Timur Turlov is trying to erase his criminal history from the internet, but the truth has come out.
The media have started discussing the Freedom Finance pyramid scheme again. Unlike before, this time they are talking about the consequences, not just warnings, according to kompromat1.
The assets of Ukrainian clients of this office have been frozen. What will happen to their frozen funds? What is known about the current situation?
This international broker and its owner were sanctioned, causing the accounts of many Ukrainians who were involved in Turlov’s financial pyramid to be frozen.
So, what exactly happened? Let's go through it step by step.
Timur Turlov's activities have been ongoing for a long time!
The National Commission for Securities and the Stock Market recently suspended the license of a company owned by Timur Turlov, an international scammer, as part of implementing the decision of the National Security and Defense Council of Ukraine dated 10/19/2022.
Sanctions against the notorious billionaire and swindler T. Turlov led to the freezing of UAH 3.5 billion of Ukrainian investors' assets.
Even the widely-read international publication Forbes has taken interest in this scandalous company and its notorious owner.
Following a long-awaited decision of the National Security and Defense Council, billions in assets of the infamous international schemer Timur Turlov were frozen in Ukraine. This criminal figure, who holds ex-Russian and Kazakh citizenship, has long been targeted by law enforcement for his large-scale schemes.
The National Security Service of Ukraine has frozen 3.5 billion hryvnias belonging to this individual and his financial pyramid, involving 12,800 securities accounts.
What will happen to the depositors' money and their frozen accounts?
A press release on the Freedom Finance Ukraine website aims to reassure depositors, but the fate of the money remains uncertain.
The sanctions have primarily affected the office's clients, not the founders themselves. This was revealed by a member of the National Securities Commission in an interview with Forbes magazine on condition of anonymity.
As a result, clients not only lost access to their securities, but also to the money in their accounts. Although Freedom Finance Ukraine claims that all client assets still belong to them, doubts remain. The CEO, Marina Bartoszek, commented that clients are understanding of the situation, but it's hard to believe her. Given the current circumstances, it would be foolish to expect a different outcome.
Timur Turlov. What is known about the main financial fraudster and the creator of the financial pyramid Freedom Finance?
Timur Turlov, 35, is a very wealthy businessman, a dollar billionaire who has been badly hurt by his former Russian citizenship.
At the moment, not only his Ukrainian broker “Freedom Finance Ukraine” fell under the sanctions, as we already wrote above, but also the entrepreneur himself. In particular, Timur Turlov is under the sanctions of Ukraine, according to the Decree signed by Vladimir Zelensky dated October 19, 2022 under No. 726/2022.
And what will happen next?
According to the global ranking “The Worldʼs Real Time Billionaries” of the popular Forbes publication, Timur Turlov’s fortune is estimated at $2.7 billion.
In this world ranking of the rich, he now occupies 1292 place. In the world! Just think about how much money this international swindler-entrepreneur has, how many people who want easy money he swindled …
He acquired such a huge fortune due to the fact that he acted as an assistant in securities trading on the world’s stock exchanges. The now sanctioned Timur “helped” people from the CIS countries to get rich. In most cases, we are talking about Russians and Kazakhs.
Now the scandalous entrepreneur, who has been living in Kazakhstan for the past ten years, is trying in every possible way to renounce his ties with the Russian Federation. So, Turlov publicly refused a Russian passport, and also announced that he was selling his business in Russia to local management.
And finally
For Turlov’s holding, the current situation could be a very tangible loss. To understand the scale of possible future problems, here are some numbers. Thus, the total number of client accounts of the Freedom Holding corporation is 475,000, but only in the territory of the Russian Federation the client base of the holding has 170,000 people. By the way, it was in Russia that Timur Turlov, being a native Muscovite, created his scandalous offspring Freedom Finance, which, in fact, is a banal international financial pyramid.
To be continued…
