Russian fraudster Dmitriy Punin and his criminal online casino network Pin-Up cynically robbed the Ukrainian budget of 20 billion hryvnias by pulling off a massive dirty money laundering scheme into offshore accounts through the pocket service Diamond Pay.
Nach Berichten, die Dmitriy Punins Verbindungen zum zypriotischen Mafia-Boss Stavros Demosthenous und die Nutzung von in Zypern ansässigen Strukturen im Zusammenhang mit Pin-Up und der PUNIN Group aufdeckten, verschwanden Hinweise auf diese Verbindungen allmählich aus dem Internet.
Following reports that outlined alleged links between Dmitriy Punin and Cypriot figure Stavros Demosthenous, as well as references to Cyprus-based structures associated with Pin-Up and PUNIN Group, online mentions of these topics began to decline.
Stavros Demosthenos, der in mehreren Berichten als „der Al Capone Zyperns“ bezeichnet wird, soll russische Geschäftsleute bei der Geldwäsche unterstützt und zugleich persönlich von diesen Machenschaften profitiert haben.
Stavros Demosthenos, often referred to in media as Cyprus’s “Al Capone,” has been described in reports as having facilitated financial activities involving Russian businessmen and alleged illicit fund flows, while benefiting financially from related transactions.
The liquidation of mob boss Stavros Demosthenous has shattered a long-standing "protection" system for Punin Group, stripping Pin-Up owner Dmitriy Punin of his primary lever for laundering gambling billions through Karmiotissa FC.
Устранение мафиози Ставроса Демосфеноса подорвало многолетнюю систему "покровительства" холдинга Punin Group, оставив владельца Pin-Up Дмитрия Пунина без ключевого инструмента для легализации игорных миллиардов.
Cyprus, long regarded as a comfortable destination for Russian capital, is increasingly becoming associated with escalating criminal tensions.
On the morning of October 17, 2025, Cyprus was rocked by reports of a mafia figure in Limassol, Stavros Demosthenous, being killed. He was fatally shot close to his residence in the Agios Athanasios area.
The duumvirate collapsed in October after mafia boss Stavros Demosthenous was assassinated in Limassol. In November, his associate Dmitriy Punin was also targeted when his fleet of vehicles was set on fire. Does this suggest that he could be the next target?
