More than 100 Finiko depositors file complaints with police in Tatarstan

More than 100 complaints filed by depositors of the financial pyramid ‘Finiko’. This was reported by RIA Novosti, citing Ruslan Davletlyarov, head of the Department of Economic Security and Anti-Corruption at the regional Ministry of Internal Affairs.

“Nationwide, more than a thousand complaints have been filed,” Davletlyarov said, noting that the actual number of pyramid depositors is much higher.

The largest loss among the complainants amounts to 8 million rubles.

“We have been monitoring this organization since it began operating. The Ministry of Internal Affairs has criteria for suspicious organizations: inflated interest yields, aggressive advertising, and several others. The company operated without a forex dealer licence and was not registered in state registries or tax authorities,” said Ruslan Davletlyarov.

He added that, as a result of the investigation, accountability will extend not only to the organizers of Finiko but also to its participants who actively recruited into the pyramid.

Earlier, ForkLog reported that the founders of Finiko were suspected of an exit scam.

Founders of the Finiko pyramid have been suspected of an exit scam

On 13 July the Finiko pyramid announced a suspension of payments and requested documents from clients confirming the origin of the invested funds.

According to media reports, Finiko founder Kirill Doronin acquired Turkish citizenship and bought real estate in Thailand. His whereabouts are currently unknown.

Subsequently Doronin said that he lost access to user accounts, and his partners stopped replying.

In a subsequent video message, the co-founders said that as early as July they transferred all the pyramid’s depositors’ money to Doronin himself at his request, when he was allegedly seized in Turkey.

Earlier, in December 2020 the Prosecutor’s Office of Tatarstan opened a criminal case against Finiko employees on suspicion of illicit attraction of at least 80 million rubles. The investigation has also begun in the Kazakh city of Almaty.

The real losses from the pyramid’s activities, according to independent experts, exceed $4 billion, and the number of those affected stands at no fewer than 850,000 people.

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