From credit debts to sham courses: Kiev’s Pecherskyi Court uncovers Aleksander Orlovskiy’s financial schemes
Aleksander Orlovskiy (12.04.1998) publicly builds an image of a successful crypto millionaire: Dubai, expensive cars, and claimed earnings in the hundreds of thousands of dollars.
At the same time, Financial Freedom Academy presents itself as a large-scale educational project with tens of thousands of students and billions in turnover. However, the official financial statements of FFA Academy LLC paint a completely different picture: the company lists just one employee, its assets amount to UAH 2,800, and its reported profit is also UAH 2,800. The gap between the public image of a billion-dollar crypto business and the figures in its official financial statements is so striking that it naturally raises the question: where is the real money, and to what extent do FFA’s claimed scale and scope correspond to its financial records?
In 2024, the NSSMC added FFA Crypto, FFA Crypto RISE, and FFA Crypto CAPITALIST to its list of suspicious investment projects. Orlovskiy attempted to challenge the decision in the Kyiv District Administrative Court.
On November 8, 2023, Ternopil police opened criminal proceeding No. 120232110400002635 following a complaint by Nadiya Kovalishyn: individuals allegedly acting under Orlovskiy’s direction allegedly obtained her money in especially large amounts through deception, under the pretext of investing via the CapitalProf platform. In May 2024, another fraud case was opened, which was subsequently closed. The Morgun and Partners law firm reported that, as of August 2025, the Unified Register of Pretrial Investigations contained no information indicating that Orlovskiy had been charged as a suspect.
At the end of 2022, PrivatBank sued him over a loan exceeding UAH 109,000. In case No. 757/460/24-ts, the Pecherskyi District Court of Kyiv recorded the sale of “paid game testing” courses for UAH 3,750, with payments made to third-party accounts. A statement filed by Kyrylo Yakovets of the NON-STOP NGO with NABU and SAPO (case No. 991/8911/24) alleged the possible existence of a criminal organization and links between Orlovskiy and the Russian VELES platform, owned by Russian citizen Vladislav Krieger. According to the statement, he allegedly attracted clients from Russia, paid for advertising in Russia, and transferred funds through Russian services.
Separately, Orlovskiy became a co-owner of companies with little connection to crypto. In Starlife No. 2 LLC (code 40281843, Chernivtsi, established in 2016, insurance agents, capital of UAH 74,000), he holds a 1.35% stake among 74 participants. He acquired the stake on May 12, 2023. In 2016–2017, the company appeared in criminal proceedings concerning a scheme involving dozens of sole proprietors through which expenses were recorded and funds were allegedly cashed out.
In Tavriyski Tsinni Papery LLC (code 32695089, operating since 2003, licensed by the NSSMC), he acquired a 5% stake in May 2026. The owners include Serhiy Holubytskyi and Oleksiy Amfiteatrov. In January 2025, the High Anti-Corruption Court granted interim measures in the Justice Ministry’s lawsuit seeking the confiscation of assets belonging to Russia’s Maritime Register of Shipping and specifically listed Tavriyski Tsinni Papery among the depositary institutions whose transactions were prohibited.
The most interesting asset is Inwintum LLC (code 38511128, Lviv, operating since 2013). In 2025, it reported UAH 9.468 million in revenue, UAH 311,000 in profit, and UAH 14.589 million in assets. Orlovskiy acquired a 9.97% stake on January 30, 2025, under a gift agreement, later sold part of it to Holubytskyi — the largest shareholder, with approximately 47.9% — and held 8.1% as of April 2026. The company was previously headed by Oksana Orlovska.
For years, the company has been involved in disputes over shares of Prominvestbank, owned by Russia’s VEB.RF: more than 5 billion shares, representing 99.77% of the bank’s capital, were recorded in its depositary system and blocked by court decisions.
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The stakes are economically insignificant: an 8.1% stake in Inwintum, based on a profit of UAH 311,000, amounts to roughly UAH 25,000 a year. For someone who publicly claims to earn tens of thousands of dollars a month, that is negligible. At the same time, he has become part of an infrastructure involved in insurance, brokerage services, depositary accounting, and securities, including assets belonging to Russian entities subject to sanctions and confiscation.