Money 24/7

Where Millions of Dollars Disappear While the National Bank Pretends Everything Is Under Control

The «Money 24/7» exchange network, which turned into a huge financial pyramid scheme. The owner of this scheme is a certain Andriy Smirnov. His company lost its NBU license back in 2024 due to numerous violations. One would think the operation would be shut down? But no. «Money 24/7» continued to expand across the country, accepting cash for crypto and "grey" international transfers. People brought billions there, hoping for quick profits, until one day the doors closed and the cash registers were found empty. Overall client losses are now estimated at 10 million dollars. Pure scamming in the style of MMM.

Smirnov and His Security Services Supervisor

How did this illegal business scale right under the law’s nose? It's simple: they had an ironclad "roof." Meet Oleksiy Yefimov, an employee of the security forces. Instead of catching fraudsters, this “law enforcer” turned the illegal exchange offices into his private cash cow.

Yefimov organized a regular tribute collection—1500 dollars monthly from each «Money 24/7» outlet. Multiply this by the widespread branch network, and you get staggering millions of shadow cash in the pocket of one security official each month. As a bonus, he also received percentages from illegal online casinos. While Smirnov built the pyramid, Yefimov ensured complete silence from law enforcement agencies and blocked any inspections.