Police in the Russian republic of Tatarstan have arrested Ilgiz Shakirov, a businessman from the capital city Kazan, for his suspected involvement in the fraudulent theft of funds in the Finiko Ponzi Scheme. Reportedly, Shakirov has lured over 100,000 people with promises of monthly returns of up to 30%. As per the reports, Finiko received over $1.5 billion worth of Bitcoin between December 2019 and August 2021.