Tatarstan’s highest court has rejected appeals against arrest warrants issued for three co-founders of the notorious Finiko crypto pyramid. The top representatives of the Ponzi scheme, accused of large-scale fraud in Russia, are still hiding abroad, media reports reveal.

Three Finiko Ponzi Scheme Members Still Wanted

The Supreme Court of Tatarstan, a republic of the Russian Federation, has confirmed the arrest warrants issued in absentia for Zygmunt Zygmuntovich and Marat and Edward Sabirov. The three wanted men are close associates of Finiko’s founder Kirill Doronin.

Doronin, an Instagram influencer whose name has been linked to other fraudulent schemes, was arrested in July. Then in September, authorities detained the pyramid’s vice president, Ilgiz Shakirov, as well as two women, Lilia Nurieva and Dina Gabdullina, who have allegedly lured thousands of investors with promises for high returns.

Zygmuntovich and the Sabirov brothers, however, managed to leave the country and avoid detention. In Tatarstan’s highest…

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