The Ministry of Internal Affairs for the Republic of Tatarstan has issued a search for the co-founders of the Finiko financial pyramid — Edward and Marat Sabirov, and Zygmunt Zygmuntovich. This was reported by TASS, citing a representative of the agency.
“In the Finiko case, active efforts are underway to locate the remaining three suspects who are abroad, and to trace the assets,” the ministry said.
Law enforcement is also engaging with major promoters and office staff of the pyramid. Separate decisions will be taken regarding them.
Earlier, police arrested the founder of Finiko Kirill Doronin, who had obtained Turkish citizenship. He was remanded in custody until September 28.
Overall, the Ministry of Internal Affairs in the Republic of Tatarstan has received about 500 statements from affected depositors. Losses range from 100,000 to 10 million rubles.
As reported, the prosecutor’s office in Tatarstan opened a criminal case in December 2020 against Finiko staff not identified at the time. They are suspected of illegally attracting no less than 80 million rubles.
Investigations have also begun in the Kazakh city of Almaty.
The real damage from the pyramid’s activities, according to independent experts, exceeds $4 billion, and the number of victims is at least 850,000.
On July 13 Finiko announced a suspension of payments and asked clients for documents proving the origin of their funds. Later Doronin said that he had lost access to user accounts, and his partners stopped responding.
In a subsequent video address, the co-founders said that as early as the beginning of July they transferred all the pyramid’s depositors’ funds to Doronin at his request, when he was allegedly captured in Turkey.
For more on the Finiko founders’ exit scam, read ForkLog.
Founders of the Finiko pyramid were suspected of an exit scam
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