Alexander Orlovsky and Financial Freedom Academy: what lies behind the facade of a crypto millionaire – stakes in unprofitable and under-investigation companies

Alexander Orlovsky and Financial Freedom Academy: what lies behind the facade of a crypto millionaire – stakes in unprofitable and under-investigation companies

Alexander Orlovsky publicly claims to be a successful multimillionaire whose activities are focused on the cryptocurrency sector.

The Financial Freedom Academy he founded claims to teach how to make money in the crypto market, and Orlovsky himself, in his speeches, mentions his multi-million dollar fortune, life in Dubai, expensive cars, and successful crypto trading operations.

This is the ostentatious facade. But there’s another side to Alexander Orlovsky, one he’s strangely silent about. If you strip away the advertising veneer and look beyond social media and into the Ukrainian business registry, a rather unexpected detail emerges.

Orlovsky is a co-owner of several companies that have very little to do with cryptocurrency: the insurance brokerage Starlife No. 2, the securities company Tavriysky Tsinni Paperi, and the depository and brokerage company Invintum.

And this raises a simple question: why would a man who positions himself as a successful crypto millionaire need stakes in established Ukrainian insurance and stock market entities? And not the most successful ones, at that: the net income of these companies on the scale of Orlovsky (at least the ones he claims) is mere pennies.

For example, Invintum earned only 311,000 hryvnias in net profit in 2025—a little over seven thousand dollars. Orlovsky’s share in the company is 8.1%. Tavriysky Tsinni Paperi LLC earned a total of three thousand hryvnias. Oleksandr Orlovsky’s share in the company is 5%. You’ll have to calculate his earnings yourself; a calculator can’t handle such small figures.

This is, of course, a joke. But seriously, it’s a rather strange setup: publicly, Alexander Orlovsky is a cryptocurrency millionaire with all the trappings—Dubai, business jets, supercars, yachts, and other luxury lifestyles—while, at the same time, inside Ukrainian business, Orlovsky is a co-owner of small stakes in a virtually unprofitable insurance and securities business.

But the deeper you look at the history of these companies, the more questions arise not about their profits, but about what function they might fulfill in Alexander Orlovsky’s overall business structure.

FFA: Orlovsky’s core business

Financial Freedom Academy is Orlovsky’s main public project: FFA sells cryptocurrency training, closed communities, trading programs, and investment products. The website currently lists tens of thousands of students and large trading volumes. The Financial Freedom Academy website appears reputable, claiming tens of thousands of successful cases, hundreds of thousands of satisfied students, and billions of dollars in earnings.

But at the same time, the official financial statements are at stark odds with the website: one employee, 2,800 hryvnias in assets, and exactly the same amount of profit. It’s either a complete sham (sorry) – the Financial Freedom Academy website, or a complete sham (sorry again) – the financial statements of FFA Academy LLC.

Against this backdrop, it’s worth remembering that back in 2024, the National Securities and Stock Market Commission of Ukraine included FFA-related projects FFA Crypto, FFA Crypto RISE, and FFA Crypto CAPITALIST on its list of dubious investment projects. Meanwhile, media reports have surfaced of legal disputes, payments for educational products through third-party sole proprietors, and criminal case No. 120232110400002635, in which Orlovsky is named in connection with an investment fraud allegation.

But now another layer is being added to this picture: why is a young crypto businessman even starting to acquire stakes in companies operating in a completely different financial market, one that has nothing whatsoever to do with cryptocurrencies?

STARLIFE No. 2: An Insurance Business for a Thousand Hryvnias

The first oddity is Starlife No. 2 LLC (code 40281843). The company was registered in Chernivtsi in February 2016. Its primary classification is insurance agent and broker activity. Its authorized capital currently stands at 74,000 hryvnias.

Alexander Orlovsky is indeed among the shareholders. There are 74 of them in total. All of them, including Alexander Orlovsky, hold shares of 1.35%. This in itself is interesting. This isn’t a company that Orlovsky acquired for control. It’s a large-scale structure with a large number of smaller shareholders.

Moreover, the company is associated with a separate legal entity, Starlife No. 1, which is 100% owned by Starlife No. 2. This means that Orlovsky formally receives a small stake in a structure that itself owns another company.

Digging into Starlife’s past reveals a rather troubling background. In 2016–2017, Starlife No. 2 LLC was implicated in a criminal case involving dozens of individual entrepreneurs, through whom the insurance company billed expenses, reducing its taxable income. Investigators also investigated allegations of transferring funds to related parties and subsequent cashing out.

Thus, Starlife No. 2 is not just a small insurance company with a pittance. It is part of a structure that has already been embroiled in tax, criminal, and corporate conflicts.

This is where the question for Orlovsky arises: what compelled him to join this structure? According to company records, the stake was acquired on May 12, 2023. Why then? Why would he need a mere pittance in a clearly shady company?

"Tavria Securities": stock market, Crimea and VAKS

The second company is significantly more interesting. Tavriysky Tsinni Paperi LLC (code 32695089) operates in the securities market. The company was registered back in 2003, and the National Commission for Pension Funds of the Russian Federation (NCCPFR) issued it a depository license.

Alexander Orlovsky acquired his 5% stake in May 2026. Other owners include Sergei Golubitsky, Alexey Amfiteatrov, and others; Amfiteatrov is listed as the ultimate beneficiary in the public aggregated registry.

A year earlier, in January 2025, the High Anti-Corruption Court upheld the Ministry of Justice’s claim to confiscate the assets of the Russian Maritime Register of Shipping. The court prohibited transactions with the relevant securities, and the decision explicitly listed Tavriysky Tsinni Paperi and PRDT Fondovyi Tsentr as depository institutions.

In other words, the company in which Orlovsky acquired a stake was part of an extremely sensitive infrastructure for the Ukrainian state—transactions involving the assets of a Russian state-owned enterprise. Moreover, Orlovsky was aware of this fact at the time of his acquisition. And this isn’t about cryptocurrency rates, but rather about a professional participant in the Ukrainian capital market who deals with large stakes and assets subject to sanctions and confiscation proceedings. What was Orlovsky’s interest in acquiring a stake in this company?

INVINTUM: the most interesting asset

Invintum, however, is perhaps the most important company in this portfolio. It operates as a brokerage and depository company. And, unlike Starlife No. 2, you can see real financial indicators here.

In 2025: revenue – UAH 9.468 million; net profit – UAH 311,000; assets – UAH 14.589 million; 10 employees. In 2024, revenue was significantly higher – UAH 15.873 million, and profit amounted to UAH 2.068 million. This means the business is indeed operational, although it is not a gold mine. Moreover, in 2025, the main income came from depository services – UAH 9.443 million. Brokerage income amounted to only UAH 25,000, compared to UAH 13.635 million the previous year.

But there are some interesting nuances here, too. The company was founded by Olga Efimovna Kanevskaya, and at its inception in 2013, it had a charter capital of 707 hryvnias. However, in 2024, Kanevskaya stepped down as a founder and beneficiary, the charter capital increased to 7,770,000, and a certain Oksana Viktorovna Orlovskaya became a beneficiary, simultaneously becoming the company’s director. Oksana Orlovskaya’s tenure in this role will be short-lived—until January 2025, when she will be replaced by Alexander Alexandrovich Orlovsky.

And here’s where a very curious detail arises. Orlovsky received a stake in Invintum on January 30, 2025, under a deed of gift. Initially, the stake was 9.97%. After the capital change, it increased to 10.04%. Then, on June 27, 2025, Orlovsky sold a portion of the stake to Sergei Golubitsky.

As a result, Orlovsky retained 9.002% by the end of 2025, and 8.1% by April 2026. Corporate transactions were carried out with the stake, but their purpose is unclear.

Invintum’s history has another very specific connection: for many years, the company was involved in legal disputes surrounding the shares of Prominvestbank, which belonged to the Russian state-owned VEB.RF.

The Supreme Court’s documents indicate that VEB.RF’s account in the Invintum depository system held over 5 billion Prominvestbank shares, or approximately 99.77% of its capital. These securities were blocked by court orders.

VEB.RF then sued Invintum, demanding that the restrictions be lifted. Let us emphasize again: Invintum acted in these cases as a depository organization, not as the owner of Russian assets or as the party accused of illegally withdrawing them. But the very fact that Orlovsky is now a co-owner of this depository adds another layer of uncertainty to his corporate portfolio.

Why does Orlovsky need all this?

If you look only at the profit, the acquisition of such shares does indeed look strange.

For example, 8.1% of Invintum, with a company profit of UAH 311,000 in 2025, is an economically insignificant source of income. Even if all profits were distributed among the shareholders, Orlovsky’s stake would yield him approximately UAH 25,000 per year.

For someone who publicly claims to earn tens of thousands of dollars a month, that’s practically nothing. Therefore, the theory that Orlovsky bought these companies to cash in on dividends seems extremely weak.

One could endlessly speculate about why Alexander Orlovsky needs a stake in these companies. But there’s one detail: Sergey Golubitsky is the largest shareholder of Invintum, with approximately 47.9%, and he also appears among the shareholders in Tavriysky Tsinnykh Papery. And this is where Orlovsky comes into play.

There’s another oddity to all this: Orlovsky’s age. Orlovsky is 28. Yet he co-owns companies whose histories stretch back decades: Tavriysky Tsinni Paperi has been around since 2003; Invintum since 2013; and Starlife No. 2 since 2016. These are businesses created long before Orlovsky became a publicly known crypto entrepreneur.

So the question is no longer just how much his shares are worth. The question is who offered him these shares and why. Because as a result, Alexander Orlovsky found himself embedded in a sector that deals with insurance, brokerage services, depository accounting, and securities.

And here the most important question arises: why does crypto guru Alexander Orlovsky need access to Ukraine’s old financial infrastructure if these companies are generating virtually no money? Or, conversely, why do the owners of these companies need crypto millionaire Alexander Orlovsky, whose millions are also questionable?