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Unveiling the QBF Scam: Leaked Documents Expose NOA Circle's Intentional Plans to Defraud Investors

Writer's picture: Sun Of JusticeSun Of Justice

Updated: Apr 21, 2024


In a shocking turn of events, leaked documents have surfaced, shedding light on the intentional and calculated plans of NOA Circle with QBF to deceive unsuspecting investors. The exposed documents reveal a complex web of fraudulent activities carefully designed to make it incredibly challenging for investors to recover their hard-earned money, for regulators and authorities to deem order QBF's and NOA's activities, and extremely difficult for prosecutors to proceed with charges.


This blog post delves into the alarming details disclosed by the leaked documents, offering a glimpse into the sinister world of the QBF scam.


Unveiling NOA Circle's Role in the QBF Scam


The first leaked documents uncover NOA Circle's pivotal role in the fraudulent scheme. They expose the company's intentions to collaborate closely with QBF to create an elaborate structure to lure investors into their trap. The documents outline how NOA Circle sought to use its licensing and credibility, as well as other associated licensed firms, as a front to present a facade of legitimacy, all while orchestrating deceptive strategies behind the scenes.


ICPAC

NOA CIRCLE

APOLLON ATHANASIADES - ICPAC REG NO. 5281

GEORGIA TOFINI - ICPAC REG NO. 3081

AELIUSCIRCLE

LINDA ATHANASIADOU - ICPAC REG NO. 4005

CIMA

WHITE LAKE MANAGEMENT


a graph demonstrating fradulent activities graph demonstrating fradulent activities
NOA CIRCLES FRADULET ACTS
a graph demonstrating fradulent activities
NOA CIRCLES FRADULET ACTS










Leaked documents Leaked documents


NOA's and QBF's Calculated Deception


The above documents are part of an email communication between Mr Apollon Athanasiades and Mrs Linda Athanasiadou and a banking institution in their attempt to open banking facilities to the firms they used in their scam. It's pivotal to mention the two documents merely provide a startling glimpse into QBF's deliberate deception tactics. However, gradually and until the police do their job, we will keep releasing documents that reveal the company's plan to divert investor funds into development projects associated with the beneficiaries of the group, leaving investors with little hope of retrieving their investments.


QBF's and NOA's manipulation of client funds and conniving practices will be laid bare, exposing the true extent of its fraudulent operation and involvement of politically and economically powerful people in Russia and Cyprus.


Complex Structure Designed to Stifle Recovery:

The leaked documents further unveil a complex structure set up by NOA Circle and QBF to thwart any attempts by investors to seek legal recourse. With multiple layers of anonymity and strategic manoeuvres, recovering funds becomes an uphill battle for unsuspecting victims.


The Human Toll: Devastating Impact on Investors:

Beyond the intricate fraud scheme, the blog post highlights the personal stories of the victims who have suffered immense financial losses due to the QBF scam. Families' life savings, dreams, and aspirations have been shattered by the callous actions of these fraudulent entities, leaving behind a trail of devastation.


A Call for Justice:

As we continue our investigation and delve deeper into the leaked documents, a more detailed report will follow, shedding light on the individuals behind this fraudulent empire and the connections that allowed them to evade detection for so long. Our mission is to bring these perpetrators to justice and to stand together with the victims, offering support, solidarity, and hope for a brighter future.


The leaked documents have opened Pandora's box, revealing the dark underbelly of the QBF scam orchestrated by NOA Circle and QBF and the cover-up input of influential and powerful people. The intentional complex multi-jurisdiction structures and plans to defraud investors designed to make a recovery and accountability of those responsible and having benefited were very difficult but are now exposed.


The fight for justice is just beginning, and we vow to continue our efforts to bring these culprits to account. Stay tuned for our comprehensive report as we uncover more shocking revelations in our quest for truth and justice.


Together, we will seek the restitution that the victims rightfully deserve, punishment of those responsible and accountability for those who helped to cover up this matter.





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KEY FACTS

VICTIMS: 2,000

ESTIMATED

LOSSES:

APPROXIMATELY

USD 550

MILLION

INFORMATION OBTAINED:

FROM COURT CASES:

​1 2 3 4 5 6 7 8 9 

SunOfJustice  Logo of qbfexposed - The S

QBF Scam Uncovered

The investment company QBF was a promising option for investors in Russia. With its Russian sister company Q.Broker LLC, Cypriot Company Constance Investment LTD, QBF promised maximum convenience, reliability, and significant authorized capital of 333 million rubles.

 

However, what was initially a promising investment opportunity for thousands of investors soon became one of Russia's most prominent financial scams. As it turned out, the company did not use the money from investors to buy shares related to IPO options, as they promised. Instead, the funds were invested in development projects of the beneficiary of the group of companies, R.V. Shpakov, and most of the client funds were withdrawn abroad.  

 

The scam was so massive that more than 2,000 investors were affected, with losses estimated at over 7 billion rubles. Despite the enormous scale of the fraud, temporary management was inactive, and no criminal case had been initiated for QBF fraud. In 2021, after the searches in the QBF group of companies, the investment company stopped paying investors the money due to them for all over-the-counter products, citing non-fulfilment of obligations on the part of Q.broker LLC.

 

Beneficiary Shpakov Roman disappeared from customers abroad. The story of QBF has attracted significant media attention in Russia. Forbes published several articles about the case, exposing the secrets of the financial pyramid and questioning the role of the Central Bank in auditing the company.

 

In November 2021, even Anastasia Volochkova, a famous Russian ballerina, became a victim of the financial pyramid, losing millions of rubles invested in QBF. Despite the attention from the media and the efforts of deceived investors to bring those responsible to justice, QBF fraud remains one of the most significant financial scams in Russia's history.

 

The story serves as a cautionary tale for investors to be vigilant and aware of the risks involved in investing their money.

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