{"id":92050,"date":"2025-12-10T18:54:46","date_gmt":"2025-12-10T15:54:46","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=92050"},"modified":"2025-12-10T18:55:21","modified_gmt":"2025-12-10T15:55:21","slug":"co-founder-of-finiko-pyramid-extradited-from-uae-to-russia","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/co-founder-of-finiko-pyramid-extradited-from-uae-to-russia\/","title":{"rendered":"Co-founder of ‘Finiko’ Pyramid Extradited from UAE to Russia"},"content":{"rendered":"

The UAE has facilitated the extradition of Edward Sabirov, co-founder of the ‘Finiko’ pyramid scheme, to Russia to face criminal charges. This was reported by the Prosecutor General’s Office<\/a>.<\/p>\n

He is accused under Part 1 of Article 210 of the Russian Criminal Code (establishment of a criminal community) and Part 4 of Article 159 (fraud committed by an organized group on a particularly large scale).<\/p>\n

\n

“From September 2018 to July 2021, Sabirov, along with accomplices, acting as part of a criminal community, disseminated knowingly false information about guarantees of return on funds invested in the ‘Finiko’ internet project and the possibility of obtaining super-profits, embezzling over 179 million rubles from investors,” the release states.<\/p>\n<\/blockquote>\n

The accused fled from law enforcement in December 2021, after which he was placed on the international wanted list<\/a>.<\/p>\n

His brother Marat Sabirov and another scheme organizer, Zygmunt Zygmuntovich, remain at large.<\/p>\n

‘Finiko’ operated<\/a> from 2019 to 2021 in Russia, Kazakhstan, and several other CIS countries. It offered clients investments in “high-yield investment schemes” in real estate and cryptocurrencies.<\/p>\n

Independent estimates suggest the total damage from the fraudsters’ activities exceeds $4 billion<\/a>. The number of victims is no less than 850,000 people.<\/p>\n

Since 2021, one of the pyramid’s founders, Kirill Doronin, has been<\/a> in custody.<\/p>\n

In May 2024, a Russian court found guilty<\/a> privileged ‘Finiko’ participant Lilia Nuriyeva of fraud and participation in a criminal community, sentencing her to 4.5 years in prison.<\/p>\n","protected":false},"excerpt":{"rendered":"

The UAE has facilitated the extradition of Edward Sabirov, co-founder of the ‘Finiko’ pyramid scheme, to Russia to face criminal charges.<\/p>\n","protected":false},"author":1,"featured_media":92051,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"UAE extradites 'Finiko' co-founder to Russia for criminal charges.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1557,1163,27,42],"class_list":["post-92050","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-finiko","tag-ponzi-schemes","tag-russia","tag-uae"],"aioseo_notices":[],"amp_enabled":true,"views":"245","promo_type":"1","layout_type":"1","short_excerpt":"UAE extradites 'Finiko' co-founder to Russia for criminal charges.","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/92050","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=92050"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/92050\/revisions"}],"predecessor-version":[{"id":92052,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/92050\/revisions\/92052"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/92051"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=92050"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=92050"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=92050"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}