The Russian police are continuing their investigation into a crypto-based Ponzi scheme that has cost investors a potential total of $95 million.
Back in July, around 100 investors sent statements to the police reporting the financial organization Finiko. These statements confirmed financial damages totaling at millions of rubles. However, further reports stipulated that the amount could be as much as 7 billion rubles. Equating to around $95 million at time of press.
Police are currently seeking out three of the Finiko co-founders, who remain at large. The whereabouts of Zygmunt Zygmuntovich and Edward and Marat Sabirov are currently unknown. Russian officials put the men on a wanted list on August 11.
Meanwhile, the police detained their fellow co-founder, Kirill Doronin on July 30. Reports indicate that he was charged with fraud “on an especially large scale”, pursuant to part 4 of article 159 of the Criminal Code of the…