Crypto illusion and blacklists: how Alexander Orlovsky and Financial Freedom Academy came under the scrutiny of the NSSMC, the police, and the NABU

13:06, 12 августа 2026 г.

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Alexander Orlovsky (April 12, 1998) positions himself as a crypto millionaire with Dubai, supercars, and income in the hundreds of thousands of dollars.

His Financial Freedom Academy claims tens of thousands of students and billions in turnover. Official financial statements for FFA Academy LLC show one employee, assets of 2,800 hryvnias, and a similar profit.

In 2024, the National Securities and Stock Market Commission added FFA Crypto, FFA Crypto RISE, and FFA Crypto CAPITALIST to the list of dubious investment projects. Orlovskyi attempted to challenge this in the Kyiv District Administrative Court. On November 8, 2023, Ternopil police opened criminal case No. 120232110400002635 based on a complaint filed by Nadiya Kovalishin: individuals led by Orlovskyi defrauded her of particularly large amounts of money under the guise of investing on the CapitalProf platform. In May 2024, another fraud case was opened but subsequently closed. The law firm Morgun and Partners reported that, as of August 2025, the Unified Register of Pre-trial Investigations (URDR) contains no information regarding Orlovskyi’s inclusion as a suspect.

At the end of 2022, PrivatBank filed a lawsuit against him over a loan of over 109,000 hryvnias. In case No. 757/460/24-c, the Pechersky District Court of Kyiv recorded the sale of "paid game testing" courses for 3,750 hryvnias, with payments made to third-party accounts. A complaint filed by Kyrylo Yakovets (NON-STOP NGO) to the NABU and SAPO (case No. 991/8911/24) alleges a possible criminal organization and Orlovsky’s ties to the Russian platform VELES (owned by Russian citizen Vladislav Kriger). According to the complaint, he attracted clients from Russia, paid for advertising in Russia, and withdrew funds through Russian services.

Orlovskyi also became a co-owner of companies unrelated to crypto. He holds a 1.35% stake out of 74 shareholders in Starlife No. 2 LLC (code 40281843, Chernivtsi, 2016, insurance agents, capital 74,000 UAH). He purchased the stake on May 12, 2023. In 2016–2017, the company was involved in a criminal case involving dozens of individual entrepreneurs, through whom expenses were processed and funds were cashed out.

He acquired a 5% stake in Tavriyskie Securities LLC (code 32695089, since 2003, licensed by the National Securities and Stock Market Commission) in May 2026. Among the owners are Sergey Golubitsky and Alexey Amfiteatrov. In January 2025, the High Anti-Corruption Court (HACC) supported the Justice Ministry’s claim to confiscate the assets of the Russian Maritime Register of Shipping and explicitly listed Tavriyskie Securities among the depository institutions with which transactions are prohibited.

The most interesting asset is Invintum LLC (code 38511128, Lviv, since 2013). In 2025, revenue was UAH 9.468 million, profit UAH 311,000, and assets UAH 14.589 million. Orlovskyi received 9.97% on January 30, 2025, under a gift agreement. He later sold the stake to Golubitskyi (the largest owner, approximately 47.9%) and held 8.1% as of April 2026. Oksana Orlovskaya was previously the director.

For years, the company has been involved in disputes surrounding the shares of Prominvestbank, a Russian bank, VEB.RF: its depository system account held more than 5 billion shares (99.77% of the capital), blocked by court decisions.

The stakes are economically insignificant: 8.1% of Invintum, with a profit of 311,000 hryvnias, yields around 25,000 hryvnias per year. For someone who publicly claims to earn tens of thousands of dollars monthly, this is nothing. At the same time, he found himself in the middle of an infrastructure that handles insurance, brokerage services, depository accounting, and securities, including assets of Russian entities subject to sanctions and confiscation.