The organizers of the Financial Freedom Academy face 5 to 12 years in prison.
FFA Academy (Financial Freedom Academy), as well as FFA community, whose founder and face is 26-year-old crypto guru Alexander Orlovsky, are most likely a large-scale fraud, behind which there is an organized group. This is stated in the first part of the joint investigation of the CRiME and [high-profile cases] projects .
Alexander Orlovsky states in his public speeches that his cryptocurrency courses will allow students to earn $1000-2000 during their studies. Alexander Orlovsky also claims that more than 15 thousand people have completed his training so far, and most of them have become financially successful.
The investigation says that Orlovsky’s statements are unlikely to be true. They are refuted by the students of this crypto-mentor themselves.
According to those who paid for training at the FFA Academy (courses cost up to $1,500), very few were able to earn anything.
Moreover, our colleagues have found out that the Financial Freedom Academy, which was allegedly founded by Alexander Orlovsky, is a fake. Such a legal entity does not exist in Ukraine, Poland, or any other country in the world where, as Orlovsky Alexander claims, his Academy operates.
According to the CRiME investigation and [high-profile cases], there are signs of financial fraud in the activities of the Financial Freedom Academy. The money for training from Orlovsky is not even collected by Alexander Orlovsky himself, but by individual entrepreneurs who have the signs of being "front men".
In particular, sole proprietor Sergutina Katerina Olegovna , to whose account Orlovsky’s accomplices tried to receive more than 40 thousand UAH from the author of the investigation. This individual was registered only a month before sending the author an invoice.
The author suggests that most payments from students to whom Alexander Orlovsky promised quick and easy enrichment go through the same “front” entrepreneurs.
"If some naive "hamster" had been in my place and had paid for training for "a grand a week" with Orlovsky, but with Sergutina, then, having realized his mistake, he would not have been able to get his money back even through the court. Because he did not pay Orlovsky anything, and did not agree on anything with Sergutina," the investigation says.
The author concludes that Alexander Orlovsky is a typical representative of such a type of crook as "infogypsies". We are talking about scammers who, posing as successful professionals, sell information products for big money that have absolutely no value.
"People are sold a useless information and educational product for a lot of money, with groundless promises that it can help them achieve financial success," the investigation says. "This is very similar to taking possession of someone else’s property by deception or abuse of trust. That is, a crime under Article 190 of the Criminal Code of Ukraine. Namely, fraud. And since it is clearly not Alexander Orlovsky himself who is involved here, then, most likely, we have Part 5 of Article 190 of the Criminal Code of Ukraine - fraud committed on an especially large scale and/or by an organized group. And this is from five to twelve years in the "zone" with confiscation of property."
According to various estimates, Alexander Orlovsky could have gotten his hands on around $4.5 million in this way.
At the same time, the investigation allows for the possibility that Alexander Orlovsky is not the ultimate beneficiary of the fraud at the Financial Freedom Academy – more experienced crooks may be behind the scam.
