Kirill Doronin, mastermind of Russian crypto Ponzi scheme Finiko, has offered to testify against dozens of his former associates who he says violated his order to only accept cryptocurrency from investors. The founder of Russia’s largest financial pyramid in modern times has already provided detailed testimony against a long list of accomplices, a press report has revealed.
Kirill Doronin ready to exhibit his closest Finiko associates
The man behind the Finiko cryptocurrency pyramid has offered to cooperate with Russian authorities in a likely attempt to limit the repercussions for himself. Kirill Doronin, an Instagram influencer associated with other scams in the past, now wants to testify against 44 of his subordinates who, as he claims, “went against Finiko’s precepts” by taking trust money from the victims, which he insists he never allowed.
Doronin was arrested as the Ponzi scheme collapsed this summer and has since been moved from the Russian Republic of Tatarstan to the capital Moscow, where the Federal Interior Ministry (MVD) has taken over the Finiko investigation due the extent of the fraud. Three months after his arrest, the brain of the “automatic profit generation system” continues to deny responsibility and blames its collapse on its partners and assistants.
An article published by the Russian portal “Business Online”, citing police sources, reveals that Doronin recently offered to provide information about his accomplices. “I am ready to give a revealing testimony about the participants of the Finiko company who illegally collected fiat money (Russian rubles and US dollars),” said the head of the shadow entity in a petition to the Chief investigator of the case, Grigory Antonov. .
During an interrogation on November 18 that lasted hours, Kirill Doronin handed MVD officials a list of 44 people, around 10% of Finiko’s “stars” or pyramid influencers, whose mission was to attract Investors. “With respect to each of the above persons, I am prepared to provide both incriminating testimony and additional evidence confirming the illegality of the actions of these persons,” Doronin wrote in the document, further stating:
I have always been adamantly against attracting trust funds and I have always (in meetings) talked about banning fiat, only cryptocurrency transactions.
“Business Online” notes that Doronin’s defense is obviously trying to convince investigators, and the court at one point, that Finiko’s founder ordered his employees to only accept cryptocurrency. But this can prove problematic for him, because crypto transactions are not legal in Russia and also because members of the Ponzi scheme had offered investors, the majority of whom did not have digital currency, the possibility of converting their money. trust funds in crypto assets.
According to a report by blockchain forensics firm Chainalysis, the scam indeed received a significant amount of cryptocurrency, over $ 1.5 billion worth of bitcoins in 800,000 separate deposits made between December 2019 and August 2021. Its victims are citizens of the Russian Federation, neighboring Ukraine. and other countries of the former Soviet Union, several EU Member States and the United States
Among the 44 names on the blacklist, prepared and signed by Doronin, are many faces already known to Finiko. These include two of its vice-presidents, Ilgiz Shakirov and Dina Gabdullina, as well as Lilia Nurieva, who rose to the rank of a so-called “10th star”, who were also arrested and then transferred to Moscow.
Doronin becomes a father and requests house arrest
Kirill Doronin’s lawyers hope authorities will agree to turn his detention into house arrest in exchange for his cooperation in the investigation, especially since he recently became a father. However, this is unlikely to happen, as Finiko’s brain still refuses to admit his personal guilt.
Moreover, his testimony does not mention the identity of those who “technically” designed the fraudulent scheme, facilitated the transfer of funds abroad and, above all, the criminals and potentially the officials who protected Finiko, allowing him to go from a regional scam to the level of the famous MMM pyramid of the 1990s.
At the same time, the report points out, the Russian public is still waiting to hear the answer to the main question: where is the money? In early November, reports cited Russian Youtuber Andrey Alistarov as claiming that 750 BTC, worth around $ 48 million at the time, had been removed from a wallet associated with Finiko. Alistarov believes the transactions were ordered by three of his high-ranking members, close to Doronin, who managed to leave the Russian Federation and avoid detention.
In September, a high court in Tatarstan upheld the international arrest warrants for Zygmunt Zygmuntovich and Marat and Edward Sabirov. According to another article in “Business Online”, the fugitives fled to the United Arab Emirates via Belarus. Some sources, however, claim that Zygmuntovich, considered Doronin’s right-hand man, is in hiding in Abkhazia, a Russian-backed breakaway republic of Georgia, while another source has been cited as saying that the three co-founders of Finiko are now in Turkey.
Do you think the Russian authorities will be able to return the funds of the defrauded investors and bring the responsible members of Finiko to justice? Tell us in the comments section below.
Image credits: Shutterstock, Pixabay, Wiki Commons