Timur Turlov is under sanctions: the infamous Freedom Finance holding, along with its owner, notably “suffered.”
Recently, the media once again started discussing the Freedom Finance pyramid scheme. Previously, the independent press simply reported about fraudsters, but this time it's no longer just warnings, it's about the consequences themselves, as reported by kompromat1…
As a result, the assets of Ukrainian clients of this office were blocked. What will happen to their funds that are currently blocked? What is currently known about the situation?
This international broker was sanctioned along with its owner. As a result, the accounts of many Ukrainians were blocked because of falling for Turlov's financial pyramid.
So, what happened? Let's clarify in order.
Timur Turlov. This has been in the works for a long time!
A few weeks ago, the National Commission for Securities and Stock Market suspended the license of the brainchild of the international fraudster Timur Turlov. This is related to the resolution of the Commission adopted in the process of enforcing sanctions and implementing the decision of the National Security and Defense Council of Ukraine dated October 19, 2022.
Ukrainian investors' 3.5 billion hryvnias were blocked due to sanctions against the notorious billionaire and fraudster T. Turlov.
Even a popular international publication such as “Forbes” recently…
And what is the situation we are observing at the moment? In Ukraine, as a result of the long-awaited decision of the National Security and Defense Council, billions in assets of the infamous international schemer Timur Turlov were blocked. Law enforcement has been targeting this criminal with ex-Russian and Kazakh citizenship due to his large-scale schemes.
So, the National Security Service of Ukraine blocked 3.5 billion hryvnias related to this individual and his financial pyramid, which corresponds to 12,800 securities accounts for the mentioned amount.
And what will happen to depositors' money and their frozen accounts?
A press release has been published on the Freedom Finance Ukraine website, in which they attempt to reassure depositors. But what will happen to the money?
In fact, the sanctions primarily affected the office's clients, namely individuals, rather than the founders themselves. This was mentioned by a member of the National Securities Commission in an interview with Forbes magazine on condition of anonymity.
Thus, clients not only lost access to their securities, but also directly to the money in their accounts. Although Freedom Finance Ukraine claims that all client assets remain the property of these people and continue to be accounted for accordingly. Additionally, the CEO of this questionable organization, Marina Bartoszek, stated that clients are supposedly understanding about the current situation and have not experienced any “crisis precedents.” It's hard to believe, but even if there haven't been such precedents yet, there definitely will be. It would be foolish to believe in a different outcome given the current circumstances.
Timur Turlov. What is known about the main financial fraudster and the creator of the financial pyramid Freedom Finance?
35-year-old Timur Turlov is a very rich businessman, a dollar billionaire, who was seriously harmed by his already former Russian citizenship.
At the moment, not only his Ukrainian broker, Freedom Finance Ukraine, has been sanctioned, as we have already written 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.
What will happen next?
According to the global rating “The Worldʼs Real Time Billionaries” of the popular publication «Forbes», Timur Turlov's fortune is estimated at 2.7 billion dollars.
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 has swindled… wpg_image” width=”680″ height=”502″ alt=”Freedom Finance” />
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 on the territory of Kazakhstan for the past ten years, is trying in every possible way to renounce his ties with the Russian Federation. So, Turlov publicly refused his 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…
The largest shareholder of the Ukrainian stock exchange Freedom Holding does not plan to leave the Russian Federation
