Finiko founder Kirill Doronin has been denied release from custody.

At the request of the Ministry of Internal Affairs, Doronin will remain locked up until November 28th.

Doronin had
petitioned the Vakhitovsky District Court of Kazan for release
, on the grounds his wife is due to give birth “in a few weeks”.

(Doronin) noted that under house arrest he can be useful to both the investigation and his wife.

The court sided with prosecutors and denied Doronin’s application.

Given what we’ve
seen happen elsewhere
, that was probably the right call. MLM crypto scammers with access to significant ill-gotten gains are an obvious flight risk.

Citing unnamed sources, Realnoe Vremya claims Doronin has three houses, three apartments and a “domestic car” in Russia alone.

The additional amount Doronin managed to
siphon out of Russia
before
his arrest
in July is unknown.

Realnoe Vremya also report that

Doronin maintains his innocence. To date over three thousand Finiko victims have
filed complaints
exceeding 1 billion rubes (~$13.7 million USD).

Doronin’s co-conspirators, Edward Sabirov, Marat Sabirov and Zygmunt Zygmuntovich, are
wanted by Russian police
.

The trio are fugitives on the run. Reporting on the investigation into their disappearance, Realnoe Vremya writes;

Investigators established that they left the country on July 6, going first to Belarus, and from there to the Arab Emirates. On August 27, Zygmunt Zygmuntovich, Marat and Edward Sabirovs were arrested in absentia, materials on them were sent to Interpol.

I’d bet everything the Sabirovs and Zygmuntovich have wound up in Dubai.

Probably where Kirill Doronin wanted to flee to after he went back to Russia to collect his pregnant wife and two sons.

Over the past few years Dubai has carved out a reputation for itself as the
MLM scam capital of the world
.

Russia is one of the few countries the UAE has an extradition agreement with.

Whether that amounts to anything with respect to the Sabirovs and Zygmuntovich though remains to be seen.

Initiated by local Kazan authorities, the Finiko fraud case was transferred to federal investigators in early September.

The Main Investigation Department of Russia’s Ministry of Internal Affairs continues to handle the case.

🤖 Quick Answer

Who is Kirill Doronin and why was his release denied?
Kirill Doronin is the founder of Finiko, a cryptocurrency scheme. Russian courts denied his release petition until November 28th at prosecutors' request, despite his argument that house arrest would allow him to support his pregnant wife, citing him as a flight risk given his substantial assets.

What assets does Doronin allegedly possess in Russia?
According to unnamed sources cited by Realnoe Vremya, Doronin owns three houses, three apartments, and a domestic vehicle within Russian territory, indicating significant wealth potentially derived from illicit activities.

What legal grounds did Doronin cite for his release petition?
Doronin petitioned the Vakhitovsky District Court of Kazan arguing that his wife was due to give birth within weeks and that house arrest would enable him to assist both the investigation and his

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