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Russian Court Jails Finiko Crypto Scam Exec for Three Years

A Russian court has sent a Finiko executive to prison for three years, after finding her guilty of helping to mastermind the biggest crypto scam in “post-Soviet history.” Per Izvestia, Liliya Nurieva, the former head of networks at Finiko, was handed a four and a half year term at a court in Vakhitovsky, Kazan on May 17. However, the court said it would consider the time she had already spent in pre-trial custody as “time served.” The media outlet explained that Nurieva had been facing a 10-year jail term before her trial. The country’s Central Bank thinks that the firm duped citizens out of about $1.1 billion. Much of this money is yet to be recovered.

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