Martynyuk’s forex trap, or how to deceive trusting investors with finesse
27.10.2024 21:10
The public organization "Center for Public Security" published an investigation into the activities of one of the companies on the financial markets on its Facebook page.
OBOZREVATEL publishes an investigation of the organization, which will allow you to avoid dubious investments in the future.
How Ukrainians get rid of money in Freshforex: the scheme is revealed
From crisis to crisis - this is how you can describe the economic situation in Ukraine. Our people have adapted to survive in difficult conditions, but still hope to change their lives for the better. It is this category of people who most often become victims of Forex market manipulations, which, taking away the last, stuff their already full pockets.
We hope that the information will be useful for those who were planning to trade with the company Freshforex (YEDRPOU - 39098022) (or Want Trade and Want Broker, and many other one-day kitchens that are part of the general pool) or considered a job offer at the company Prof Advice LLC (EUDPO – 42585981) and its clones such as Omni Stock Investment (EUDPO – 41298727).
At first glance, these companies and names have nothing in common, but in reality they have one thing in common - the people behind the big scheme. For decades, enriching themselves at the expense of gullible Ukrainians and citizens of the CIS, Martynyuk Andriy and Kravchun Oleh (video about their activities) managed to acquire both beautiful, expensive cars and luxurious houses. In general, a safe life. They are the owners of the aforementioned fraudulent organizations. These companies will close - new ones will appear and so on, because this activity can bring in millions.
For the preparation of this material, data that is freely available was used - anyone who wishes can get acquainted with them. Also, everyone can come to the home of the main "heroes" of the material and make sure that everything they have earned through hard work is available. Next in order.
Part 1. FreshForex is a phoenix broker. How do they work?
The FreshForex company is known to many Ukrainians who decided to succeed in the financial markets personally. Based on the data indicated on the site, the company’s activity began in 2004, and in 2011 it took the 7th place in terms of the number of clients among Forex brokers worldwide.
It is not difficult to track on the web that the domain was created in 2009, but actively began to work in 2013. The site is translated into 15 languages, which confirms the scale of the scam:
Of course, there are also "good offers" for customers from Ukraine. The FreshForex broker offers all kinds of promotions and bonuses, low spreads, leverage up to 1:2000 - conditions that simply cannot be refused (even a bonus of 2020 dollars when trading without a deposit). There is only one nuance - the company officially ceased operations on the territory of Ukraine on April 26, 2018, which is confirmed by information from the official source of the Unified State Register of Legal Entities, Individual Entrepreneurs and Public Organizations:
The site is working, clients’ money is coming in, but "Fresh Forex Ukraine" LLC (YEDRPOU – 39098022) simply does not exist. The company was liquidated after a series of publications about its real activity - fraud.
Briefly about FreshForex company
The FreshForex company appeared after the rebranding of the popular kitchen - Intrade. After this broker cheated thousands of naive users, its creators decided to launder the company by renaming it to another one with a clean reputation. That’s how "Fresh Forex" appeared. You can still find a lot of reviews about Intrade on the Internet, and there is also an interesting video on YouTube that fully reveals the process of "reincarnating" Intrade into Fresh Forex.
Back in 2017, fraudsters from "Fresh Forex" assured that the brand is owned by Riston Capital Ltd (St. Vincent and the Grenadines) - this is exactly the information indicated on the broker’s official website even today:
Back in 2017, a fake license was listed on the broker’s website, but it was soon replaced by another one from the same regulator.
In fact, the company "Riston Capital" was created as a distraction, just to confuse customers. This revealed an interesting fact: Riston Capital Ltd. no longer exists - the company was liquidated on 09/19/2016, having worked for only 2 years, because the specified date of registration is 08/21/2014. How can a company operate in 2020 if it ceased official activity back in 2016?
More information about broker registration can be found at the link.
In order to successfully conduct dubious activities, Fresh Forex also organized its own regulator (more precisely, was one of its members) - CROWFR. The Russian "regulator" of this broker - the KROUFR organization - also does not exist, it was liquidated in the process of consideration.
FreshForex customer reviews
No one is surprised by the huge number of negative reviews about FreshForex over the past 10 years:
There are negative reviews about FreshForex on almost all major large resources that highlight the activities of Forex brokers:
Forum for experimentation
Forum forexdengi
Other forums
Despite the fact that the FreshForex company has officially ceased its activities on the territory of Ukraine, there is an active promotion of positive reviews that do not have any real confirmation:
Part 2. The best business
Martynyuk is very actively recruiting staff - sales managers and even fashion retention in Kyiv and Kirovohrad. It is about a company that appeared after "Fresh Forex" (Prof Advice LLC). Salaries are promised to be quite attractive - from 15 to 70 thousand hryvnias. Here is the rate, and bonuses, and other wonderful buns. But, as we have already seen above, this is all just a scam, Martynyuk’s companies deceive their employees as well as their customers. There were offices in Odesa as well, but they were already covered by the police during the working out of such offices. The criminal case is still underinvestigation, but more on that later.
General vacancies
The position of a retention manager (whatever that means) is the most profitable
A little less cool, but also profitable - a sales manager in Kyiv:
And the lowest paid manager vacancy in Kropyvnytskyi:
Reviews about the work of the Want Broker (Prof Advice LLC) brand
Among the comments about Martynyuk’s activities in Ukraine, you can find other useful information about the work of the management team. For example, from a person who worked in one of the numerous offices at the address: Kyiv, str. Obolonska, 29:
Part 3. New Companies - Old Persons: Prof Advice LLC and Omni Stock Investment
Andriy Martynyuk is one of the founders of "Fresh Forex Ukraine" LLC. It was he who, after the company’s reputation ceased to be so clean, closed it, and six months after the liquidation of the broker in Ukraine, he created "Prof Advice" LLC (EDRPOU - 42585981), which continued what he had started. The director of Prof Advice LLC is Oleh Kravchun
Two brands work (or used to work) under the company Prof Advice LLC - the twins Want Trade and Want Broker (it’s like a rebranding, but without problems), which are actively recruiting workers. Addresses, names, brands change... but a scammer is always a scammer.
The active financial "activity" of Prof Advice LLC and numerous complaints of defrauded traders attracted the attention of law enforcement agencies, which opened criminal proceedings No. 12019160000000069 dated 02.01.2019 on the grounds of the commission of a criminal offense provided for in Part 3.
Fraud committed on a large scale, or through illegal operations using electronic computing equipment, is punishable by imprisonment for a term of three to eight years.
A third company - Omni Stock Investment (YEDRPOU-41298727) is involved in this criminal proceeding, which is also accused of committing financial fraud (registered on April 25, 2017, the director is Sulyma Volodymyr).
Kravchun and Martynyuk cannot liquidate this organization, as in the case of "Fresh Forex" LLC, but the directors are changed almost once a month. You can get acquainted with the full list of "managers" of the company on the website or below:
History of management changes
July 10, 2020 - November 14, 2019
Head: Sulyma Volodymyr
Founder: Sulyma Volodymyr
The original entry from the register: SULYMA VOLODYMIR ANATOLYOVYCH, the amount of the contribution to the statutory fund - UAH 10,000.00.
November 6, 2019 - November 13, 2019
Head: Sulyma Volodymyr
Founder: Sishchuk Olha
The original entry from the register: Sishchuk OLHA, the amount of the contribution to the statutory fund - UAH 10,000.00.
September 23, 2019 - November 5, 2019
Head: Sishchuk Olha
Founder: Sishchuk Olha
The original entry from the register: Sishchuk OLHA, the amount of the contribution to the statutory fund - UAH 10,000.00.
September 23, 2019
Head: Petrova Inha
Founder: Sishchuk Olha
The original entry from the register: Sishchuk OLHA, the amount of the contribution to the statutory fund - UAH 10,000.00.
September 21, 2019 - September 22, 2019
Head: Sishchuk Olha
Founder: Sishchuk Olha
The original entry from the register: Sishchuk OLHA, the amount of the contribution to the statutory fund - UAH 10,000.00.
March 12, 2019 - September 20, 2019
Head: Petrova Inha
Founder: Petrova Inha
The original entry from the register: Petrova Inha, the amount of the contribution to the statutory fund - UAH 10,000.00.
March 6, 2019
Head: Petrova Inha
Founder: Oleksandr Kochishvili
The original entry from the register: KOCHISHVILI OLEKSANDR, the amount of the contribution to the statutory fund - UAH 10,000.00.
March 5, 2019
Head: Petrova Inha
Founder: Petrova Inha
The original entry from the register: Petrova Inha, the amount of the contribution to the statutory fund - UAH 10,000.00.
February 19, 2019 - February 26, 2019
Manager: Petrova Inha
Founder: Oleksandr Kochishvili
The original entry from the register: KOCHISHVILI OLEKSANDR, the amount of the contribution to the statutory fund - UAH 10,000.00.
February 13, 2019
Head: Yefremova Valeriya
Founder: Oleksandr Kochishvili
The original entry from the register: KOCHISHVILI OLEKSANDR, the amount of the contribution to the statutory fund - UAH 10,000.00.
February 12, 2019
Head: Petrova Inha
Founder: Oleksandr Kochishvili
The original entry from the register: KOCHISHVILI OLEKSANDR, the amount of the contribution to the statutory fund - UAH 10,000.00.
October 10, 2018 - February 6, 2019
Head: Yefremova Valeriya
Founder: Oleksandr Kochishvili
The original entry from the register: KOCHISHVILI OLEKSANDR, the amount of the contribution to the statutory fund - UAH 10,000.00.
January 16, 2018 - September 21, 2018
Head: Cherednychenko Anastasiya
Founder: Oleksandr Kochishvili
The original entry from the register: KOCHISHVILI OLEKSANDR, the amount of the contribution to the statutory fund - UAH 10,000.00.
August 16, 2017 - January 11, 2018
Head: Olena Stefanivska
Founder: Oleksandr Kochishvili
The original entry from the register: KOCHISHVILI OLEKSANDR, the amount of the contribution to the statutory fund - UAH 10,000.00.
May 5, 2017 - August 14, 2017
Head Stefanivska Olena
Founder: No data
The rulings of the court under the number ЕРDР No. 12019160000000069, in which these two companies are mentioned, make it possible to talk about their joint activity in fraud by a group of persons on a large scale.
In the Omni Stock Investment case, there are victims who lost tens of thousands of dollars (one of the victims of the fraudsters lost more than $26,000).
Criminal cases No. 947/21537/19 (main), No. 520/3152/19 are being considered by the Kyiv District Court of Odesa. You can get acquainted with these documents in the open access of the Register of Court Decisions of Ukraine.
It is also interesting that the companies Prof Advice LLC and Omni Stock Investment are located in Odesa at the same address: str. Spiridonivska, 19 (basement). This became known from the information provided by the investigators about the seizure of property during the search on August 8, 2019.
To date, criminal cases have not been closed, but they are gradually slowing down.
Part 4. Who’s Behind It? Just the facts
Specific facts will help you arrange all your places. The activity of FreshForex in Ukraine, despite the official suspension of work, continues in an intensified mode. The founder of the company, Andriy Martynyuk, Oleh Kravchun, and partners continue what they started in new companies - Prof Advice LLC (the most famous projects Want Trade and Want Broker) and Omni Stock Investment.
Andriy Martynyuk, born on September 28, 1985 in the city of Korosten, Zhytomyr region, a citizen of Ukraine. Place of registration: Kyiv, Podilskyi district, st. Syrian
Andriy Martynyuk tried his hand at politics. In 2014, he ran for the Verkhovna Rada of Ukraine of the eighth convocation from 221 districts, representing the Liberal Party of Ukraine, but did not receive the required number of votes. He was also an assistant to one of the deputies of the VRU Amelchenko Vasyl Vasyliovych from the Radical Party Oleh Lyashko, 8th convocation.
On April 16, 2020, Martynyuk took ownership of a new BMV X6 car, national number КА0001МС. In 2020 alone, despite the quarantine conditions, Martynyuk crossed the border more than 10 times, not to mention trips in previous years. From the description obtained from his acquaintances, it was possible to establish inappropriate behavior, driving a car while intoxicated, beating his wife.
Only the official data (declarations) indicate the ownership of two plots of land (15,000 m2 and 4,712.7 m2), two cars (dates of execution of transactions: 07.05.2019 and 03.06.2019) and an apartment (date of execution of the deed: 16.04) . 2019).
Martynyuk’s assistant and right-hand man, the director of his company, a man who, like Martynyuk, deceived thousands of people - Oleh Kravchun.
Oleh Kravchun, born on November 17, 1987, registered in Boryspil in an expensive mansion. He drives a KIA SPORTAGE (red, license plate АИ0014IO) and a BMW X5. Both cars are registered in the name of his father - Andrii Mykolayovych Kravchun. In addition to this small property, the family also uses other cars of expensive brands.
Oleh Kravchun is also the founder of MK Consulting Group LLC (YEDRPOU – 41203200), registered on March 9, 2017. Surprisingly, the company’s main activities are call center operations. Company registration address: 04071, Kyiv, Podilskyi district, st. 15 Nizhniy Val, office 602.
In the history of this company, criminal proceedings No. 42017101070000286 dated 01.12.2017, case No. 758/6867/18 under Article 203-2 of the Criminal Code of Ukraine - gambling business were also opened.
Perhaps it was the unrealized ambitions in politics or other spheres that became the driving force behind financial companies that, instead of helping Ukrainians to earn, deprive them of their last money. Before you give your money to Martynyuk, you need to think carefully about what this game of "earning without investing in Forex" will turn out for a specific person, because over the past ten years they have cheated thousands of people out of tens of millions of dollars, at the expense of which they are now living in luxury. no worries
All the listed facts are the result of the activities of Martynyuk and Kravchun, who manage many offices in Ukraine and abroad, which are opened and closed, moving to new places each time to hide their activities. And the saddest thing about this story is that these people have not been punished yet, but it is only a matter of time.
It is also necessary to find out the addresses of other offices, the names of the companies they represent themselves and the roofers of this scam.
Мария Соколовская
