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FIASCO OF FINIKO: FINANCIAL PYRAMID COLLECTED BILLIONS OF RUBLES AND CUT OFF PAYMENTS

... rubles (Article 172.2 of the Criminal Code of the Russian Federation), although even then the experts stated that the project received about 7 billion from clients. As a result, the money was not found. At the same time, the absence of a license from the Central Bank of Russia did not prevent the organizers from continuing to collect funds from depositors. Only on June 1, the regulator announced that the Finiko project has signs of a financial pyramid on its official website. The first official statements from investors, who were deceived in their expectations, reached the Ministry of Internal Affairs of Tatarstan only on July 19. In July, the investigation ...

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