UAE Extradites Finiko Pyramid Scheme Co-Founder to Russia
Dubai authorities have deported a key figure behind the Finiko Ponzi scheme to Russian custody, marking a significant development in the cross-border investigation. The individual, whose identity remains undisclosed, was transferred to Russia's Interpol unit at Dubai International Airport.
Finiko collapsed in 2021 after defrauding thousands of investors across post-Soviet states and globally. The crypto investment scam reportedly extracted hundreds of millions through fake yield promises before its inevitable implosion.
Russian Interior Ministry spokesperson Irina Volk confirmed the handover but declined to specify whether formal extradition proceedings occurred. The suspect faces charges of establishing a criminal organization and large-scale fraud - offenses carrying potential 10-year sentences under Russian law.
