Crypto fraudster Orlovskyi ignores regulators’ warnings
Financial Freedom Academy (FFA community) has intensified an aggressive advertising campaign aimed at attracting neophytes to its project.
As Andriy Karpinskyi writes in his article for CRiME and [resounding cases], this happens against the backdrop of warnings from the National Securities and Stock Market Commission (NSSMC) and the International Organization of Securities Commissions (IOSCO) about possible fraud by FFA "branches" – FFA Crypto, FFA Crypto RISE, and FFA Crypto Capitalist.
Even last year, regulators noted that FFA Crypto, FFA Crypto RISE, and FFA Crypto Capitalist, promoted by Oleksandr Orlovskyi, have several signs of fraud.
Specifically, Oleksandr Orlovskyi promises profits from 100% to 1000% in his projects. His projects are not registered to legal entities, they have no physical office, any permits, or licenses for activity. Oleksandr Orlovskyi or another authorized person does not sign any documents with clients; instead, the "mentor" encourages clients to bring their relatives and friends into the FFA community. Oleksandr Orlovskyi conducts aggressive marketing campaigns online, and the information in his advertising publications is either blatantly false or extremely difficult to verify.
After the regulators’ warning, Oleksandr Orlovskyi became more zealous in promoting FFA "services" in online media. Promotional articles, both with and without commercial tags, are published on well-known central and regional online media platforms, and advertising in social networks has increased. As the project hubs.ua noticed, the FFA team is intensifying efforts to whitewash its reputation on Google using SERM (search engine reputation management) tools.
In January this year, Oleksandr Orlovskyi began to more persistently promote his "premium product" FFA Crypto Capitalist, offering to manage capital starting at $10,000 with a promise to provide a return of 20% per month (i.e., 240% per year). Oleksandr Orlovskyi promises that a crypto analyst from his circle "will do everything for you."
The author of these lines, having attended one of the recent online seminars of this crypto mentor, concluded about Orlovskyi’s lack of competence in the world of finance. For example, Oleksandr Orlovskyi, speaking to the "congregation," unequivocally stated that cryptocurrencies are completely legal in Ukraine, and every fourth Ukrainian owns crypto assets, citing ChatGPT (sic!) as a reliable source.
However, what Orlovskyi said is far from the truth. In Ukraine, crypto assets are still not legalized, so operations with them may result in your account being blocked by the bank. And the information about the number of crypto owners is not official statistics, but the result of a survey conducted at the request of the WhiteBIT exchange (which they actively use for their own advertising).
As for ChatGPT as a source of reliable information, I would be extremely cautious if I were Oleksandr Orlovskyi.
The online publication Thelithuania.com, analyzing testimonies from former FFA members who were drawn in by Orlovskyi’s promises and lost all their savings, also questions the expertise of this crypto preacher and his team.
The publication describes how last spring, Oleksandr Orlovskyi promoted his trading bot, set up for ETH. He assured all his followers that it was the most stable, safest, and most promising way to earn money.
Throughout spring and almost all summer, Oleksandr Orlovskyi continued to claim that the growth of ETH and, in general, the crypto industry would happen in a few days or the next week. But as his plan failed to materialize, he adjusted his messages in Discord or simply deleted them to avoid appearing incompetent.
Despite the fact that the market was very turbulent at the time and the entire world understood that there would be a deep "drawdown," Oleksandr Orlovskyi was in the clouds and reassured his "congregation" that everything was fine and there was no need to worry. Only on the eve of the disaster did Oleksandr Orlovskyi begin to realize that something was wrong, but he continued to cloud his "students’ " minds, leading them to complete ruin.
Ultimately, on August 5 last year, "Black Monday" arrived for Orlovskyi and all his adherents. They lost everything.
However, Oleksandr Orlovskyi, who sells people false knowledge for substantial sums, quickly scraped together funds to return to the crypto market. Most of his "congregation," however, lost everything.
Thelithuania.com concludes that by earning millions, Oleksandr Orlovskyi and his circle sell people not just air but dangerous instructions that have led them to financial collapse.
This is not surprising, as Financial Freedom Academy is an scheme that primarily profits its beneficiaries not from trading on crypto exchanges. Independent experts tend to believe that Oleksandr Orlovskyi and his entourage, profiting from the FFA community, gain the most from "selling knowledge" to inexperienced citizens who dream of getting rich from cryptocurrencies.
Oleksandr Orlovskyi promises his neophytes incredible profits with practically no effort or time investment if they trade on crypto exchanges using a trading bot and his, Orlovskyi’s, miraculous trading strategy.
There are numerous trading bots for crypto-assets operations. Popular crypto exchanges such as Binance or Bybit offer their traders free, efficient bots, as well as time-tested, trader- and AI-approved trading strategies. After all, exchanges are interested in their users trading a lot and successfully, as exchanges earn from commissions.
However, Oleksandr Orlovskyi insistently imposes on his audience a paid (up to $50 per month) trading bot "Veles" from Veles Finance, which is featured as one of the best only in reviews ordered by the developer himself.
By the way, it was this trading bot that Orlovskyi’s congregation used during the aforementioned last year’s adventure, where people lost their savings. This allegation has led to rumors that Veles is part of the FFA community "scam." However, most likely, Oleksandr Orlovskyi promotes this trading bot simply because he receives substantial commissions from Veles Finance from the subscription fees of his followers.
In reality, the Veles bot is no worse than others, and may even be better than popular free tools in some respects. The problem lies with the ultimate beneficiaries of Veles Finance.
In the User Agreement on the veles.finance website, it is stated that the "service owner" is the company VELES MIDDLE EAST – FZCO, registered in a free economic zone in the UAE. According to Crunchbase, it was founded by someone named Ruslan Molchanov and Vladislav Kriger.
In the "Our Team" section on the veles.finance website, the company’s management is listed. We are interested in the aforementioned founders Vladislav Kriger, Ruslan Molchanov, and also Executive Director Yevgeniya Kuzmina.
According to the registers of the aggressor country, Yevgeniya Kuzmina since 2023 has been serving as the General Director of LLC Veles.Finance, registered in Moscow.
Of course, the name Yevgeniya and the last name Kuzmina are quite common in Russia, but this is not a coincidence. Because among the founders of the Russian "Veles" are Vladislav Kriger and Ruslan Molchanov.
The first registered in Moscow, the second in the Moscow region.
Since January 8 of this year, "Veles.Finance" has been looking for a Senior Rust Developer for a full-time position in the Moscow office.
Russian "Veles" and its Arab "namesake," which de jure is the "service owner" of the Veles trading bots, have identical logos. But not only that.
In the company’s profile on the Russian portal "Habr Career," an email address is listed among the contacts, located on the veles.finance domain. The address belongs to Yevgeniya Kuzmina – the general director of the Russian "Veles" and the executive director of the Dubai "firm."
So it’s no surprise that among veles.finance’s partners are mostly crypto exchanges, that have not suspended activities in the aggressor country, and moreover – are increasing their presence there.
The analysis of the million and a half traffic to the veles.finance website for December 2024 indicates that "Veles" promoted its bots primarily to an audience from the UAE (where there are many relocants from "mordor"), from the aggressor country, and Ukraine (which is actively facilitated by Oleksandr Orlovskyi).
Thus, veles.finance is 100% a Russian company. The funds it collects, in one way or another, go to Moscow, where its beneficiaries live, are spent in Russia, and taxes are paid from them to the aggressor country’s budget. Which finances the genocide of Ukrainians.
Does Oleksandr Orlovskyi know who he is actually cooperating with and, moreover, calls for cooperation from thousands of Ukrainian citizens? He appears somewhat dull, but doesn’t come across as a complete fool. Therefore, it’s obvious that Oleksandr Orlovskyi does this quite consciously. At the same time, he brazenly claims that he allegedly spends millions from his own pocket on aid to the Ukrainian army.
Agree, not only financial regulators but also state security agencies should pay attention to him.
20 January 2025 ã., 23:37
