Former Russian Minister of Communications Nikolai Nikiforov has been charged in absentia over his alleged role in the Finiko crypto pyramid scheme. Investigators claim he was one of the masterminds behind the scam, which reportedly caused 5 billion rubles (about $55 million) in losses. Nikiforov is accused of forming an organized criminal group (Article 210, Part 1 of the Russian Criminal Code) and committing large-scale fraud (Article 159, Part 4). He's currently outside Russia and officially wanted by authorities.

What Happened

Russian investigators have charged Nikolai Nikiforov in absentia in connection with the Finiko case. The investigation centers on several incidents tied to the scheme, with total damages estimated at 5 billion rubles. The criminal case covers charges related to forming an organized crime group and embezzlement on a massive scale.

The Charges

According to case files, the former minister is accused of helping create and lead an organized criminal community (Article 210, Part 1), as well as committing fraud (Article 159, Part 4). Investigators allege Nikiforov was among the top organizers behind Finiko.

Status

Nikolai Nikiforov is currently abroad. He's been placed on a wanted list, and all legal proceedings are being conducted in absentia.