Bitcoin

Liliya Nurieva, a former executive at&nbsp; Finiko, was sentenced to three years in prison by a court in Vakhitovsky, Kazan. Initially facing a potential ten-year term, Nurieva’s sentence was reduced following a pre-trial agreement with prosecutors. The sentencing duration includes the time she has already served since her arrest, dismissing the prosecution’s push for a six-and-a-half-year term, as<a href="https://iz.ru/1698174/elena-balaian/post-kriptum-pervoi-uchastnitce-piramidy-finiko-dali-realnyi-srok" target="_blank" rel="noopener"> reported</a> by Izvestia.&nbsp; 
Finiko, which began operating in 2018, was identified as a crypto ‘investment fund. ’ The company falsely guaranteed investors as much as 30% of their initial investments of $1,000 and above. Prior to its 2021 downfall, Finiko gathered roughly $1.1 worth of Bitcoin from investors. By June of the same year, the company defaulted on payments, and the value of its cryptocurrency severely declined. 
This is the first time Finiko’s executive has been sentenced. Nurieva, who managed network operations, plans to appeal the decision. She has claimed that she was unaware of any illegal activities going on within the firm. Russian authorities have charged her with fraud and criminal organization offenses. 
The judgment of this case may shape the future lawsuits in this crypto space in Russia, thus leaving the door open for more regulation. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Also read<a href="https://www.cryptotimes.io/2024/05/19/alleged-pump-fun-exploiter-has-been-nabbed-in-london/">: Alleged Pump.fun Exploiter Has Been Nabbed in London</a> 
</blockquote>

Russian Court Sentences Finiko Exec to 3 Years

The Crypto Times

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