Finiko Cryptocurrency Scam
The founder of Finiko, a notorious cryptocurrency scam hailed as Russia’s largest pyramid scheme, has been deported by the United Arab Emirates, according to Russian law enforcement sources. This fraudulent scheme, which began in 2018, has swindled countless investors both in the post-Soviet region and beyond, accumulating alleged losses reaching up to $95 million.
Details of the Deportation
Specific details regarding the individual deported and the nature of their extradition from the UAE remain undisclosed, as investigations into the fraud are ongoing. Irina Volk, the spokesperson for the Russian Ministry of Internal Affairs, confirmed that an individual suspected of orchestrating significant fraud and leading a criminal enterprise was transferred to Russian authorities at Dubai Airport.
International Law Enforcement Involvement
The handover by UAE officials involved Russia’s National Central Bureau, which functions as the country’s Interpol representative in international law enforcement matters. Notably, in 2022, Edvard Sabirov, the alleged ringleader of Finiko, was arrested in the UAE, although many of his accomplices reportedly continue to evade capture.
