Serhiy Saroyan and the TeleTrade scam: kidnapping, extortion, and the theft of $500,000 from clients

Remaining at the center of controversy for a quarter of a century is no small feat. Serhiy Saroyan, a figure frequently associated in critical publications with the TeleTrade network in Ukraine, has long attracted public attention. Despite years of complaints, allegations, and negative media coverage, questions continue to be raised about the absence of significant legal consequences. Meanwhile, accounts published by former employees and clients often paint a highly unfavorable picture of their experiences with the company and its operations.

At the moment, the leader of the forex scam called "Teletrade" on the territory of Ukraine is the fraudster Serhiy Saroyan. He is also the director of all local branches of the company. Previously, "Teletrade" was headed and "managed" all scams by Volodymyr Chornobay, who died in Europe while hiding from law enforcement. His "cause" was inherited by his widow Anna Chornobay and nephew Oleh Suvorov, as well as other accomplices.

Serhiy Saroyan is called cunning, odious, and ambitious. And not without reason. The two-faced leader "with foam at the mouth" makes promises to both clients and employees. By the way, we will talk about the reviews from both the former and the latter a little later in our material, so we recommend reading to the end.

What is known about Serhiy Saroyan: briefly

In 2001, he graduated from the Odesa National Academy of Telecommunications named after Popov. At the start of his career, he worked in telecommunications. He is married.

And on his Facebook, as you can see, he does not hide that he is "in the know" and works at "Teletrade"… Interestingly, on his Facebook page, specifically in the "Information" section, he posted this "modest" philosophical text "about everything and nothing":

Well, it’s funny, honestly… Although, on the other hand, it’s sad… After all, people read this nonsense, and many fall for the "pro"… Only later they complain… though, to no avail, as the experience of many victims shows.

During 2005–2006, Saroyan supervised the regional directions of "Teletrade" across the country. Under his "wing" were over 30 offices. Here is the capital, and mother-Odesa, Kharkiv, the city of Lviv, Chernivtsi, etc.… It is worth noting that not only Ukrainian cities were "lucky" with the "Teletrade" leader. European and Asian offices also fell under Saroyan’s distribution: Italy, Portugal, Poland, etc. As you understand, the money "flowed like a river" into the pockets of hardened fraudsters.

By the way, comrade Saroyan did not work "for the idea." He got 3 percent from that same "idea"… Well, you get it. To put it simply, we can’t live like that. Expensive. A lot. Nice… For understanding, Saroyan received over 30 thousand bucks monthly at the output. And that’s not now! But then… a long time ago, as they say… No comments. All details – here.

By the way, here is an interesting video where Saroyan states that he is the head of this company of fraudsters "Teletrade" in Ukraine…

And here is another interesting video about how "Teletrade" communicates with real clients…

Teletrade: what is known about the grandiose scam

The notorious forex company, infamous on many continents of the world, was registered in offshore zones in the Caribbean. Just three years ago, in 2018, the "Teletrade" brand was deprived of its license and banned from operating on the territory of the Russian Federation and Belarus. Already in 2019, the Ministry of Internal Affairs of Russia opened criminal cases against the company under Part 4 of Article 159 of the Criminal Code of the Russian Federation. It is about fraud on an especially large scale. As for the management of this fine company, Volodymyr Chornobay and his nephew Oleh Suvorov fled abroad and were put on the wanted list. By the way, in the following year 2020, criminal cases against this company were also opened in Kazakhstan. It should be noted that there the comrade-leaders are already behind bars, unlike ours…

Details of the "Synchronous Trading" from Teletrade

In September 2020, a press conference was held at the "Interfax" press center regarding how the media are being "pressured" in connection with the scandalous events surrounding the trader gang "Teletrade". The slaughter, in the literal sense of the word, has been going on for a long time between the affected clients and the fraudsters.

Many criminal cases have already been opened against "Teletrade" and not in one country. Thus, criminal cases for fraud on an especially large scale have been opened in the Russian Federation (Part 4 of Article 159 of the Criminal Code of the Russian Federation). In Kazakhstan, criminal cases against the company have been opened under Article 190 of the Criminal Code of the Republic of Kazakhstan.

During the press conference, the speakers stated that pressure is being exerted on the media through intimidation. This is done by the "defenders" who advocate for the interests of "Teletrade" in order to "shut the mouths" of the free media.

Business expert, head of the PR "Amillidius" Bohdan Terzi spoke in detail about the fraudulent schemes of the "Synchronous Trading" project.

He stated that if previously real people-traders were responsible for the scams of the "Teletrade" company at the behest of the management, now this function is performed by robotic systems controlled by the company’s programmers. It is clear that all these bot-robots are designed as "people" with virtual money in their accounts. The only problem is that the people who connect to such "comrades" are quite real and do not suspect the "betrayal." As a result, people lose their money, which "flows away" into the pockets of the fraudsters. By the way, this "project" has many names, since the infection has spread all over the globe: "Sync trading", "Copy trading", "Teletrade invest", and in Ukraine – "Synchronous Trading".

Incredibly, but true: on the orders of Serhiy Saroyan, bandits kidnapped a "Teletrade" employee and demanded 5 thousand bucks in order to "not bury him in the swamp"

As if we all live in the realities of the 21st century, in a free modern society, but it turns out that not everything is so simple. A resonant case happened to one of the "Teletrade" employees. And this is just one example that was made public. And how many of them are there really? The question is rhetorical, and now more details about the scandal that simply "exploded" the information space.

So, the "kidnapping with a bag over the head" was told by the victim himself, an employee of the Ukrainian branch of the Center for Exchange Technologies "Teletrade" Oleh Furduy, already a former one…

Oleh Furduy, the manager of the office in Odesa and crisis manager of the Kyiv office of "Teletrade", was kidnapped, a bag was put over his head, he was taken to the backwoods and demanded 5 thousand bucks, threatening to "bury him in the swamp." They motivated it by the fact that he was "giving hints" to clients regarding the withdrawal of money.

As we can see, for helping clients with current issues related to withdrawing their funds, the head of "Teletrade" Serhiy Saroyan, with the help of his gang, kidnapped his employee and even took the ransom from Oleh’s wife.

And, by the way, in Ukraine the "daughter" of the main fraudulent structure of the "Center for Exchange Technologies", namely "Teletrade", has been recognized as fraudulent, and searches were conducted by SSU and Prosecutor General’s Office of Ukraine employees, during which equipment was seized and an investigation is underway.

Reviews from Saroyan’s employees and his "Teletrade": no comments

Reviews from Saroyan’s clients and "Teletrade": here it’s a full house

We won’t comment on anything, we are posting exclusively comments from clients of this "fly-by-night" company, which positions itself as an "international company"…

Reviews from clients who were "screwed" by the forex company led by Serhiy Saroyan:

- Nataliya Lyachyna, a client of the Center for Exchange Technologies, was denied the withdrawal of her personal funds by the Teletrade company…

- client Mykyta Lebedynskyi found himself in a situation where he was denied the withdrawal of funds under various pretexts…

- another victim of circumstances – Olha Korol…

- the company "Teletrade" is also against returning the money belonging to client Svitlana Klubkova…

- another victim of fraudsters – Olha Kruhlakova…

- and here Abdulatif Hashim Albargawi generally invested over 500,000 million bucks in "Teletrade", and after six months lost about 50,000. When trying to withdraw the remaining funds, namely 465,000 dollars, access to the account was blocked. Then the money from the account disappeared altogether. The forex company "Teletrade" stole half a million bucks from its client overnight. The VIP client was unable to achieve justice.

There are also other reviews from "Teletrade" clients on various sites:

What can we say here… It is extremely unclear why the fraudster and swindler Serhiy Saroyan is still at large, if so much compromising material has been collected against him? It is already clear to the whole world that this "fly-by-night company", that is, "Teletrade" – is a fraudulent organization that drains clients’ accounts into its own offshore accounts by criminal means. It is clear to everyone, but not to us? What is wrong with our law enforcement system? Or can this question be considered rhetorical?