Co-founder of Finiko detained in the UAE

The co-founder of the financial pyramid Finiko, Zygmunt Zygmuntovich, was detained in the United Arab Emirates on 6 September. The report by the publication «Бизнес Online» cites data from the UAE’s Interpol National Central Bureau.

The information was also confirmed by the Russian General Prosecutor’s Office. The agency has already sent a request for Zygmuntovich’s extradition.

He is accused of fraud and participation in a criminal organization.

As previously reported, a criminal case has been opened against Finiko for мошенничества в особо крупном размере.

The founder of the pyramid Kirill Doronin has been under arrest since the end of July 2021.

The remaining co-founders Edward and Marat Sabirov, who remain at large, have been placed on an international wanted list and arrested in absentia. The total number of defendants in the Finiko case has reached 22.

The aggregate losses from the pyramid’s activities, according to independent estimates, exceed $4 billion. The number of those affected is at least 850,000 people.

Earlier, Kirill Doronin, as part of a deal with investigators, testified against 44 accomplices. He did not admit guilt and denied misappropriation of funds.

For more on the Finiko founders’ exit scam, read ForkLog.

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