Crypto scam under the guise of Financial Freedom Academy: how schemer Alexander Orlovskiy milks millions from fake training

Alexander Orlovskiy markets himself as a multimillionaire who built his wealth through cryptocurrencies.

His Financial Freedom Academy claims to provide the know‑how for making money in the crypto space, while Orlovskiy himself frequently cites his millions, Dubai lifestyle, luxury cars, and profitable trading track record. 

This is the – front facade. But there is another side of Alexander Orlovskiy, about which for some reason he is silent. If you remove the advertising shell and look not at social networks, but at the Ukrainian register of companies, a rather unexpected detail is revealed.

Orlovskiy is a co-owner of several companies that are very distantly related to cryptocurrency: insurance intermediary «Starlife №2», stock company «Tavriyski tsinni paper» and depository brokerage company «Invintum».

And here a simple question arises: why did a person who positions himself as a successful crypto-millionaire need shares in the old Ukrainian structures of the insurance and stock market? And by no means the most successful: the net income of these companies on the scale of Orlovskiy (at least those that he claims) – is mere pennies.

For example, «Invintum» received only 311 thousand hryvnia of net profit in 2025. A little over seven thousand dollars. Orlovskiy’s share in the company – is 8.1%. LLC «Tavriyski tsinni paper» generally earned three thousand hryvnia. Alexander Orlovskiy’s share in the company – 5%. How much it earned – count for yourself; the calculator cannot operate with such small numbers.

This is, of course, a joke. But seriously, it turns out to be a rather strange design: publicly Alexander Orlovskiyis a cryptocurrency millionaire with all the attributes of – Dubai, business jets, supercars, yachts and other «luxury life», at the same time, within the Ukrainian business, Orlovskiy– is a co-owner of small shares in almost unprofitable insurance and stock 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 can perform in the overall business structure of Alexander Orlovskiy.

FFA: Orlovskiy’s main business

Financial Freedom Academy is Orlovskiy’s main public project: FFA sells cryptocurrency training, closed communities, trading programs and investment products. The site now lists tens of thousands of students and large volumes of trading participants. The Financial Freedom Academy website looks very solid, reporting tens of thousands of successful cases, hundreds of thousands of satisfied students and billions of dollars of money they earned.

But at the same time, official reporting is sharply dissonant with the site: one employee, 2,800 hryvnia of assets and exactly the same amount of profit. One of two: either complete bullshit (sorry) – website of the Financial Freedom Academy, or complete bullshit (sorry again) – reporting LLC «FFA Academy».

Against this background, it should be remembered that back in 2024, the National Securities and Stock Market Commission of Ukraine included the FFA-related projects FFA Crypto, FFA Crypto RISE and FFA Crypto CAPITALIST in the list of dubious investment projects. At the same time, legal disputes, payment for educational products through third-party FLPs and criminal proceedings №120232110400002635, in which Orlovskiyis mentioned in connection with a statement of investment fraud, appear in the media.

But now another layer is being added to this picture: why is the young crypto businessman even beginning to acquire shares in companies operating in a completely different financial market, with cryptocurrencies that have nothing in common at all?

«STARLIFE №2»: insurance business for a thousand hryvnia

First strangeness — LLC «Starlife №2» (code 40281843). The company was registered in Chernivtsi in February 2016. Main KVED — activities of insurance agents and brokers. The authorized capital now amounts to 74 thousand hryvnia.

Alexander Orlovskiyis indeed present among the participants. There are a total of 74 people. All of them, including Alexander Orlovskiy, have shares of 1.35%. This in itself is interesting. This is not the company that Orlovskiy acquired for control. This is a mass structure with a large number of small participants.

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At the same time, the company is associated with a separate legal entity — «Starlife №1», which is 100% owned by «Starlife №2». That is, formally Orlovskiy receives a small share in the structure, which itself owns another company.

If you dig into the past «Starlife», you will find a very unpleasant background. In 2016–2017, «Starlife №2» LLC appeared in criminal proceedings regarding a scheme with dozens of federal executive enterprises through which the insurance company processed expenses, reducing taxable profits. The investigation also checked versions of the transfer of funds to related persons and subsequent cash withdrawals.

Thus, «Starlife №2» — is not just a small insurance company with a penny profit. This is part of a structure around which tax, criminal procedure and corporate conflicts already existed.

This is where the question for Orlovskiy arises: what made him join this structure? According to registries, the stake was acquired on 12 May 2023. Why then? Why does he need a penny share in a frankly murky office?

«Tavriyski tsinni paper»: stock market, Crimea and VAKS

The second company is much more interesting. TOV «Tavriyski tsinni paper» (code 32695089) operates in the securities market. The company was registered back in 2003, and the NCCPFR issued it a license for depository activities.

Alexander Orlovskiy acquired his 5% stake in May 2026. Also among the owners are Sergey Golubitskiy, Alexey Amfitheatrov and other persons; The final beneficiary in the open aggregated register is Amphitheaters.

And a year earlier, in January 2025, the Supreme Anti-Corruption Court secured the claim of the Ministry of Justice for the confiscation of assets of the Russian «Maritime Register of Shipping». The court prohibited transactions with the relevant securities, and the decision directly specifies «Tavriyski tsinni paper» and «PRDT Fund Center» as depository institutions.

That is, the company in which Orlovskiy acquired a stake found itself within the extremely sensitive infrastructure for the Ukrainian state of — operations with the assets of a Russian state-owned enterprise. Moreover, at the time of acquiring the share, Orlovskiy knew about this fact. And here we are no longer talking about cryptocurrency rates, but about a professional participant in the Ukrainian capital market, who works with large blocks of shares and assets that fall into sanctions and confiscation processes. What was Orlovskiy’s interest when he acquired a stake in this company?

«INVINTUM»: the most interesting asset

But «Invintum» — is perhaps the most important company in this portfolio. The company is engaged in brokerage and depository activities. And, unlike «Starlife №2», here you can see real financial indicators.

In 2025: income — 9.468 million UAH; net profit — 311 thousand UAH; assets — 14.589 million UAH; 10 employees. In 2024, income was significantly higher than — UAH 15.873 million, and profit amounted to UAH 2.068 million. That is, the business really exists and works, 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 thousand compared to UAH 13.635 million a year earlier.

But there are interesting nuances here too. Thus, the company was founded by Olga Efimovna Kanevskaya, and at the time of its founding in 2013 it had an authorized capital of 707 hryvnia. But in 2024, Kanevskaya leaves the list of founders and beneficiaries, the authorized capital increases to 7,770,000, and among the beneficiaries appears a certain Oryol Oksana Viktorovna, who at the same time becomes the head of the company. Oksana Orlovskaya will not remain in this status for long – until January 2025, when she will be replaced by Orlovskiy Alexander Alexandrovich.

And this is where a very interesting detail arises. Orlovskiy received a stake in «Invintum» on January 30, 2025 under a gift agreement. Initially, we were talking about a share of 9.97%. After the capital change, it rose to 10.04%, and then on June 27, 2025, Orlovskiy sold part of the stake to Sergey Golubitskiy.

As a result, at the end of 2025, Orlovskiy had 9.002% left, and in April 2026, — was already 8.1%. Corporate transactions occurred with the share, but their purpose is unclear.

The history of «Invintuma» has another very specific trail: the company has been involved in legal disputes for many years around the shares of «Prominvestbank», owned by the Russian state-owned VEB.RF.

The materials of the Supreme Court indicate that VEB.RF’s account in the depository system «Invintum» took into account more than 5 billion shares of «Prominvestbank», that is, about 99.77% of its capital. These papers were blocked due to court decisions.

VEB.RF then sued «Invintum», demanding that the restrictions be lifted. Let us emphasize once again: «Invintum» in these cases acted as a depository organization, and not as the owner of Russian assets or accused of their illegal withdrawal. But the very fact that today Orlovskiy is a co-owner of this depository adds another question to his corporate portfolio.

Why does Orlovskiy need all this?

If you look only at profits, acquiring such shares really looks strange.

For example, 8.1% «Invintuma» with a company profit of 311 thousand UAH in 2025 — is an economically insignificant source of income. Even if all profits were distributed among the participants, Orlovskiy’s share would give him about 25 thousand UAH per year.

For someone who publicly claims tens of thousands of dollars a month in earnings, that’s pretty much nothing. Therefore, the «version Orlovskiy bought these companies to make money on dividends» looks extremely weak.

One can endlessly guess why Alexander Orlovskiy needs a share in these companies. But there is one detail: Sergey Golubitskiy is the largest owner of «Invintum» — about 47.9%, and in «Tavriysky blue papermen» also appears among the participants. And here Orlovskiy appears.

There is another oddity in all this: Orlovskiy’s age. Orlovskiy is 28 years old. At the same time, he turns out to be a co-owner of companies whose history goes back decades: «Tavriyski tsinni paper» has existed since 2003; «Invintum» — since 2013; «Starlife №2» — since 2016. That is, these are businesses created long before Orlovskiy became a public crypto entrepreneur.

Therefore, the question is no longer only how much his shares cost. Question — who offered him these shares and why. Because as a result, Alexander Orlovskiy found himself built into a sector that works with insurance, brokerage services, depository accounting and securities.

And here the most important question arises: why does cryptogur Alexander Orlovskiy need access to the old Ukrainian financial infrastructure if these companies practically do not bring money? Or vice versa: why do the owners of these companies need cryptocurrency millionaire Alexander Orlovskiy, whose millions also raise doubts?