UAE Transfers Finiko Co-Founder Involved in Ponzi Scheme to Russian Officials
Deportation of Finiko Co-Founder: A co-founder of the Finiko Ponzi scheme has been deported from the UAE to Russia, where he faces charges of creating and leading a criminal organization and large-scale fraud.
Impact on Victims: The scheme, which operated from 2018 to 2021, defrauded over 7,700 victims, resulting in losses exceeding 1 billion rubles ($12.7 million), with investigations ongoing into the activities of its organizers.
International Cooperation: The deportation was facilitated through Interpol and involved negotiations between Russian and UAE law enforcement agencies, highlighting international efforts to address the fallout from the scheme.
Ongoing Investigations: The Russian Interior Ministry continues to investigate the case, with several high-ranking members of Finiko previously arrested in the UAE, while the total losses from the scheme are believed to be much higher than official estimates.
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Technical Analysis for
Technical Sentiment Analysis for () As of , () is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 0 technical signals, shows that 0 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
() Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | - | - | - | - | - | - | - |
| Fibonacci | - | - | - | - | - | - | - |
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