Rosfinmonitoring, the financial watchdog in question, paid a contractor $200,000 to construct the surveillance gadget.
RCO, a major information technology firm, eventually secured the contract. They will be in charge of “Implementation of work on the establishment of a module for monitoring and analyzing cryptocurrency transactions using bitcoin,” according to reports.
