A high-ranking representative of Russia’s notorious Finiko Ponzi scheme has been arrested in Tatarstan. Ilgiz Shakirov, a businessman from Kazan, rose to the rank of vice president of the crypto pyramid which is believed to have defrauded millions of investors in the Russian Federation and surrounding regions.
Kazan Police Detain Finiko Vice President
Police in the Russian republic of Tatarstan have detained Ilgiz Shakirov, a businessman from the capital city Kazan, for his suspected involvement in the fraudulent theft of funds in the Finiko case, Realnoe Vremya reported. The local news outlet quotes undisclosed sources familiar with the investigation.
Shakirov has allegedly attracted 100,000 people to the Ponzi scheme which is one of the largest financial scams in Russia’s modern history. For his achievements, the Tatarstan native was granted the status of vice president of the cryptocurrency pyramid.
Ilgiz Shakirov. Source: Realnoe Vremya
According to a recent report by blockchain forensics firm Chainalysis, Finiko received over $1.5 billion