Kirill Doronin testifies against 44 accomplices in the Finiko pyramid

Kirill Doronin, founder of the Finiko financial pyramid, gave testimony against 44 of his accomplices. The report comes from Business Online.

Doronin said in a motion to the Moscow investigator that he is prepared to testify against his subordinates and affiliated persons.

“I am prepared to give incriminating testimony about the participants of the Finiko company who illegally attracted fiat funds (Russian rubles and US dollars),” the document says.

According to Doronin, the 44 people named by him contravened the tenets of the profit-generation system and accepted cash from investors, which Doronin himself allegedly did not sanction.

“I have always been categorically against attracting fiat funds and have always (at meetings and gatherings) spoken in favor of banning fiat, only cryptocurrency transactions,” he said.

Among Doronin’s list is former general director of the Kazan racetrack, Sergei Vasilenko, who, Doronin says, actively attracted money to the company. Vasilenko himself had previously denied taking part in the pyramid.

The rest of the named individuals were divided into four groups:

• “top leaders” of Finiko, who shared Doronin’s fate;
• new faces among the “stars” of Finiko;
• federal “stars” whom the investigation cannot reach;
• regional “stars”.

The first group includes already detained “vice-presidents” of the pyramid Ilgiz Shakirov, Dina Gabdullina and the “tenth star” Lilia Nurieva.

The second group includes, among others, the “tenth star” Karim Siraev, who calls himself a former deputy of the local self-government in the Tukayevsky District of Tatarstan, a former serviceman, and now an entrepreneur, investor and business coach.

The third group includes the stars who stood at the very top of the pyramid. On investor forums they are described as the “fierce referral leaders.” For example, the “First Vice-President” Andrei Galushchenko, and the most frequently mentioned by victims Tiffany (Anna Serikova). In this same group, the pyramid’s vice-president from Ulan-Ude Baier Sambuev and the top leader from Almaty, Dana Batyrshina.

The largest group — 20 individuals — were the “referral leaders” who operated in separate regions across Russia. Among them are Natalia Kitsarskaya of Rostov-on-Don, Vladimir Bykadrov of Novosibirsk, Oleg Olhovsky of Krasnodar, networkers from Yekaterinburg Vladislav Gritsenko and Viktor Yandolin, previously not named in depositors’ statements, and many others such as Darya Aleshina.

“For each of the above individuals I am prepared to provide both incriminating testimony and additional evidence confirming the illegality of their actions,” Doronin’s motion states.

Lawyers hope that in exchange for such cooperation with the investigation their client could have his pre-trial detention conditions eased — ideally swapped from custody to house arrest.

Nevertheless, sources in the law-enforcement system cited by the publication suggest that the investigation is unlikely to take such a risky step. Moreover, Doronin’s motion contains no admission of guilt, which prevents talking of genuine remorse.

They also added that the list does not include the “technical” organizers who drafted the scheme, the key financiers responsible for moving money abroad, and, most importantly, the “protectors” among criminals and the authorities.

As reported, a criminal case has been opened against Finiko for fraud in a particularly large amount. It is being handled by the Central Office of the Ministry of Internal Affairs together with investigators from the Directorate for the Investigation of Organized Crime.

Co-founders Edward and Marat Sabirov, as well as Zygmunt Zygmuntowicz, have been placed on an international warrant and arrested in absentia. According to investigators, they left Russia via Belarus and may be located in the United Arab Emirates.

Aggregate losses from Finiko’s activities, according to independent estimates, exceed $4 billion. The number of victims is no less than 850,000 people.

Since November 1, unknown individuals have moved the remaining funds on one of Finiko’s wallets totaling 750 BTC.

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