As Incomes Fall, Russians Are Once Again Falling for Pyramid Schemes | Ukraine Today .org

https://ukrainetoday.org/2021/07/30/as-incomes-fall-russians-are-once-again-falling-for-pyramid-schemes/

Finiko, established in the southern city of Kazan in 2019, promised investors returns of 20-30% per month, as well as the opportunity to purchase apartments and cars at discount prifounded by four men, with Kirill Doronin, a charismatic Instagram influencer with a history of running pyramid schemes, acting as the face and spokesman of the group.

Authorities first took note of Finiko after it released its own cryptocurrency, FNK, on Dec. 1 2020, which appeared on cryptocurrency exchanges…