The founder of the financial pyramid Finiko revealed his accomplices and called the use of fiat money a mistake – Bits Media

The head of the Finiko fraudulent platform, Kirill Doronin, provided investigators with information about other participants in the fraud.. He considers the acceptance of fiat money one of the reasons for the collapse of the pyramid.

Pyramid organizer Finiko, whose activities are being investigated by the Central apparatus of the Ministry of Internal Affairs, decided to cooperate with the investigation, to mitigate the punishment. He
made an official petition addressed to the investigator of the Investigation Department of the Ministry of Internal Affairs of the Russian Federation Grigory Antonov, who specializes in complex economic crimes, committed by criminal groups, including in relation to shareholders. The petition states, that Kirill Doronin is interested in providing information about his accomplices.

“I am ready to give revealing testimony about the participants of the Finiko company, illegally attracted fiat funds (Russian rubles and US dollars). In relation to each of the above persons, I am ready to provide incriminating evidence, and additional evidence, confirming the illegality of the actions of these persons".

During an hours-long interrogation, the founder of Finiko revealed the names of his accomplices, involved in a criminal scheme. Most of the names and surnames are well-known recruiters, who lured investors into a Ponzi scheme. They forced investors to invest all their money in a fraudulent enterprise. Kirill Doronin said, that he did not give his permission, to have his colleagues accept cash from investors.

“I have always been categorically against attracting fiat funds and have always (at meetings and appointments) talked about banning Fiat, only cryptocurrency transactions".

During his testimony, Doronin announced the name of the former general director of the Kazan hippodrome Sergei Vasilenko. In his words, Vasilenko took an active part in attracting money to the company. The scammers stated that, that their victims were about 450 investors.

In October, the Russian Federal Fund for the Protection of the Rights of Depositors and Shareholders based on appeals 200 victims of the fraudulent scheme, FINIKO calculated the average damage, which amounted to 724 000 rubles.