Kirill Doronin facing ten years in prison over Finiko fraud
Following his arrest last Friday, details of Kirill Doronin’s criminal charges have been revealed.
Russian authorities have charged Doronin ‘under Part 4 of Article 159 of the Criminal Code (fraud by a group of persons or on an especially large scale)’.
If convicted, Doronin faces a maximum ten year prison sentence.
Doronin denied the charges in court, stating ‘I do not admit the accusation of fraud and am ready for a reasoned dialogue’.
Doronin maintains Finiko never had any investors (yeah, good luck with that defense).
Shedding light on Doronin’s trip to Turkey and transfer of Finiko funds from Russia to Turkey, just days before Finiko collapsed, Dornonin’s attorney has put forth he’s a Turkish citizen.
Doronin allegedly has a Turkish passport under a different name. He also owns real-estate in Turkey, most likely purchased with stolen Finiko investor funds.
Prior to Doronin cleaning out the last of Finiko investor funds, Russian authorities have revealed ‘money remaining (in Finiko’s) accounts began to “scatter” through crypto wallets since December 2020’.
Experts have been called in to analyze the transactions, however Russian authorities maintain chances of recovery are slim.
Tartarstan investigators claim “more than a thousand” victim reports have been filed across Russia.
Doronin’s attorney sought house arrest on the grounds Finiko investors weren’t necessarily persuaded to invest in Finiko by Doronin himself.
“I have read the materials on this case and declare with confidence that none of the interrogated victims points to Doronin as a person who has stolen or received money from him.
Moreover, they indicate that they do not know him at all, and point to completely different persons: friends, relatives, who told them that someone is making good money on cryptocurrency, ” the lawyer said.
The court rejected the argument and ordered Doronin remanded in custody till “the end of September”.
Through Finiko, Doronin is believed to have bilked investors, the majority of whom are in Russia, out of ~$95 million dollars.
This:
is some pretty twisted thinking, even for a lawyer. It’s like saying Kenneth Lay didn’t commit fraud against any Enron investors who didn’t know him personally.
If that’s the best they can come up with, it’s not looking too good for Doronin.
Is there any changes to get back the money for those who’ve made an investment and still have to get back there money?
Where can people go for a lawsuit?
No, you gave your money to random Ponzi scammers in Russia. Sorry for your loss.
A lawyer.
Apparently, Doronin filed an appeal. Today, on Friday 13th, the Supreme Court of Tatarstan rejected his appeal, Doronin will remain in custody.
Next hearing might be in the end of September, since according to Russian law, a suspect in a criminal case cannot be held in custody for longer than 2 months, but the court may prolong his time in custody for 2 more months, until the investigation is over.
Or it can be much earlier, if Doronin decides to appeal one more time, but this time it’s the Supreme Court of Russia.
Just wasn’t his lucky day, I guess. Ba-dum-tsss!
He should try again in 9 months, on May 13, 2022. Or maybe January, 2023. Or October, 2023. In 2024, September and December. (All those months have Friday the 13th in them. No, I’m not triskaidekaphobic; calculating calendar dates in my head is kind of a hobby.}
Fun Friday 13th facts: every year has at least one, and no year has more than 3. Once every 7 leap years has three, in January, April, and July. The most recent was in 2012, and the next will be in 2040.
Common years can only have three if February does; then March and November will also. That happened in 2015, and will again in 2026 and 2037.
Just a few useless facts to kick off your weekend, everyone!
Thanks for the update. Had something come up yesterday so had a day off.
Got emails to get through then will get stuck into it.