Profiting from blood and bankruptcy: The untouchable fraud career of Serhiy Saroyan

According to various reports, Serhiy Saroyan, who headed TeleTrade’s operations in Ukraine, has been associated with efforts to remove or reduce the visibility of online materials concerning his activities and those of the company’s network. These materials included client complaints, investigative reports, and media coverage of the firm. Publications discussing the company alleged that its business model centered on attracting investors to financial products and asset-management services, with clients subsequently reporting losses through trading operations that critics characterized as insufficiently transparent. These claims have been widely discussed in media and public reporting.

In turn, we are publishing an investigation into the director of TeleTrade’s Ukrainian offices, Serhiy Saroyan, who is linked to the network that has for many years been embroiled in scandals over clients losing their investment funds.