Ponzi Schemes | ForkLog

ForkLog 8 11.10.2021

Russian civil-society groups tally average losses from the Finiko pyramid

Two hundred Russians harmed by the Finiko financial pyramid turned to the Federal Public Fund for the Protection of Depositors’ and Shareholders’ Rights.

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ForkLog 13 06.10.2021

Russia’s central bank blacklists a pyramid scheme targeting Chia miners

On 5 October, the Bank of Russia identified signs of illegal activity in the financial market among 63 companies. Among them were several financial pyramid schemes promising profits from investments in cryptocurrencies.

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ForkLog 8 01.10.2021

Statements from Finiko pyramid victims in Zabaykalsky Krai forwarded to Kazan

All statements from victims of the Finiko financial pyramid, submitted to the Russian MVD for the Zabaykalsky Krai, are being redirected to Kazan, where the company's main office was located.

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ForkLog 16 26.09.2021

Report: Finiko Ponzi scheme attracted more than $2 billion

The Finiko financial pyramid raised more than $2 billion in bitcoin and ERC-20 tokens from its investors. Meanwhile, the founders held at least $500 million.

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ForkLog 9 24.09.2021

Court in Kazan extends arrest of Finiko’s vice president Ilgiz Shakirov

The Vakhitovsky District Court of Kazan extended the arrest of Finiko's vice president Ilgiz Shakirov until November 28.

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ForkLog 13 23.09.2021

Court extends pre-trial detention for Finiko pyramid founder Kirill Doronin

As of now, the Kazan’s Vakhov?vsky District Court extended the detention of Finiko founder Kirill Doronin by two months, until November 28.

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ForkLog 16 22.09.2021

Russia’s central bank blacklists several ‘cryptocurrency’ firms

The Bank of Russia identified signs of illicit activity on the financial market among 105 companies, including several cryptocurrency projects.

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ForkLog 11 17.09.2021

Founders of the Finiko pyramid could not appeal their arrest

The Supreme Court of Tatarstan, in absentia, ordered the three Finiko co-founders—Zygmunt Zygmuntovich, Marat and Edward Sabirov—to be held in custody.

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ForkLog 6 13.09.2021

Official damages in Finiko pyramid case exceed 1 billion rubles

The damages claimed by victims in the Finiko case have tripled and surpassed 1 billion rubles.

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ForkLog 16 10.09.2021

US-based founder of $30 million cryptocurrency fraud scheme pleads guilty

An Ohio resident, Michael Ackerman, who led Q3 Trading Club, pleaded guilty to cryptocurrency fraud totaling $30 million.

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ForkLog 4 08.09.2021

Media: Two more Finiko pyramid leaders detained in Kazan

Kazan police detained two privileged participants in the Finiko financial pyramid — Liliya Nurieva and Dina Gabdullina.

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ForkLog 14 08.09.2021

Taiwan police arrest 14 suspects over $5.4 million cryptocurrency fraud

In Taiwan, 14 people were arrested on charges of money laundering, deceiving investors and cryptocurrency fraud totaling $5.4 million.

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