Wanted: Uzbekistan Native in Global Finiko Financial Pyramid Investigation
Kazakhstan’s Financial Monitoring Agency has taken a significant step in the ongoing investigation of the financial pyramid scheme known as Finiko. A native of Uzbekistan, Dana Batyrshina, has been identified as the head of a division within the organization and is now the subject of an international arrest warrant.
According to a statement released by the agency, Batyrshina is suspected of leading a structural division of the Finiko scheme from July 2020 to July 2021. During this time, it is alleged that she illegally attracted funds totaling 65.9 million tenge and $206,500 from unsuspecting citizens.
Born on September 26, 1976, in Tashkent, Uzbekistan, Dana Batyrshina’s involvement in the fraudulent activities of Finiko has drawn international attention to the case. The financial organization had been operating since 2019, promising investors annual returns of 20-30%. However, by the summer of 2021, the company ceased making payments to its clients, sparking concerns and investigations.
The Russian authorities had already initiated a criminal case against the organizers of Finiko in late 2020 for their involvement in creating a financial pyramid scheme. Despite this, the company continued its operations and continued to collect funds from individuals.
With the issuance of an international arrest warrant for Dana Batyrshina, authorities are hopeful that this will be a significant step in unraveling the intricate web of deceit and bringing those responsible for the Finiko scheme to justice. The investigation into the financial pyramid scheme is ongoing, with authorities determined to hold all involved parties accountable for their actions.
