The creator of the Finiko financial pyramid was detained in Kazan

In Kazan, police detained Kirill Doronin, an entrepreneur and one of the founders of the Finiko financial pyramid . This was reported by local publications Tatar-inform , Vechernyaya Kazan and RIA Novosti with reference to sources .

The Vakhitovsky District Court of the city soon arrested Doronin until September 28.

The company, according to the description on the website, promised a return on investments of about 20-30% per month through investments in securities and cryptocurrencies; investors had to buy local currency with bitcoins. Finiko also offered to repay the loan or buy the investor an apartment or car for a contribution of 35% of their cost.

According to BUSINESS Online , which cites unnamed sources in the Ministry of Internal Affairs, since its founding in 2019, Finiko has received almost 7 billion rubles from investors; The prosecutor's office of Tatarstan spoke only about 80 million.

On December 1, 2020, Finiko announced the creation of its cryptocurrency FNK , and a week later the economic security department of the Ministry of Internal Affairs for Tatarstan opened a case about organizing a pyramid (Part 2 of Article 172.2 of the Criminal Code) and conducted searches in the Kazan office of Finiko .

In February, the Central Bank added Finiko to its blacklist as an organization with signs of illegal activity, and on June 1 it reported signs of a “financial pyramid” in its work. After this, the company temporarily suspended payments, and then transferred settlements with investors from Bitcoin to its FNK token .

Its cost, as wrote BUSINESS Online , rose sharply and then fell - from $230 to $1.3, after which the company stopped payments again. The publication notes that the founder of Finiko, Doronin, regularly broadcast on Instagram and promised investors to return their money, and in July came for questioning at the Ministry of Internal Affairs of Tatarstan, where he “gave his word that the financial project would not fail.”

The Ministry of Internal Affairs of Tatarstan said that they received more than 100 applications from investors from the republic itself and more than a thousand from all over the country. against Finiko in Kazakhstan. opened In July, a case was also

Updated at 18:48 . Added information about Doronin's arrest.