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 EXPOSING 

 QBF & NOA CIRCLE 

This website aims to provide comprehensive, translated coverage of the QBF scam and its impact on investors and citizens. It also presents information on the European money mules and the 'advisors' who supported the fraudsters to deceive investors and launder their money. 

 

The website will include references to court hearings, news articles, and other relevant sources to provide a complete picture of the case.

Please get in touch with us if you believe that information or any references are displayed on this website. We should be able to either remove and correct any inaccurate data or provide you with copies of information, and court references backing the references made on the website.

The Hard Truth

OVER VICTIMS

2000

AT LEAST 

USD $250 million

WERE STOLEN

AT LEAST 

10 COVER-UP ATTEMPTS IN 3 COUNTRIES

PEOPLE INVOLVED IN 
THE SCAM HIDING
OVERSEAS

Roman Shpakov Valerievich 

FOUNDER OF THE SCHEME

Founder of the Ponzi Pyramid Scheme  financial group QBF,

Shpakov Roman Valerievich (Shpakov Roman) QBF FRAUDSTER WANTED INTERNATIONALLY
Dmitry Lepeshkin - Partner - NOA Circle Scammer, Fraudster

Dmitry (Dima) Lepeshkin Sergeevich

NOA CIRCLE AND CONSTANCE DIRECTOR - BELIEVED TO BE PART OF THE TEAM RESPONSIBLE FOR THE OFFSHORE BANKING AND MONEY LAUNDERING OPERATIONS  

Linda Athanasiadou

CO-FOUNDER OF THE SCHEME

 

BELIEVED TO BE RESPONSIBLE FOR SETTING UP THE OFFSHORE COMPANIES AND BANKING CARRYING THE MONEY LAUNDERING OPERATIONS.

Known also as Linta Athanasiades, Linda Athanasiadis, Linda Kovalenka

Linda Kovalevskaya (Linda/Linta Athanasiadou, Linda/Linta Athanasiades Torres, Linda Kovalenka) fraudster, scammer QBF SCAM, NOA CIRCLE
Asanasiades Apollo (Apollon Athanasiades) ATHANASIADIS SCAM, FRAUD

Apollon Nicolas 
Athanasiades

BELIEVED TO BE RESPONSIBLE FOR PLANNING AND STRUCTURING THE OPPERATIONS AND HOW THE PONZI SCAM WAS OPPERATING. 

BELIEVED TO BE OVERSEING THE  FOR PLANNING AND STRUCTURING THE OPPERATIONS AND HOW THE PONZI SCAM WAS OPPERATING. 

Accuracy of Information:

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 Zelimkhan Munayev was sentenced for fraud committed by an organized group, on a particularly large scale.
21 September 2023

Presnensky District Court of the city of Moscow issued a guilty verdict in a criminal case against a 32-year-old resident of the capital, Zelimkhan Munayev. He was convicted under Part 2 of Art. 210 of the Criminal Code of the Russian Federation (participation in a criminal association (criminal organisation) and Part 4 of Art. 159 of the Criminal Code of the Russian Federation (fraud committed by an organised group on a particularly large scale).

The indictment in the criminal case was approved by the Prosecutor General's Office of the Russian Federation.

It was established that in the period from June 2012 to May 2021, Munayev, together with his accomplices, whose criminal case was separated into separate proceedings, was part of a criminal association organised on the basis of the KBB group of companies.

Munayev, together with other members of the criminal association, organised the signing of agreements with victims on behalf of affiliated foreign legal entities on direct access to the securities market. At the same time, the attackers misled citizens about the legality of activities related to securities transactions, as they did not have a mandatory license issued by the relevant authorised body.

Uninformed victims, believing that they invested their money for profit, concluded trust management contracts and deposited money in cash and non-cash methods.

Munayev, together with his accomplices, having the opportunity to dispose of the funds of the victims, used them not for the purposes specified in the contract but were kidnapped.

As a result of the criminal activities of Munayev and his accomplices, depositors' money in the amount of over 1 billion 238 million rubles were stolen.

The criminal case against the organiser of the criminal association has been separated into separate proceedings in connection with his being on the international wanted list.

Taking into account the position of the state prosecutor of the Presnenskaya inter-district prosecutors office, the court sentenced Munayev to 8 years of imprisonment in a general-regime correctional colony.

Sources: 

Prosecutor's Office of the Russian Federation - Central Federal District MOSCOW

Federal Bailiff Service 

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