Эдвард Сабиров, сооснователь пирамиды «Финико», возвращен в Россию для уголовного преследования Translation: Edward Sabirov, co-founder of the Finiko pyramid scheme, extradited to Russia for criminal prosecution.

The UAE has facilitated the extradition of Edward Sabirov, a co-founder of the «Finiko» pyramid scheme, to Russia to face criminal charges. This was reported by the Prosecutor General’s Office.

He is accused under part 1 of Article 210 of the Criminal Code of the Russian Federation (creation of a criminal community), as well as under part 4 of Article 159 (fraud committed by an organized group on a particularly large scale).

«Between September 2018 and July 2021, Sabirov, together with his accomplices, acting as part of a criminal organization, misappropriated funds from investors totaling over 179 million rubles by disseminating false information about guarantees for the return of funds invested in the online project ‘Finiko’ and the possibility of obtaining excessive profit,» the release states.

The accused went into hiding from law enforcement in December 2021 and was subsequently placed on an international wanted list.

Remaining at large are the brother of the extradited individual, Marat Sabirov, and another organizer of the scheme, Zygmunt Zygmuntovich.

«Finiko» operated from 2019 to 2021 in Russia, Kazakhstan, and several other CIS republics. It offered clients opportunities to invest in «high-yield investment schemes» in real estate and cryptocurrencies.

According to independent estimates, the total damage caused by the fraudsters exceeds $4 billion, with at least 850,000 victims affected.

It is worth noting that since 2021, one of the founders of the pyramid, Kirill Doronin, has been in custody.

In May 2024, a Russian court found a privileged participant of «Finiko,» Lilia Nuriyeva, guilty of fraud and participation in a criminal community, sentencing her to 4.5 years in prison.