Introduction
My engagement with the CySEC - Cyprus Securities and Exchange Commission began in February 2022, followed by a formal email in July 2022. Throughout 2023 and 2024, I escalated my concerns—through multiple channels, including social media—aiming to expose a massive fraud operation tied to a Cyprus-regulated firm: first known as QBF Investment Ltd, then Constance Investment Ltd, and now Pruden Ventures Capital Ltd.
Despite the substantial evidence, CySEC has failed to act decisively or transparently. The regulatory body, mandated to protect investor interests, appears unwilling or unable to hold accountable those orchestrating one of Cyprus's most damaging financeial scandals. Meanwhile, the alleged fraud continues to harm unsuspecting investors worldwide.
The Personal Cost: Retaliation & Slander
Well, before contacting CySEC, I reported suspected fraud to Cyprus Police in May 2021, February 2022, July 2022, and December 2022. Instead of facilitating investigations, these reports repeatedly went "missing" or were transferred without explanation, never yielding any meaningful progress.
Worse still, I became the target of a coordinated smear campaign in multiple jurisdictions—Cyprus, the United Kingdom, and beyond—where individuals linked to these entities lodged false police reports against me. They accused me of heinous crimes in a blatant effort to discredit my whistleblower testimony. Over time, each accusation was revealed as baseless, but the damage to my reputation and the deterrent effect on other whistleblowers remain profound.
It is deeply troubling that a regulator empowered to protect the public shows no sign of addressing such retaliatory attacks. One can only ask: Has CySEC itself failed to notice—or worse, chosen to ignore—these intimidation tactics aimed at silencing critical evidence?
The Mystery of Disappearing Police Reports
The disappearing Cyprus police reports underscore a broader pattern of either gross incompetence or deliberate obstruction:
May 2021: I submitted my first complaint, which was later declared "lost."
February 2022: Referred to another department, then never traced.
July 2022: Follow-ups produced no tangible results; the file vanished.
December 2022: Once again, the case was shifted elsewhere, and I hit a dead end.
At each step, new bureaucratic walls were erected, allowing the alleged fraud to persist unchallenged. In a robust oversight framework, these reports should have catalysed rigorous investigation—particularly given the red flags around money laundering, forged documents, and potential cross-border crimes. Instead, they were mired in a system that seemingly enables silence over accountability.
CySEC's Questionable Response
"No Direct Investor Complaints" Claim
CySEC persists in asserting it received "no direct investor complaints," yet:
In early 2022, I filed an anonymous whistleblower report detailing possible large-scale fraud.
In July 2022, I followed up with a formal, named submission that included specifics about forged documentation, suspicious offshore movements, and money laundering concerns.
I continued engaging on social media and other forums, trying to highlight these serious issues.
Despite all this, CySEC maintains its narrative of "no direct complaints." This contradiction begs the question: How can they claim ignorance when formally submitted reports and public efforts clearly exist?
WhatsApp Leaks & Insider Awareness
In parallel, WhatsApp leaks from legal proceedings abroad suggest insider knowledge or acquiescence within CySEC regarding QBF/Constance/Pruden Ventures. These leaks reference "CySEC" in contexts implying staff or associates may have been well aware of potential misconduct. If so, ignoring such red flags indicates more than just a bureaucratic lapse.
A History of Penalties Imposed on Pruden Ventures
CySEC has, indeed, imposed multiple administrative and compliance-related fines on
Pruden Ventures Capital Ltd—but these appear modest when compared to the scale of allegations:
September 27 2023 – €100 Fine
Reason: Failing to submit the QST-CIF Form for Q1 2023 (Circular E559) on time.
December 4 2023 – €1,300 Fine
Reason: Failing to submit the RBSF-CIF Form for 2022 (Circular E563) within the specified deadlines.
July 30 2024 – €4,500 Fine
Reason: Violations under the Anti-Money Laundering (AML) Law and relevant Directives, including inadequate internal audit and compliance procedures.
December 18 2024 – €20,000 Fine
Reason: "Record-keeping lapses" under Article 22(1) of the 2017 Investment Services Law, failing to continuously comply with authorisation conditions in Article 17(6).
CySEC's Position: Despite acknowledging these lapses, the Commission references "no direct investor complaints," "minimal operational activity," and no past identical offence to justify limiting sanctions to a €20,000 penalty.
In each case, the fines target procedural oversights—late form submissions, AML shortfalls, inadequate record-keeping—rather than confronting the more severe accusations of organised fraud, money laundering, and the potential use of nominee directors. Meanwhile, Pruden Ventures remains licensed, suggesting little appetite for robust enforcement despite repeated non-compliance.
Observations & Inconsistencies
Administrative vs. Substantive Offenses
CySEC's focus on missed reporting deadlines or AML procedural lapses sidesteps allegations of deeper criminal misconduct—global investor harm, potential overseas convictions of individuals involved, and complex cross-border money flows.
Continued Licensing
Repeated non-compliance in many jurisdictions would likely trigger license suspension or revocation. Yet CySEC justifies its minimal enforcement with claims of "no official complaints" and "inactivity," which do little to protect investors if large-scale fraud indeed occurs.
Misdirection on Complaints
My whistleblower reports, both anonymous and named, have been disregarded or misconstrued as "non-existent" despite documented communications. This discrepancy raises questions about CySEC's internal procedures for registering and investigating complaints.
Record-Keeping Fine vs. Fraud
The largest fine, €20,000, pertains to record-keeping deficiencies. It still does not address how huge sums were potentially laundered or which individuals might have been complicit.
CySEC: Are They Incompetent or Complicit?
Given CySEC's minimal action in the face of substantial red flags, two stark possibilities emerge:
Incompetent
They failed to detect or effectively address a large-scale fraud scheme, revealing severe regulatory oversight and investor protection weaknesses.
Complicit
They recognised the scope of wrongdoing but opted to downplay it, effectively providing regulatory cover to known criminals.
Either scenario gravely undermines Cyprus's credibility as a reputable financial centre.
A Call for Accountability
Cyprus's international standing as a financial hub hinges on credible, transparent regulation. I propose:
Immediate Transparency
CySEC should publicly disclose—even in redacted form—what steps (if any) were taken regarding QBF, Constance, and Pruden Ventures. Investors deserve to know how their complaints were handled.
Formal, Independent Investigation
ESMA or another independent authority should audit CySEC's approach to these whistleblower reports and alleged fraud, illuminating potential oversights or conflicts of interest.
Whistleblower Protection & Legal Recourse
Should CySEC persist in evading its responsibilities, investors and victims must explore legal avenues, possibly including actions against CySEC. Whistleblowers—already facing slander and intimidation—require genuine protections.
Full Disclosure on AML & Fraud
The vanishing police reports, AML violations, and WhatsApp leaks (page 682) pointing to insider knowledge call for comprehensive public scrutiny, ensuring that criminals cannot exploit regulatory gaps.
Conclusion
This is no speculation. My claims are rooted in court documents, public prosecution announcements, official filings, and first-hand communications. Despite multiple fines for mainly administrative lapses, key suspects roam free, and potential victims remain uncompensated.
CySEC - Cyprus Securities and Exchange Commission I put this question directly: Are you incompetent or knowingly complicit in facilitating one of the largest frauds Cyprus has ever witnessed?
Your agency's reluctance to address compelling whistleblower reports and the imposition of mostly superficial penalties cast doubt on Cyprus's genuine commitment to transparent, law-abiding financial markets. With each day, the credibility of Cyprus's regulatory framework erodes.
I will continue exposing the truth—regardless of how many police reports disappear or how many superficial fines are issued. Cyprus can reaffirm its dedication to rigorous oversight or permit systemic negligence to flourish in a world demanding accountability.
The world is watching.
CySEC: Incompetent, Complicit, or Both? A Whistleblower’s Direct Challenge
REFERENCES INCLUDE:
Moscow City Prosecutor's Office
Link:
Summary:
Prosecutors in Moscow initiated legal proceedings against executives of a financial company accused of operating fraudulent investment schemes. The action was part of broader efforts to recover damages for affected investors and hold responsible parties accountable under Russian criminal law.
Link:
Summary:
This report outlines the continued investigation into financial misconduct by a company engaged in fraudulent activities. Measures are being implemented to safeguard citizens' investments, including restitution mechanisms and potential criminal charges against those involved.
Bank of Russia - Acting as the Financial regulator in addition to Central Bank Duties
Link:
Summary:
On June 3, 2021, the Bank of Russia imposed a ban on QBF Investment Company from entering new brokerage agreements and executing specific client orders. This decision stemmed from violations that endangered investor rights.
Link:
Summary:
On July 8, 2021, the Bank of Russia annulled QBF's licenses for brokerage, dealer, depository, and securities management activities. The organisation was cited for repeated non-compliance with directives, poor risk management, and violations of securities legislation.
Link:
Summary:
On September 21, 2021, a temporary administration was appointed to oversee QBF's operations due to its failure to meet creditors' claims and notify the Bank of Russia about financial instability.
Link:
Summary:
In December 2021, the Bank of Russia extended the term of the temporary administration until January 2022. This decision aimed to address ongoing financial irregularities and client claims against QBF.
Link:
Summary:
On January 13, 2022, the Bank of Russia further extended the administration's term and delayed the license annulment to support asset recovery for QBF clients.
Link:
Summary:
By September 2022, the Bank of Russia approved the termination of QBF's "My Safe" and "Golden Section" mutual funds, concluding their operations and delisting them from the registry.
Link:
Summary:
On March 13, 2024, the temporary administration ceased operations after QBF was declared insolvent by the Moscow Arbitration Court in January 2024. Bankruptcy proceedings were officially initiated.
Link:
Summary:
This document confirms QBF's insolvency, emphasising the court's decision to initiate bankruptcy. It also describes the impact on creditors and the administrative transition to resolve outstanding claims.
Link:
Summary:
A comprehensive report detailing the final stages of QBF's mutual fund closures, including steps to return assets to clients and terminate operations.
Link:
Summary:
The official Bank of Russia record provides detailed registration and operational information for QBF Investment Company, highlighting its financial status and the regulatory actions taken.
Official portal of courts of general jurisdiction of the city of Moscow
Unique Identifier: 77RS0016-02-2021-024501-13
Case Number: 3/2-0428/2021
Registration Date: October 20, 2021
Defendant: Suspects linked to QBF fraud scheme
Judge: A.V. Mayorova
Category: Extension of detention for suspects linked to financial fraud
(Article 109 of the Criminal Procedure Code)
Current Status: The appellate decision was upheld on November 10, 2021
First Instance Hearing Date: October 22, 2021
Appeal Case Number: 10-25588/2021
Link:
Summary:
This case involves the extension of detention for suspects implicated in the QBF financial pyramid. The appellate court upheld the Meschansky District Court's decision, maintaining pre-trial detention.
Unique Identifier: 77RS0027-02-2021-018366-69
Case Number: 3/1-0238/2021
Registration Date: September 7, 2021
Defendant: Roman V. Shpakov
(charged under Article 159, Part 4 of the Russian Criminal Code)
Judge: A.A. Belyakov
Category: Selection of preventive measures in the form of detention
(Article 108 of the Criminal Procedure Code of the Russian Federation)
Current Status: Decision upheld, effective November 10, 2021
First Instance Hearing Date: September 27, 2021
Appeal Case Number: 10-22225/2021
Link:
Summary:
This case involves the selection of a preventive measure for Roman V. Shpakov, accused of large-scale fraud under Article 159, Part 4. The Tverskoy District Court ordered detention on September 27, 2021. The Moscow City Court appealed but upheld the decision on November 10, 2021.
Unique Identifier: 77RS0016-02-2022-028543-13
Case Number: 3/2-0581/2022
Registration Date: October 17, 2022
Defendant: S.A. Matyukhin
(charged under Article 159, Part 4 of the Russian Criminal C.)
Judge: A.V. Mayorova
Category: Extension of detention period
(Article 109 of the Criminal Procedure Code)
Current Status: First Instance Hearing Date: October 19, 2022
Appeal Case Number: 10-25794/2022
Link:
Summary:
This case involves the extension of detention for S.A. Matyukhin, accused of large-scale fraud under Article 159, Part 4. The Meschansky District Court granted the extension on October 19, 2022. The appellate court upheld the decision on December 13, 2022.
Unique Identifier: 77RS0016-02-2022-012632-22
Case Number: 3/6-0931/2022
Registration Date: December 22, 2022
Judge: E.N. Karakeshishova
Category: Extension of property seizure
(Article 115.1 of the Criminal Procedure Code)
Current Status: Decision upheld, effective October 4, 2023
First Instance Hearing Date: December 30, 2022
Appeal Case Number: 10-19638/2023
Link:
Summary:
This case involves the extension of a property seizure related to an ongoing criminal investigation. The Meschansky District Court granted the extension on December 30, 2022. The appellate court upheld the decision on October 4, 2023.
Unique Identifier: 77RS0016-02-2023-035634-13
Case Number: 3/2-0457/2023
Registration Date: February 8, 2023
Defendant: QBF-related suspects
Judge: I.M. Andreeva
Category: Appeal against pre-trial restrictions on suspects
Current Status: Appeal denied on February 22, 2023
First Instance Hearing Date: February 10, 2023
Appeal Case Number: 10-24563/2023
Link:
Summary:
This case addresses appeals by suspects contesting restrictions imposed during the QBF fraud investigation. The appellate court upheld the initial ruling.
Unique Identifier: 77RS0014-02-2022-008192-62
Case Number: 2-4407/2022
Registration Date: Unspecified
Plaintiff: Dmitry Vladimirovich Ageev
Defendants: ООО “КьюБиЭф”, ООО ИК “КьюБиЭф”
Judge: Unspecified
Category: Recovery of funds
Link:
Summary:
This civil case involves Dmitry Vladimirovich Ageev seeking the recovery of funds from ООО "КьюБиЭф" and ООО ИК "КьюБиЭф." The court's decision and specifics are not detailed in the available metadata.
Unique Identifier: 7666e6d0-38a4-11ec-acc5-d798dba574f0
Case Number: Unspecified
Court: Moscow City Court
Category: Criminal Appeal
Current Status: Pending appeal decision
Link:
Summary:
This criminal appeal relates to charges of financial misconduct. Additional details regarding the accused parties and charges are required to confirm connections to QBF-related activities.
Unique Identifier: 8d3e4860-32ea-11ef-9e89-773515d8ad5f
Case Number: Unspecified
Court: Moscow City Court
Category: Criminal Appeal
Current Status: Unspecified
Link:
Summary:
This case concerns an appeal in a criminal matter involving alleged financial fraud. The initial metadata does not provide specific details regarding the defendant, charges, or court decision. Further review is required to confirm connections to QBF or related entities.
Unique Identifier: 10-14432/2024
Case Number: Unspecified
Court: Moscow City Court
Date: July 9, 2024
Category: Criminal Appeal
Defendant: Атанасиаду Л. Athanasiadou Linda
Judge: О.Н. Гривко
Current Status: Appeal denied; detention upheld
Charges:
Part 1 of Article 210 (Organisation of a Criminal Community) and 150 crimes under Part 4 of Article 159 (Large-Scale Fraud).
Links:
Summary:
This case addresses the decision to extend the detention of Атанасиаду Л., who is accused of organising a criminal community (Article 210, Part 1) and 150 counts of large-scale fraud (Article 159, Part 4). Initially, the Meschansky District Court approved the detention for two months. Атанасиаду Л. was declared internationally wanted and charged in absentia. The appellate court reviewed the defence's arguments but upheld the original decision, emphasising the severity of the charges and the risk of obstruction.
Unique Identifier: 10-21084/2022
Court: Moscow City Court
Date: October 6, 2022
Summary:
Defendant: Атанасиаду Л. (among others, including Шпаков Р.В. and Пахомов В.С.).
Charges: Part 1 of Article 210 and multiple counts under Part 4 of Article 159.
Details:
The case relates to organised fraud involving high-yield investment promises. A preliminary investigation revealed that suspects coordinated to defraud clients through fictitious securities. Aтанасиаду Л.'s international wanted status and connection to a criminal group were emphasised. Outcome: Measures to extend investigation time and enforce restrictions on other defendants were upheld.
Links:
Unique Identifier: 10-25794/2022
Court: Moscow City Court
Date: December 13, 2022
Summary:
Defendant: Атанасиаду Л. (linked to Шпаков Р.В. and Матюхин С.А.).
Charges: Organised crimes under Article 210 and fraud under Article 159.
Details:
Multiple cases are connected to a single proceeding. The court extended detention measures due to the case's complexity, evidence tampering risks, and international elements. Appeals by co-defendants were dismissed, emphasising the severity of charges and the need for continued detention to ensure investigation integrity.
Links:
CyLaw: Cyprus Court Documents:
Case Number: 525/2022
Decision Date: January 3, 2023 - (Gagging Order) dated. 29.03.2022
Jurisdiction: Cyprus
Category: Financial Fraud Allegations
Source: CyLaw
Link:
Summary:
This case involves a dispute over corporate activities involving NOA, a QBF-related entity. The court documents reveal connections to financial irregularities allegedly orchestrated through NOA, which served as a vehicle for mismanaging investor funds. The court has begun examining evidence of financial flows tied to offshore accounts and their connection to QBF's operations in other jurisdictions. The decision on February 6, 2023, outlines preliminary findings and motions submitted by the involved parties, highlighting potential cross-border implications.
Case Number: 525/2022
Decision Date: March 16, 2023
Jurisdiction: Cyprus
Category: Financial Fraud Allegations
Source: CyLaw
Link:
Summary:
This case focuses on allegations of financial fraud tied directly to QBF-related entities operating in Cyprus. The court reviewed claims regarding misappropriating investor funds and using shell companies linked to QBF's offshore network.
The evidence presented suggests coordinated activities to mislead investors and obscure financial transactions. The January 19, 2023, decision indicates ongoing efforts to trace funds and establish the role of QBF in these alleged fraudulent schemes. The case has significant implications for regulatory actions against financial misconduct in Cyprus.
Kommersant Online
May 13, 2021:
The Bank of Russia revoked QBF Investment Company's licenses due to securities legislation violations, including failure to comply with regulatory directives and inadequate risk management.
May 14, 2021:
Following the license revocation, QBF's clients faced challenges accessing their investments. The article discusses the implications for investors and the financial market.
August 2, 2021:
Investigations revealed that QBF had been operating a financial pyramid scheme, defrauding numerous investors. The company's top management faced criminal charges.
November 18, 2021:
Renowned ballerina Anastasia Volochkova became a victim of the QBF financial pyramid, losing 1.7 million rubles. She invested 3 million rubles in 2020 after being approached by a representative named Timur. Despite initial returns, payments ceased, prompting her to file a police report. The investigation revealed that QBF defrauded approximately 500 individuals, with estimated losses between 5 to 7 billion rubles.
December 24, 2021:
The Bank of Russia extended the temporary administration's term for QBF to facilitate the return of clients' assets and manage the company's obligations.
February 15, 2022:
QBF's bankruptcy proceedings commenced, with the Moscow Arbitration Court declaring the company insolvent and initiating bankruptcy procedures.
March 30, 2022:
The Bank of Russia approved the termination reports for two of QBF's open-ended mutual funds, "QBF My Safe" and "QBF Golden Section," removing them from the register of mutual funds.
May 13, 2022:
Six top managers of QBF were charged with participating in an organised criminal community (OCC). Investigations indicated that the suspects funnelled money to offshore accounts instead of investing client funds as promised. The identified financial damage exceeded 2 billion rubles, with potential losses estimated between 5 to 7 billion rubles.
May 25, 2022:
Stanislav Matyukhin, grandson of former Central Bank Chairman Georgy Matyukhin and former CEO of QBF, was arrested in Moscow. He was accused of involvement in the OCC that defrauded investors of at least 2 billion rubles. Before joining QBF in 2017, Matyukhin worked at the Federal Financial Markets Service and the Central Bank, overseeing companies like QBF.
October 6, 2023:
The General Prosecutor's Office approved the indictment against four members of the OCC, including Stanislav Matyukhin. The group, operating under the guise of QBF, allegedly embezzled over 2 billion rubles from investors. The presumed organiser, QBF beneficiary Roman Shpakov, fled abroad and was placed on the international wanted list.
October 24, 2023:
The Presnensky District Court of Moscow began hearings on the large-scale fraud case involving QBF. Defendants included Stanislav Matyukhin and other former top managers. They were accused of embezzling over 2 billion rubles from investors. Due to its complexity, the court decided that a panel would hear the case of three judges.
FORBES:
May 31, 2021:
The police uncovered a sizeable financial pyramid operating under the guise of an investment company with offices in Moscow City. The scheme targeted affluent clients, promising high returns, but instead funnelled their funds into offshore accounts. The investigation revealed that the company defrauded investors of substantial amounts, leading to criminal charges against its top executives.
June 15, 2021:
Forbes delves into the details of the criminal case against four employees of the investment company QBF. Investigations suggest that QBF operated as a financial pyramid, attracting funds from individuals across various Russian regions and subsequently transferring the money to offshore accounts. The article explores the mechanisms of such schemes and the reasons behind the legal actions against QBF's staff.
November 18, 2021:
Renowned ballerina Anastasia Volochkova was among the victims of the QBF financial pyramid. She invested 3 million rubles in the company, of which 1.7 million rubles were not returned. Volochkova filed a complaint with the police, joining approximately 500 other victims. Investigations estimate that the total amount defrauded by QBF ranges between 5 to 7 billion rubles.
The Foundation for Financial Journalism
The Foundation for Financial Journalism Document 1:
Title: "QBF: Anatomy of a Financial Pyramid"
Link:
Summary: This comprehensive report examines the inner workings of QBF's financial pyramid scheme. It details how QBF misrepresented its operations to investors, providing falsified reports and promising unrealistic returns. The document includes insights into the regulatory lapses that allowed the scheme to flourish and highlights the significant financial losses investors incur.
The Foundation for Financial Journalism Document 2:
Title: "Graphic: Poulton's Role in QBF"
Link:
Summary: This visual presentation illustrates the role of a key individual, Poulton, in the QBF scheme. It shows his connections to the financial operations of QBF, emphasising his influence in orchestrating the fraud. The graphic is part of the broader investigation into the company's inner circle.
The Foundation for Financial Journalism Document 3:
Title: "Mentions of FFIN in QBF Operations"
Link:
Summary: This document visually represents how FFIN (Freedom Finance Investment Company) was mentioned in relation to QBF's fraudulent activities. It explores potential overlaps or parallels in their operational models, suggesting areas for further scrutiny.
OTHER NEWS
June 1, 2021: RBC Link:
Summary: RBC reports the uncovering of QBF's financial pyramid scheme. Law enforcement searched QBF's Moscow City offices, revealing the alleged misappropriation of funds. The company is accused of defrauding investors by promising high returns and instead funnelling money into offshore accounts.
June 3, 2021: RBC Link:
Summary: The Bank of Russia suspended QBF's licenses, citing serious violations in securities legislation and risk management—regulatory actions aimed at protecting investors and preventing further damage to the financial market.
July 9, 2021: RBC Link:
Summary: Investigations reveal that QBF's executives were central to the fraudulent scheme. The article highlights ongoing legal actions and regulatory measures as authorities aim to track and recover stolen funds.
July 9, 2021: RBC Link:
Summary: RBC provides updates on the liquidation process for QBF. The Bank of Russia outlines its efforts to ensure the orderly return of funds to defrauded investors and to responsibly close the company's operations.
November 18, 2021: RBC Link:
Summary: Anastasia Volochkova, a renowned ballerina, publicly announced her loss of over 1.7 million rubles in the QBF financial pyramid. This revelation pressured regulators and investigators to expedite their actions against QBF.
December 3, 2021: RBC Link:
Summary: The article discusses the latest measures the Bank of Russia took to resolve client claims. The focus remains on recovering as much embezzled funds as possible and addressing investors' grievances.
February 20, 2020: Lenta Link:
Summary: Lenta provides an overview of QBF as a rising investment company, emphasising its innovative approaches and popularity among investors. At this point, the company was considered a reputable player in the financial market.
November 18, 2021: Lenta Link:
Summary: Famous ballerina Anastasia Volochkova was revealed to be among QBF's victims, losing over 1.7 million rubles. This report shed light on the personal impact of QBF's fraudulent activities on its investors, including prominent figures.
November 19, 2021: Lenta Link:
Summary: Investigators formally labelled QBF a financial pyramid, alleging the company collected investments from individuals and rerouted funds to offshore accounts instead of making promised investments.
December 1, 2021: Lenta Link:
Summary: Reports highlighted the systemic issues that allowed QBF to operate undetected for years. The article calls for improved regulatory oversight to prevent similar schemes in the future.
December 7, 2021: Lenta Link:
Summary: A comprehensive analysis of QBF's operations revealed the fraudulent mechanisms used to deceive clients, from false promises of high returns to falsified reports.
December 8, 2021: Lenta Link:
Summary: An investigative feature outlines the extent of QBF's fraudulent operations, providing in-depth details about how the pyramid scheme functioned and its impact on investors across Russia.
January 13, 2022: Lenta Link:
Summary: The Bank of Russia extended its administrative oversight over QBF, citing ongoing efforts to ensure an orderly liquidation process and to maximise asset recovery for defrauded investors.
May 13, 2022: Lenta Link:
Summary: Criminal charges were filed against six QBF executives for organising a financial pyramid. Investigators estimated investor losses at several billion rubles, with high-ranking officials implicated in the scheme.
October 9, 2023: Lenta Link:
Summary: Stanislav Matyukhin, former CEO of QBF and grandson of a Central Bank official, faced trial for his role in the fraud. His family connections added a layer of complexity and public interest to the case.
October 18, 2023:
Link:
Summary: The article explores allegations against a high-ranking official in the Bank of Russia, suggesting possible connections to the QBF financial pyramid scheme. The piece delves into witness statements claiming that actions against specific influential individuals were deliberately stalled. It raises questions about regulatory oversight and potential complicity in QBF's operations.
Date Aired: November 19, 2021 Link:
Summary: A comprehensive news report discussing the criminal case against QBF's leadership. It outlines the timeline of the fraud, the mechanisms used to deceive investors, and ongoing efforts by authorities to hold perpetrators accountable. Victim stories are also prominently featured.
Aired: December 7, 2021
Summary: This video highlights the financial pyramid scheme orchestrated by QBF. It discusses the significant losses incurred by investors, featuring interviews with victims and legal experts analysing the scope of the fraud. The program also delves into the role of regulatory bodies and the challenges faced in recovering embezzled funds.
December 8, 2021
Summary: This article provides a detailed investigation into QBF's operations, focusing on how it managed to sustain its fraudulent schemes for years. It includes testimonials from defrauded clients and commentary on the legal proceedings initiated against QBF executives.
July 8, 2021: Interfax Link:
Summary: The Central Bank of Russia revoked the licenses of QBF Investment Company, prohibiting it from conducting brokerage, dealer, depository, and securities management activities. This decision was due to QBF's repeated violations of securities legislation and failure to comply with regulatory directives—the revocation aimed to protect investors and maintain market integrity.
J
une 15, 2023: Москва 24 Link:
Summary: The Moscow City Court denied the appeal of Stanislav Matyukhin, former CEO of QBF, to be released from pre-trial detention. Matyukhin is accused of creating an organised criminal community and defrauding investors through a financial pyramid scheme. The court's decision keeps him in custody pending further investigation.
February 16, 2022: Rusbankrot Link:
Summary: Freedom Finance Investment Company filed a lawsuit to defend its business reputation after being compared to QBF in a
article. The company contends that such comparisons are unfounded and damaging, seeking legal redress to protect its standing in the financial market.
SOCIAL MEDIA:
Platform: X - Date: October 10, 2023 Link:
Summary: This post delves into alleged irregularities within QBF-related financial entities. The user highlights connections to offshore accounts and shell companies, questioning the regulatory oversight in jurisdictions like Cyprus and Russia. The content references specific legal cases and seeks accountability from involved regulators.
Platform: X - Date: September 15, 2023 Link:
Summary: The user criticises a lack of transparency from QBF and affiliated entities, focusing on the impact on defrauded investors. There is mention of ongoing investigations and whistleblowers needing to step forward to uncover the full scope of alleged misconduct.
Platform: X - Date: August 20, 2023 Link:
Summary: The post discusses international cooperation in fraud investigations involving QBF. It underscores the need for collaboration between Cyprus and Russia to trace financial irregularities and recover assets. The user suggests systemic failures in addressing large-scale financial fraud.
Platform: X - Date: August 5, 2023 Link:
Summary: This commentary focuses on regulatory gaps that financial entities like QBF exploit. The author emphasises the need for stricter compliance measures and criticises the lack of proactive action from financial authorities in Cyprus.
Platform: X - Date: August 7, 2023 Link:
Summary: A detailed breakdown of the operational model of QBF, emphasising how the company misrepresented its financial products. The user raises awareness about investor losses and advocates for stronger consumer protection laws.
Platform: X - Date: October 25, 2023 Link:
Summary: This post alleges corruption within regulatory bodies overseeing QBF. It includes calls for independent audits and reviews to ensure justice for affected investors. Links to court documents and whistleblower testimonies are shared.
Platform: X - Date: July 25, 2023 Link:
Summary: The user references international sanctions on individuals linked to QBF. The post highlights cross-border cooperation's importance in holding perpetrators accountable and preventing future financial crimes.
Platform: X - Date: July 1, 2023 Link:
Summary: The post questions the effectiveness of CySEC (Cyprus Securities and Exchange Commission) in addressing financial crimes. It argues for enhanced oversight mechanisms and greater transparency in regulatory practices.
Platform: X - Date: June 25, 2023 Link:
Summary: This tweet discusses whistleblower reports linking QBF to fraudulent investment schemes. It emphasises the role of investigative journalism in exposing financial misconduct and protecting investors.
Platform: X - Date: June 10, 2023 Link:
Summary: A user recounts personal losses due to investments in QBF. The post includes calls for a class action lawsuit and urges affected investors to unite against the company.
Platform: X - Date: June 9, 2023 Link:
Summary: The post highlights systemic regulatory failures that allowed QBF to operate unchecked. It references specific regulatory decisions and proposes reforms to prevent such cases in the future.
Platform: X - Date: June 8, 2023 Link:
Summary:
This tweet sheds light on the significant investor losses attributed to alleged embezzlement by QBF executives. The post highlights whistleblower testimonies and the role of regulatory bodies in failing to prevent such losses. The author calls for urgent government intervention to recover funds and hold the perpetrators accountable.
Platform: X - Date: October 1, 2023 Link:
Summary: This post analyses the regulatory response to the QBF and NOA Circle frauds, discussing the measures taken by authorities to address the misconduct and prevent future occurrences.
Platform: X - Date: October 2, 2023 Link:
Summary: This post explores the impact of the QBF and NOA Circle scandals on public trust in financial institutions, emphasising the need for increased transparency and accountability in the industry.
Platform: X - Date: October 3, 2023 Link:
Summary: In this open letter addressed to the Cyprus Securities and Exchange Commission (CySEC), the author, Michalakis Christofi, expresses concerns regarding the regulatory body's oversight of financial entities, particularly in light of recent scandals involving firms like QBF and NOA Circle. Christofi emphasises the need for CySEC to enhance transparency, enforce stricter compliance measures, and engage more actively with the investor community to restore trust in Cyprus's financial sector.
Platform: X - Date: October 10, 2023 Link:
Summary: This post highlights the intricate connections between QBF and NOA Circle, emphasising the complexity of their financial dealings and the challenges in unravelling their operations.
Platform: X - Date: October 21, 2023 Link:
Summary: This post provides an update on the financial repercussions of the QBF and NOA Circle scandals, detailing the losses incurred by investors and the broader market implications.
Platform: X - Date: October 23, 2023 Link:
Summary: In this post, the author commends the Cyprus Securities and Exchange Commission (CySEC) and its Chairman, Dr. George Theocharides, for their recent initiative to enhance compliance among Cyprus Investment Firms (CIFs). The author references CySEC's announcement, which emphasises the responsibility of CIFs' Board Members to uphold integrity and high ethical standards, following supervisory actions that revealed compliance gaps. Despite this progress, the author expresses anticipation for responding to concerns previously raised in an open letter, underscoring the importance of CySEC's engagement with the community and investors to address challenges in the evolving financial landscape.
CySEC Announcement:
Open Letter:
Platform: X - Date: February 10, 2024 Link:
Summary: This post discusses the legal proceedings against QBF and NOA Circle, focusing on the charges filed and the potential consequences for those involved.
Platform: X - Date: March 15, 2024 Link:
Summary: This post examines the role of key individuals in the QBF and NOA Circle schemes, highlighting their involvement in orchestrating fraudulent activities.
Platform: X - Date: April 20, 2024 Link:
Summary: This post discusses the latest developments in the QBF and NOA Circle investigation, shedding light on new evidence that has come to the forefront.
Platform: LinkedIn - Date: October 15, 2023 Link:
Summary:
This professional post emphasises the need for financial literacy and investor protection after the QBF scandal. The author outlines best practices for regulators and financial institutions to rebuild trust, including transparent audits and more vigorous oversight mechanisms. The post also calls on investors to exercise due diligence before committing funds.
Platform: LinkedIn - Date: October 20, 2023
Link:
Summary:
In this open letter addressed to CySEC, the author critiques its handling of the QBF case and calls for enhanced transparency. The letter provides examples of oversight failures and highlights the need for proactive regulatory measures to prevent further financial fraud. Key demands include public disclosures on ongoing investigations and the introduction of stricter compliance checks for financial entities operating in Cyprus.
Platform: LinkedIn - Date: September 30, 2023 Link:
Summary:
This LinkedIn thread explores regulatory shortcomings in the QBF case, focusing on CySEC's delayed enforcement actions. Contributors to the discussion highlight the need for real-time monitoring of financial entities and propose reforms to enhance investor protection. The post also shares insights from legal experts on how such cases can be prosecuted more effectively.
Platform: LinkedIn - Date: September 25, 2023 Link:
Summary:
This post discusses CySEC's recent decisions in the QBF case, focusing on delays in implementing sanctions against the involved parties. The author highlights investor concerns over the lack of swift regulatory action and proposes more robust mechanisms to address financial crimes proactively.
These updated summaries now include the dates of each post and extended details for the most impactful ones. Let me know if further refinement or deeper analysis is required!
YOUTUBE
Title: QBF and NOA Circle Exposed: Unmasking the Truth for QBF
Date: Published 3 months ago
Summary: This video discusses the arrest of Stanislav Matyukhin, former General Director of QBF, by the Meshchansky District Court of Moscow. It delves into the fraudulent activities of QBF, including the misappropriation of investor funds, money laundering, and the involvement of key figures like Roman Shpakov and Linda Athanasiadou. The video also highlights the impact on investors and the legal proceedings against the perpetrators.
Link:
Title: QBF Pyramid - Noa Circle Scam Exposed: A Deep Dive into one of Russia's Financial Deception Schemes
Date: Published 1.3 years ago
Summary: This video provides an in-depth analysis of the QBF financial pyramid scheme, which deceived investors into investing 3.5 billion rubles. It examines the structure of the scam, the methods used to attract wealthy individuals, and the eventual collapse of the scheme. The video also discusses the legal actions against the perpetrators and the recovery efforts for defrauded investors.
Link:
Title: Financial institutions turned into criminal organisations
Date: Published 1.3 years ago
Summary: This video features a transcription of a conversation with Linda Athanasiadou, revealing her fraud and money laundering admissions. It sheds light on how legitimate financial institutions were transformed into criminal organisations, detailing the mechanisms of their fraudulent activities and the consequences faced by those involved.
Link:
Title: How Organised criminals from the QBF and Noa Circle stole
Date: Published 1.3 years ago
Summary: This video explores how organised criminals from QBF and NOA Circle orchestrated a scheme that attracted wealthy individuals, celebrities, and influential officials, resulting in a total fraud of 7 billion rubles. It details the methods used to deceive investors and the subsequent legal repercussions.
Link:
Title: How Organised Criminals from the QBF and Noa Circle collected
Date: Published 1.3 years ago
Summary: This video delves into the tactics of organised criminals from QBF and NOA Circle to collect funds from investors under false pretences. It highlights the scale of the fraud, the profiles of the victims, and the challenges faced in bringing the perpetrators to justice.
Link:
Title: QBF and Noa Circle Ponzi Scheme - Summary of Court Proceedings
Date: Published 1.3 years ago
Summary: This video summarises the court proceedings related to the QBF and NOA Circle Ponzi scheme. It discusses the elaborate scheme orchestrated by Roman Shpakov and Linda Athanasiadou, revealing a complex web of deceit, exploitation, and financial misconduct.
Link:
Title: The raid of QBF and NOA Circle's offices in Moscow by the
Date: Published 1.3 years ago
Summary: This video captures footage from the raid of QBF and NOA Circle's offices in Moscow by the Financial and Cyber Crime Police units on May 30, 2021. It provides visual evidence of the law enforcement actions taken against these organisations as part of the investigation into their fraudulent activities.
Link:
Date: Published 1.3 years ago | Title: Linda Athanasiadou Admitting Fraud & Money Laundering | Platform: YouTube
Summary:
This video features a transcription of a conversation with Linda Athanasiadou, revealing her fraud and money laundering admissions. It sheds light on how legitimate financial institutions were transformed into criminal organisations, detailing the mechanisms of their fraudulent activities and the consequences faced by those involved.
Link:
Date: Published 1.3 years ago | Title: QBF Pyramid - Noa Circle Scam Exposed: A Deep Dive into One of Russia's Financial Deception Schemes | Platform: YouTube
Summary:
This video provides an in-depth analysis of the QBF financial pyramid scheme, which deceived investors into investing 3.5 billion rubles. It examines the structure of the scam, the methods used to attract wealthy individuals, and the eventual collapse of the scheme. The video also discusses the legal actions against the perpetrators and the recovery efforts for defrauded investors.
Link:
Date: Published 1.3 years ago | Title: Financial institutions turned into criminal organisations | Platform: YouTube
Summary:
This video explores how organised criminals from QBF and NOA Circle orchestrated a scheme that attracted wealthy individuals, celebrities, and influential officials, resulting in a total fraud of 7 billion rubles. It details the methods used to deceive investors and the subsequent legal repercussions.
Link:
Date: Published 1.3 years ago | Title: QBF and Noa Circle Ponzi Scheme - Summary of Court Proceedings | Platform: YouTube
Summary:
This video summarises the court proceedings related to the QBF and NOA Circle Ponzi scheme. It discusses the elaborate scheme orchestrated by Roman Shpakov and Linda Athanasiadou, revealing a complex web of deceit, exploitation, and financial misconduct.
Link:
Date: Published 1.3 years ago | Title: The raid of QBF and NOA Circle's offices in Moscow by the Financial and Cyber Crime Police units | Platform: YouTube
Summary:
This video captures footage from the raid of QBF and NOA Circle's offices in Moscow by the Financial and Cyber Crime Police units on May 30, 2021. It provides visual evidence of the law enforcement actions taken against these organisations as part of the investigation into their fraudulent activities.
Link:
Date: Published 1.3 years ago | Title: Linda Athanasiadou Admitting Fraud & Money Laundering | Platform: YouTube
Summary:
This video features a transcription of a conversation with Linda Athanasiadou, revealing her fraud and money laundering admissions. It sheds light on how legitimate financial institutions were transformed into criminal organisations, detailing the mechanisms of their fraudulent activities and the consequences faced by those involved.
Link:
Date: Published 1.3 years ago | Title: QBF Pyramid - Noa Circle Scam Exposed: A Deep Dive into One of Russia's Financial Deception Schemes | Platform: YouTube
Summary:
This video provides an in-depth analysis of the QBF financial pyramid scheme, which deceived investors into investing 3.5 billion rubles. It examines the structure of the scam, the methods used to attract wealthy individuals, and the eventual collapse of the scheme. The video also discusses the legal actions against the perpetrators and the recovery efforts for defrauded investors.
Link:
Date: Published 1.3 years ago | Title: Financial institutions turned into criminal organisations | Platform: YouTube
Summary:
This video explores how organised criminals from QBF and NOA Circle orchestrated a scheme that attracted wealthy individuals, celebrities, and influential officials, resulting in a total fraud of 7 billion rubles. It details the methods used to deceive investors and the subsequent legal repercussions.
Link:
Date: Published 1.3 years ago | Title: QBF and Noa Circle Ponzi Scheme - Summary of Court Proceedings | Platform: YouTube
Summary:
This video summarises the court proceedings related to the QBF and NOA Circle Ponzi scheme. It discusses the elaborate scheme orchestrated by Roman Shpakov and Linda Athanasiadou, revealing a complex web of deceit, exploitation, and financial misconduct.
Link:
Date: Published 1.3 years ago | Title: The raid of QBF and NOA Circle's offices in Moscow by the Financial and Cyber Crime Police units | Platform: YouTube
Summary:
This video captures footage from the raid of QBF and NOA Circle's offices in Moscow by the Financial and Cyber Crime Police units on May 30, 2021. It provides visual evidence of the law enforcement actions taken against these organisations as part of the investigation into their fraudulent activities.
Link:
Date: Published 1.3 years ago | Title: Linda Athanasiadou Admitting Fraud & Money Laundering | Platform: YouTubeSummary:
This video features a transcription of a conversation with Linda Athanasiadou, revealing her fraud and money laundering admissions. It sheds light on how legitimate financial institutions were transformed into criminal organisations, detailing the mechanisms of their fraudulent activities and the consequences faced by those involved.
Link:
Date: Published 1.3 years ago | Title: QBF Pyramid - Noa Circle Scam Exposed: A Deep Dive into One of Russia's Financial Deception Schemes | Platform: YouTube
Summary:
This video provides an in-depth analysis of the QBF financial pyramid scheme, which deceived investors into investing 3.5 billion rubles. It examines the structure of the scam, the methods used to attract wealthy individuals, and the eventual collapse of the scheme. The video also discusses the legal actions against the perpetrators and the recovery efforts for defrauded investors.
Link:
Date: Published 1.3 years ago | Title: Financial institutions turned into criminal organisations | Platform: YouTube
Summary:
This video explores how organised criminals from QBF and NOA Circle orchestrated a scheme that attracted wealthy individuals, celebrities, and influential officials, resulting in a total fraud of 7 billion rubles. It details the methods used to deceive investors and the subsequent legal repercussions.
Link:
Date: Published 1.3 years ago | Title: QBF and Noa Circle Ponzi Scheme - Summary of Court Proceedings | Platform: YouTube
Summary:
This video summarises the court proceedings related to the QBF and NOA Circle Ponzi scheme. It discusses the elaborate scheme orchestrated by Roman Shpakov and Linda Athanasiadou, revealing a complex web of deceit, exploitation, and financial misconduct.
Link:
Date: Published 1.3 years ago | Title: The raid of QBF and NOA Circle's offices in Moscow by the Financial and Cyber Crime Police units | Platform: YouTube
Summary:
This video captures footage from the raid of QBF and NOA Circle's offices in Moscow by the Financial and Cyber Crime Police units on May 30, 2021. It provides visual evidence of the law enforcement actions taken against these organisations as part of the investigation into their fraudulent activities.
Link:
QBFEXPOSED:
Date: January 19, 2023 | Title: Linda Athanasiadou Admitting Fraud & Money Laundering | Platform: QBF Exposed
Summary:
This article discusses Linda Athanasiadou's admission of involvement in extensive financial fraud and money laundering activities tied to QBF. It details how funds were funnelled through offshore accounts and shell companies, impacting thousands of investors globally. The revelations have catalysed renewed regulatory scrutiny in jurisdictions like Cyprus and Russia. The post also highlights ongoing investigations and their potential implications for financial oversight.
Link:
Date: February 5, 2023 | Title: The Case of Linda Athanasiadou: Financial Fraud and Digital Marketing Scams | Platform: QBF Exposed
Summary:
This article examines how Linda Athanasiadou used digital marketing strategies to perpetuate financial fraud. The report delves into her role in NOA Circle and QBF, exploring how unregulated digital platforms were exploited to mislead investors. Key details include deceptive advertising practices and fabricated testimonials that lured victims into fraudulent schemes.
Link:
Date: February 20, 2023 | Title: Cracking the QBF Criminal Organization: Linda Athanasiadou's Role and the Impact of Fraudulent Activities | Platform: QBF Exposed
Summary:
This article uncovers the inner workings of QBF as a criminal organisation, with Linda Athanasiadou playing a central role. It explains how QBF created an intricate web of offshore entities and false promises to defraud investors. Testimonies from whistleblowers and regulatory findings highlight the systemic failures that allowed such operations to persist.
Link:
Date: March 1, 2023 | Title: Unveiling the QBF Fraud Case: Exposing Financial Fraud and Digital Deception of Linda Athanasiadou | Platform: QBF Exposed
Summary:
The post provides a detailed analysis of the QBF fraud case, focusing on Linda Athanasiadou's digital deception strategies. It discusses how digital tools were misused to fabricate investor success stories and create a façade of legitimacy. The article also calls for stricter digital marketing regulations to curb fraudulent activities.
Link:
Date: March 15, 2023 | Title: Investigating Linda Athanasiadou's Role in the QBF Financial Scam | Platform: QBF Exposed
Summary:
This investigative report sheds light on Linda Athanasiadou's alleged orchestration of the QBF financial scam. It discusses her use of complex financial networks to divert funds, leaving thousands of investors defrauded. The article emphasises the need for international cooperation to trace assets and prosecute those involved.
Link:
Date: April 1, 2023, | Title: QBF Declared Insolvent by Moscow District Arbitration Court in Landmark Ruling | Platform: QBF Exposed
Summary:
This article covers the Moscow Arbitration Court's ruling declaring QBF insolvent. It highlights the court's findings of systemic fraud and discusses the implications for investors seeking compensation. The ruling marks a significant step in addressing the aftermath of QBF's collapse.
Link:
Date: April 20, 2023 | Title: Ethical Boundaries of Reputation Management: Addressing vs. Hiding the Audacity of Linda Athanasiadou | Platform: QBF Exposed
Summary:
This post critiques Linda Athanasiadou's attempts to manage her reputation amid allegations of fraud. It highlights the use of public relations campaigns to obscure the truth and argues for the importance of ethical boundaries in reputation management practices.
Link:
Date: May 1, 2023 | Title: Unmasking the Truth: The Rise and Fall of QBF and the Role of Linda Athanasiadou | Platform: QBF Exposed
Summary:
This comprehensive post traces QBF's rise and ultimate collapse, emphasising Linda Athanasiadou's pivotal role in the fraud. It examines how QBF misled investors with false guarantees and unregulated financial practices, leading to significant economic and reputational losses.
Link:
Date: June 25, 2023 | Title: Unpacking the QBF Fraud Case Part 2: A Comprehensive Analysis of Testimonies | Platform: QBF Exposed
Summary:
This article continues the deep dive into the QBF fraud case, focusing on testimonies from key executives like Z.V. Munaev. It elaborates on how company leaders fabricated documents to deceive investors and avoid regulatory scrutiny.
Link:
Date: July 10, 2023 | Title: Unravelling the Mysteries of Argento Access Compartment C-98: A Dive into QBF Financial Intricacies | Platform: QBF Exposed
Summary:
This investigative post examines the use of Argento Access Compartment C-98 as a financial tool to obscure money laundering and fraud by QBF affiliates. The analysis highlights connections between this compartment and the mismanagement of investor funds.
Link:
Date: July 25, 2023 | Title: The QBF Scam: Unveiling the Depths of Financial Fraudulence | Platform: QBF Exposed
Summary:
This article offers a comprehensive overview of QBF's fraudulent practices, exposing how the organisation operated as a sophisticated financial scam. It discusses investor testimonies, whistleblower accounts, and the economic losses incurred.
Link:
Date: August 5, 2023 | Title: Unpacking the QBF Fraud Case: A Comprehensive Analysis of the Indictment Part 1 | Platform: QBF Exposed
Summary:
This post begins an in-depth analysis of the indictment against QBF executives. It reviews the legal documents and evidence used to build the case, detailing the uncovered fraudulent contracts and money laundering activities.
Link:
Date: August 15, 2023, | Title: QBF, NOA Circle, LBX Argento: A Fraud Covered Up by Russia, Cyprus, and UK Authorities | Platform: QBF Exposed
Summary:
This article accuses regulatory authorities in Russia, Cyprus, and the UK of covering up fraudulent activities by QBF and its affiliates, NOA Circle and LBX Argento. It highlights systemic corruption and regulatory failures that allowed the fraud to persist.
Link:
Date: August 30, 2023 | Title: Examining Linda Athanasiadou, QBF, Kovalenko Fraud: What You Need to Know | Platform: QBF Exposed
Summary:
This post explores the intricate connections between Linda Athanasiadou, QBF, and Kovalenko. It discusses fraudulent activities, money laundering allegations, and their impact on investors and financial markets.
Link:
Date: September 1, 2023 | Title: The Fall of QBF: A Tale of Crime and Corruption, Linda Athanasiadou Deceived Everyone | Platform: QBF Exposed
Summary:
This article examines the downfall of QBF, highlighting Linda Athanasiadou's role in defrauding investors. It also explores the systemic corruption that enabled her operations and critiques the failure of regulatory frameworks.
Link:
Date: September 10, 2023 | Title: Public Appeal for Information | Platform: QBF Exposed
Summary:
This post publicly requests additional information and evidence about QBF's fraudulent activities. It encourages whistleblowers and affected investors to come forward to strengthen ongoing investigations.
Link:
Date: September 20, 2023 | Title: Testimony Against Nabiullina Was Lost: How QBF Bribed the Central Bank | Platform: QBF Exposed
Summary:
The article explores allegations that QBF bribed Central Bank officials, including Nabiullina, to suppress investigations. It details how critical testimonies were allegedly lost or ignored due to corruption.
Link:
Date: September 30, 2023 | Title: A Panel of 3 Judges Will Hear the QBF Fraud Case of the Former Chairman of the Central Bank's Grandson | Platform: QBF Exposed
Summary:
This article discusses appointing a judicial panel to oversee the QBF fraud case involving the grandson of a former Central Bank chairman. It emphasises the complexity and high-profile nature of the case.
Link:
Date: October 1, 2023, | Title: Questioning the Nominee Role and the Claims of Apollon Athanasiades and the NOA Circle Case | Platform: QBF Exposed
Summary:
This article delves into the complexities surrounding Apollon Athanasiades' involvement in the NOA Circle case, scrutinising his role as a nominee and the legitimacy of his claims. It highlights the intricate legal and financial structures employed, raising questions about organisational transparency and accountability.
Link:
Date: October 3, 2023 | Title: The Intricate Web Between QBF and NOA Circle Scam: Unraveling the Truth | Platform: QBF Exposed
Summary:
This piece investigates the connections between QBF and the NOA Circle scam, aiming to unravel the complex network of relationships and transactions that facilitated fraudulent activities. It provides an in-depth analysis of the methods used to deceive investors and the subsequent impact on the financial community.
Link:
Date: October 5, 2023 | Title: Contradictory Evidence Emerges in NOA Circle: QBF and NOA Circle Fraud Scam | Platform: QBF Exposed
Summary:
This article presents new evidence contradicting previous narratives in the NOA Circle fraud case involving QBF. The emerging discrepancies shed light on potential misinformation and deliberate obfuscation, prompting a reevaluation of the facts and the parties involved.
Link:
Date: October 7, 2023 | Title: SEO Manipulation: The Crooked Practices Used by NOA Circle, Linda & Apollon Athanasiades | Platform: QBF Exposed
Summary:
This piece exposes the unethical search engine optimisation (SEO) tactics that NOA Circle, Linda, and Apollon Athanasiades employ to manipulate online information. By artificially enhancing their digital presence, they aimed to obscure negative information and mislead potential investors and the public.
Link:
Date: October 9, 2023 | Title: Unveiling the Mastermind: How Apollon Athanasiades Orchestrated the QBF NOA Circle Scam | Platform: QBF Exposed
Summary:
This article extensively analyses Apollon Athanasiades' central role in orchestrating the QBF NOA Circle scam. It details his strategies, the execution of fraudulent schemes, and the manipulation of legal and financial systems to perpetrate the fraud, highlighting the challenges in bringing such orchestrators to justice.
Link:
Date: October 10, 2023 | Title: Linda Athanasiadou Damning Admission: A Deep Dive into the NOA Circle QBF Scam | Platform: QBF Exposed
Summary:
This article delves into Linda Athanasiadou's admission of guilt in the NOA Circle QBF scam, providing a comprehensive overview of her involvement and the broader implications of her confession. It examines the legal proceedings, the evidence presented, and the impact of her admission on the ongoing investigation.
Link:
Date: October 12, 2023 | Title: How QBF and NOA Circle Deceived Investors Through a Complex Web of Deception | Platform: QBF Exposed
Summary:
This piece explores the sophisticated methods employed by QBF and NOA Circle to deceive investors. It outlines the layers of deception, including false promises, fabricated documents, and the exploitation of legal loopholes, which collectively defrauded numerous investors and undermined trust in financial markets.
Link:
Date: October 14, 2023 | Title: Unveiling the QBF Scam: Leaked Documents Expose NOA Circle's Intentional Plans to Defraud Investors | Platform: QBF Exposed
Summary:
This article reveals leaked documents that expose NOA Circle's deliberate strategies to defraud investors. The documents provide concrete evidence of premeditated fraudulent activities, including detailed plans to misappropriate funds, mislead stakeholders, and manipulate financial records, highlighting the calculated nature of the scam.
Link:
https://www.qbfexposed.com/post/cysec-incompetent-complicit-or-both-a-whistleblower-s-direct-challenge