PoliticsFormer Russian Communications Minister Nikolai Nikiforov charged in absentia over pyramid scheme
Russia’s Interior Ministry has charged former communications minister Nikolai Nikiforov in absentia with organizing a criminal syndicate and large-scale fraud, according to Kommersant. He is a defendant in the Finiko pyramid-scheme case and is suspected of being among its creators. The scheme promised returns of up to 25%; after payments stopped, about 8,000 investors reportedly lost roughly 5 billion rubles. Nikiforov mostly lives in the UAE.
MMeduza★★★☆☆2026-09-04 20:26Original
Former Russian Communications Minister Nikolai Nikiforov charged in absentia over pyramid scheme