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21 Jul 2023

Exclusive Podcast: Inside the QBF Scam with IvankaTSQ - Unreleased Material and Insider Accounts from Ex-NOA CIRCLE Employees

Unreleased Material and Insider Accounts from Ex-NOA CIRCLE Employees

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Exclusive Podcast: Inside the QBF Scam with IvankaTSQ - Unreleased Material and Insider Accounts from Ex-NOA CIRCLE Employees

13 May 2022

OPS Emerges in Moscow City - QBF Top Managers Accused of Severe Crimes"  by Oleg Rubnikovich May 13 2022.

QBF & Noa Circle Top Managers Accused of Severe Crimes

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OPS Emerges in Moscow City - QBF Top Managers Accused of Severe Crimes"  by Oleg Rubnikovich May 13 2022.

1 Jun 2021

The financial pyramids reminded me of themselves
What signs of fraud were seen in the work of the QBF investment company

What signs of fraud were seen in the work of the QBF investment company

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The financial pyramids reminded me of themselves What signs of fraud were seen in the work of the QBF investment company

30 May 2021

Investments Transferred Offshore: Police Uncover Financial Pyramid - Oleg Rubnikovich May 30, 2021, 10:56 PM - Kommersant

Investments Transferred Offshore: Police Uncover Financial Pyramid

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Investments Transferred Offshore: Police Uncover Financial Pyramid - Oleg Rubnikovich May 30, 2021, 10:56 PM - Kommersant

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in development projects of the beneficiary of the group of companies, R.V. Shpakov, and most of the client funds were withdrawn abroad.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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