One of the most odious financial swindlers of the last decade, Konstantin Kondakov, who managed to swindle several hundred million dollars from Russians and Ukrainians through the MMCIS financial pyramid, returned from Monaco to Kyiv. Allegedly, K. Kondakov has found new patrons among the authorities and intends to create something like MMCIS with an emphasis on the cryptocurrency market. Social network users from Kyiv note that Kondakov was seen at Boryspil airport a day ago.
As the Peter.TV website writes in its investigation, Konstantin Kondakov is an exceptionally nimble and successful schemer. Do we remember the MMCIS scam that thundered throughout Russia, as well as Ukraine? If we remember, then what exactly? 5 suicides in the Russian Federation among investors deceived by Konstantin Kondakov and several deaths from cancer (the fact is that among the investors were desperate parents, brothers, sisters and children of cancer patients, they hoped to get quick money for treatment from MMCIS). This is worth remembering first.
Sometimes the most precious stones can be found in the most despicable holes. For example, in such a place as the Ukrainian Melitopol - a provincial, dusty, sleepy town. But it produced a considerable harvest of talent, especially in “business.” One of them is the notorious self-proclaimed Forex and investment guru - Konstantin Kondakov.
After the failure of the MMCIS Forex investment fund pyramid, Kondakov managed to obtain court decisions that prohibit calling him, Kondakov, the founder of this fraudulent structure. The court decisions were obtained in the most corrupt courts on the planet, however. After several years that Konstantin Kondakov spent in Monaco (with money-not-stolen-from-MMCIS, as the court decisions say), he returned to his homeland again. Did love for his native country bring him back?
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Who is Konstantin Kondakov?
Kondakov was a Forex trader. Trading currencies in ancient times, Konstantin realized that this activity was absolutely useless. The best way to make money in Forex is to collect money from investors and then disappear - that's where the real profit can be found. We are forced to remind you once again - no, of course, according to the decision of some court, Konstantin Kondakov cannot be called the founder of the MMCIS pyramid.
After this, Kondakov and his childhood friend Volkov decided to try their hand at stock trading. They set up a fake software development studio and listed it on the local stock exchange. The exchange's shares were artificially inflated using self-service trades.
[Self-service trades, Wash Trading - the practice of buying shares using your own sell orders. It has been a criminal offense in the United States and many other countries since 1936. Thanks to Wash Trading, investors are misled by imaginary trading volumes and fake increases in asset prices - ed.]
But no one bought their fake shares, and the company was kicked out of the stock exchange. There were no criminal cases, since most likely in Ukraine stock exchange manipulation is not considered punishable.
Deftalk - the silent failure of a protected pyramid Konstantin Kondakov
After this failure, Kondakov finally settled in Monaco. From there, he tried to organize a scam with the “innovative ultra-secure messenger” Deftalk. Konstantin Kondakov’s messenger itself was compiled on the basis of publicly available protocols. The purpose of its development was again to raise investments. But the messenger did not work and quietly disappeared into the backyards of the App Store. Investors did not want to invest money in another messenger. Europe turned out to be extremely poor in fools and rich in controlling financial organizations.
For some reason, Kondakov was not noticed in scams with cryptocurrencies. Maybe he has become too heavy to lift? We don't think so. Look at the example of UAHPAY - investors in the “Ukrainian cryptocurrency” lost ten million dollars. But Konstantin Kondakov was not involved, according to our information, in this scam.
Read also: Sergey Chemezov - red on top, white inside
Below is a short video investigation of the activities of Konstantin Kondakov and his cheerful accomplices:
Konstantin Kondakov bought burnt stars for selfies 
Kondakov received the Order of Saints. Party of Regions It is always interesting to watch such natural talents in their field as Kondakov. We will continue to do this and maybe in the near future we will present something exciting from the life of Konstantin.
On the eve of the announcement of the notorious brokerage company, Konstantin Kondakov, once probably the most key figure and face of the company, published on his page on the social network VKontakte his thoughts not related to MMCIS, which a day later served as a reason for the broker’s now former clients to seek clarification and comments on the current situation.
To the first questions about MMCIS, Kondakov hastened to assure that he would do everything for the company to recover, since he himself “lost a lot of money because he did not withdraw it.”
“No one will ever show a single document confirming that I am the founder of MMSIS”
Also, once again, Kondakov denied his involvement in the creation and management of the company and emphasized that he himself became a hostage of the situation: “I never held leadership positions in MMSIS and was not the creator and founder of this company. I also never signed a single paper on behalf of MMSIS and never took money from any person, but worked as a trader and analyst under a contract that I signed many years ago and received my salary according to it. And I advertised and promoted MMSIS because I believed in it. By the way, like show business stars, for example. No one will ever show a single document confirming that I am the founder of MMSIS - because such documents do not exist in nature - because it is not true. But I can show proof that I lost money in MMSIS, which I earned for many years. I have never dealt with money transactions. I traded and sent signals to Meta Trader while sitting at home.”
Let us recall that Kondakov was exactly a month before the bankruptcy announcement of MMCIS (and the broker Mill Trade it absorbed), and several weeks after the appointment of the anti-crisis president of the company, Roman Komysa.
“I think in a year we will see the revival of MMSIS - I believe in it and am already working on it”
Now, the former lead analyst of the bankrupt company has expressed his hope for the company's revival and instilled hope in a large portion of the remaining optimist investors: “I believe in the revival of the company. The company has all the evidence that the money was stolen by the Money Online company - these are contracts and bank statements that show that the money went to Money Online from people, but was not received by MMSIS. In addition, the company itself is looking for reinvestment that would allow it to pay off everyone and revive MMSIS. I also personally do this for myself and have set myself this goal. Even if no one else succeeds, I will succeed, I have always achieved my goals and I will achieve this time too. I think in a year we will see the revival of MMSIS. I believe in this and am already working on it. I know that I lived and worked honestly and I calmly look at myself in the mirror, and I am sure that no obstacles will interfere with me.”
“According to my information, there are facts of money theft, as well as facts of an attack on the company.”
When asked by depositors who had lost money what they should do now, Kondakov replied: “There are two options, as for me, either nothing and wait for revival or connect and help return the stolen money - everyone who paid through Money Online received a newsletter and can get proof of these payments from the bank. I advise everyone to do this and hand it over to the investigation so that the Money Online company cannot appropriate it for itself. As far as I know, all client databases have been saved and when the company, with the help of the courts and the prosecutor’s office, returns the seized assets, they will be returned to the people.”
In general, it is worth noting that judging by the huge public interest in the former broker MMCIS, by the ongoing heated discussion of the sad situation on various forums, and by the volume of deposits indicated by some forum users, one can guess about the impressive volume of unreturned client deposits. Many despaired, but there are still many former clients who continue to believe in a better outcome and in particular in Konstantin Kondakov, who in turn commented on the situation as follows: “The company cannot work without money, pay salaries, pay for servers, and so on. Logically, there is only one way out - contact the authorities for protection. For my part, I am making and will make all the necessary statements and provide data that will help the investigation establish all the details and figure it out. “I have a number of documents in my hands, contracts with me from the company from the beginning of my work and a lot of other things that can help,” said the former analyst who “never held leadership positions in MMSIS and never signed a single paper on behalf of MMSIS.”
“According to my information, the facts of theft of money are obvious, as are the facts of an attack on the company, which were recorded earlier. I announced my personal plans earlier. I plan to find reinvestment to clear my name, although I might not. Like show business stars, I have an advertising contract with the company. But I didn’t advertise it for money, but because I believed in it and its good goals.”
“34 million is what the company can prove with papers; for the rest of the money you need to get access to your personal account of Money Online and other systems”
Where did the investors' money go and how much? It seems that these questions will never be answered. As noted above, the huge volumes of unreturned funds can be guessed from the scale of discussion of the topic, from the continued receipt of claims against the now closed company, as well as from the modest information received from Kondakov: According to the information that I have, 34 million ( it is not specified in what currency) this is what the company can prove with papers; for the rest of the money you need to get access to your personal account of Money Online and other systems to prove it, but they blocked it. So the prosecutor’s office must gain access and find out who decided to appropriate how much for themselves. Plus, as Komysa wrote through Money Online, it was money that was withdrawn to the interbank market, which means that money also flowed there from other payment systems - RBC, Robokassa, and so on. I don’t know on what basis this was - maybe there are contracts, or maybe verbal agreements - I don’t know. I just know that Money Online was a friendly structure of MMSIS and they were together for many years, which means there could have been verbal agreements.”
Will European registration help a bankrupt broker get his money back?
Speaking of revival, just shortly before the bankruptcy of MMCIS, the editors of Forex Magnates studied some information and found out that it was registered in Europe through its affiliated company. A company called Glistentree Holdings Limited, which represents itself as Mill Trade, has received a license from the Cyprus Securities and Exchange Commission (CySEC), allowing it to offer financial services in the European Union. It remained to be seen whether the anti-crisis management was able to preserve the troubled company under the existing brand or whether it was planning to rebrand, changing its name, and reboot as a European broker.
Kondakov also responded on this occasion: “As for the Eurolicense, as far as I know, MMSIS received it in the name of one of the companies in its group, but this happened too late. A license will not help you unlock money. but for revival, of course - but then everything will be completely different - I see this only through the bank, which will formalize all the obligations and restore the register. The bank, in my opinion, should establish a new investor MMSIS and buy out its debts from the company (conditionally), and then distribute them in the regulated industry. I don’t see any other way yet.”
Postscript from Kondakov: “This is not a regulated industry and of course the risks are greater than in a bank”
“Look at the situation from the outside - the assets were stolen and I’m sure the company will prove it. They stole not only in one place - according to the information that I have, it was a planned action that had been prepared for a long time and even Money Online, which had been servicing MMSIS flows for many years, entered into a conspiracy on it - it was a betrayal and a blow, no one could do this expect. In general, this is an unregulated industry and, of course, the risks are greater than in a bank, but even banks could not stand this,” this is how Konstantin Kondakov tried to console and create a spark of hope among the affected depositors.
Konstantin Georgievich Kondakov is a representative of a new generation of businessmen who rely on knowledge and innovative technologies. Today he is a successful financial analyst, businessman, and author of several books. He is respected by financial experts not only in the CIS, but also far beyond its borders.
Biography of Kondakov
Kondakov Konstantin Georgievich was born in the city of Melitopol (Zaporozhye region) on June 8, 1982. His childhood did not stand out as anything special, with the exception of excellent studies. The teachers immediately recognized in the boy excellent mathematical abilities and a great passion for computers, which gradually began to play an important role in the social life of society.
After graduating from school, in 2000 he entered the Zaporozhye Institute of State and Municipal Administration, majoring in “Administrative Management”. During his studies, the young student gives preference to studying financial markets, international economics and is interested in stock trading. After completing his studies, Konstantin Kondakov takes his first steps on the Forex currency exchange. And already in 2004 he made his first transactions. From that moment on, Konstantin decided to engage in stock trading seriously and for a long time.
Success is immediate and his trading account shows consistent profitability. This is facilitated by Konstantin’s hard work and the individual trading strategy he developed, combining technical and fundamental analysis. It is based on his theory that the Forex market is a living organism. He studies not only a lot of analytical data, but also the psychology of the trader, their reaction to news and certain events.
This is how his books were born, in which the principles of trading on the currency exchange are very accessible and professionally described.
Books by Konstantin Georgievich
“MetaTrader 4: learning to make money on FOREX” is his first book, which describes in detail and clearly the mechanisms of work on the MetaTrader 4 trading platform. The book also gives useful advice to both professional traders on the currency exchange and beginners, for whom the currency exchange seems something abstract.
Book “How to see and anticipate the market: Fundamental Forex indicators” was released in 2012 and has already gained popularity among traders of various levels. It most widely and thoroughly describes the main factors influencing the foreign exchange market, economic indicators and events that directly affect currency quotes. 
The main instruments of influence of the largest banks on the formation of exchange rates are also described. An important topic for the author remains the psychological aspects of working on the currency exchange, so he pays special attention to the reaction of players to economic news, gives advice, using specific examples, on optimizing trading and compares the currency exchange with other types of markets.
Konstantin Kondakov is confident that anyone who has a desire to earn money and a constant desire for self-development can work on the foreign exchange exchange. Even with a small start-up capital, but with self-confidence and hard work on yourself, you can achieve high results and gain financial independence.
Kondakov Asset Management
Konstantin Kondakov considers one of the main results of his investment and analytical activities to be the opening of the international analytical company KONDAKOV Asset Management, with a central office in New York, on Wall Street. The company is engaged in providing analytical materials and trading signals of the highest level. And the reviews about it, and the number of famous clients, speak for themselves. Among such company clients are various investors from North America, Asia and Europe. One of the largest American banks, JPMorgan Chase, is also among the clients of KONDAKOV Asset Management.
This is not surprising, because one of the main principles of Konstantin Kondakov is: “When you reach your goal, don’t stop, new horizons await you.”
The “strike of retaliation” against Russia, which was feared for so long from Kyiv, was delivered in a place where, in fact, no one expected it, and in a completely unexpected way. Ukrainian scammers simply cleaned the pockets of tens of thousands of Russians, completely copying the financial pyramid of Sergei Mavrodi. Despite the fact that the damage caused by financial scammers amounts to about one hundred million dollars, the participants of the financial pyramid hedged their bets by taking positions in two parliamentary parties of Ukraine, from which they ran for the Verkhovna Rada. Apparently, a significant part of the money taken from Russians went to finance the election campaign of the Poroshenko Bloc and punitive operations in Donbass carried out by the “radicals” of Oleg Lyashko.
As Novaya Gazeta reports, the MMCIS group company began its activities in 2009, but before 2011 there were very few references to it. The company provided trading services on the Forex market and was an unremarkable office, of which there are hundreds. However, even then some players found out that MMCIS does not have its own brokerage license, and it accepts all client funds not into its own accounts, but into the accounts of many intermediary firms. In fact, clients did not play on the real market, but “in the glass,” within the company itself. Back in 2011, reviews appeared on various financial forums about the possible replacement of real charts by MMCIS with their own. It was impossible to win in such conditions, because the graphs always “went” in the opposite direction from the player’s bets. However, such reviews had practically no chance of being seen.
Image creation
In 2011, at first, the Ukrainian media space was overwhelmed by a powerful stream of advertising offering income of 100% per annum. MMCIS was positioned as “an international corporation that invests money in Western financial institutions,” although it did not have a single contract with real exchanges. The distinctive style of MMCIS was the massive placement of positive materials in the media. If there were negative articles, the company agreed to remove them and put up its own advertising in return. MMCIS has achieved perfection in its propaganda - on the forums, negative reviews were drowned in an ocean of positive comments. Dozens of “analytical” resources were created praising the skill of MMCIS traders. The followers of Sergei Mavrodi skillfully used the psychology of the masses, which is worth one review under a positive article, we present it without cuts: “nowadays you shouldn’t really trust posts on various forums - EVERYTHING, incl. reviews and posts - bought and sold. Therefore, I judge specific investment options based primarily on performance. And here there is nothing to complain about. Throughout the entire period of the company’s operation, all payment obligations are fulfilled impeccably.” With such meticulous work, the company formed the image of a stable, large financial corporation operating according to Western standards. The new dossiers already indicate that MMCIS began work already in 2004 as a “closed-type private investment fund”, and in 2006 “the founders decided to open the fund’s opportunities to everyone.” The masses believed and money flowed into the company like a river.
100% per annum
After the creators of the pyramid realized the scale of the market, the “Top 20” concept was proclaimed. The investor was not even required to play in the market himself; it was enough to simply deposit money and entrust it to the management of one of the 20 “best” brokers. The profitability from “investing” was promised at the level of 5-10% per month or 60-120% per year. And this does not take into account the possibility of reinvesting interest. “Income” multiplied and grew on investors’ monitors. And MMCIS rewarded its clients with a fabulous sum of $500 for a video review about the company. As a result, the “stable financial corporation” reached Russia. She opened a large, beautiful office in Moscow and, with the help of active advertising and PR materials, began to attract clients. The apogee here can be called a “report” on the NTV channel, in which a pseudo-correspondent invests money in MMCIS and receives income. Some clients actually managed to earn money and withdraw money, although company representatives carefully persuaded them to withdraw interest, but not withdraw the principal amount, so as not to “lose income.” Such a “business” model can only function with an active influx of new funds, but it can never last forever.
A fall
Promises to earn 100% per annum could not fail to attract the attention of other market participants at a certain moment. In 2014, MMCIS began to be included in the list of “black brokers”, and leading payment systems such as Qiwi, Yandex.Money, Platron, Money Online and Robokassa began to disconnect the company from service. However, this did not stop the organizers of the pyramid, and they began to accuse everyone around them of attempting a raider takeover and blocking depositors’ funds by counterparties who “took advantage of the attack on MMCIS.” Interestingly, the PR company was not stopped until the very end. So, in September of this year, the Russia-24 TV channel showed a report about a showman who successfully invested money in MMCIS. However, clients already sensed something was wrong and rushed to withdraw money from their accounts. In response, a complex verification system was invented - supposedly requiring banks to provide proof of identity in order to withdraw funds. Clients were told that the documents provided were not enough and they were stalling for time in every possible way. At the same time, the maximum one-time payment amount was limited to $200. Gradually, everything became clear to most people - they had gotten into a financial pyramid. In Ukraine, rallies were held at the MMCIS offices, several tons of manure were brought to one of them, and another was set on fire. Pyramid fell down.
Financier-rapist and parliamentary immunity
In mid-October, the real founder and face of the company, Konstantin Kondakov, announced that he was leaving MMCIS. And the day before, the company massively sends out press releases about the appointment of Roman Komysa as President, who previously “was Vice President and General Director of one of the subsidiaries.” It is reported that Komysa “knows all the specifics of doing business in post-Soviet countries, so he will be able to overcome the difficulties and threats that have hung over the company in recent months, and will also help make the management of the company even more efficient.” However, the resonance around MMCIS was already so great that unpleasant facts immediately surfaced about the personality of Roman Komysa. It turned out that the future “brilliant financier” had been convicted several times. And not just convicted, but accused of a whole “fan” of crimes: for theft, “rape by a group of persons,” “involving minors in criminal activity,” “manufacture and storage of narcotic substances,” “illegal possession of firearms,” and extortion. During his “career,” Komysa managed to serve several terms in different regions of Ukraine. There is another interesting fact from his biography of the financier: Roman Komysa’s parents last saw their son several years ago. As a reminder of himself, the son took with him all the savings of his mother and father.
Power struggle
Analogy of the activities of the MMCIS company with MMM would not be complete without one detail. Before the early elections to the Verkhovna Rada in October 2014, the real organizers of the large-scale pyramid, Konstantin Kondakov and Alexander Volkov, classmates at the Taurida Agrarian Academy (another classmate, Savchenko, registered a financial pyramid website), ended up on the party lists of the Petro Poroshenko Bloc and the Radical parts by Oleg Lyashko. Although, unlike Sergei Mavrodi, they still did not become deputies of parliament. On November 21, 2014, financier Roman Komysa announced the closure of MMCIS due to the “seizure of assets by third parties.” And on the signature collection site Change.org, a petition appeared to address President Vladimir Putin with a demand to “expose money laundering in MMCIS and return their money to investors.” So far, 2 thousand people have put their signatures, only a small part of the defrauded investors. A similar group on VKontakte has already recruited over 43 thousand people. In their address to the President, most people report that they have contributed all their family savings to MMCIS.
What do we know about MMCIS
The MMCIS brand is one of the most recognizable in Ukraine.
Rally cars drive at famous competitions with the MMCIS logo, and famous politicians run for elections with the support of MMCIS.
We can say that this is a success story. The bearded smile of Konstantin Kondakov is the embodiment of the American dream.
A guy from the Ukrainian outback managed to do the impossible thanks to hard work and the invisible support of the famous business coach Itzhak Pintosevich. Mothers sitting in front of the TV should definitely pat their sons on their curly heads and say: “You must succeed like Kondakov.”
Everything seems to be so, but behind the success story there is a much less explainable mechanism, similar to a huge vacuum cleaner for pumping money out of the population. Kondakov himself, according to him, has little relation to this mechanism. “I’m just a successful trader, I’m not the owner of a company,” is his message.
It is too early to say that MMCIS is a financial pyramid, although many people think so. There is also no evidence that MMCIS are scammers. However, some points give rise to certain thoughts.
There is a high probability that MMCIS has discrepancies between the spirit and letter of the law. If the letter is maintained, then the spirit of the company’s type of activity is completely different.
Such a split is not uncommon for Ukraine. It cannot be said unequivocally that MMCIS is bad, and business Rinata Akhmetova or Dmitry Firtash - good. Rather, it’s like this: in a state where the rule of law exists, neither MMCIS nor the Ukrainian oligarchy could exist.
How much profit should a securities trader have to flood billboards and media with advertising for many months? Even the leaders of the securities market did not have such budgets during the boom of 2007-2008.
News about MMCIS is paid for, so are the banners. Managers of the structure demand that editorial offices remove “unfair” materials that critically examine their business. In return, they promise to “benefit from being friends.”
Example of commercial news MMCIS
It must be admitted that the creators of MMCIS approached business wisely. They managed to circumvent the legislation that would have allowed their activities to be classified as a “financial pyramid”.
For example, for this purpose there are stock quotes that the company operates. Although there are huge suspicions that MMCIS itself supports these quotes.
On the surface everything is legal: there are even work permits. On October 3, 2011, MMSIS Investments LLC received a five-year license for securities management, brokerage and dealer activities. On October 8, 2012, it launched a large-scale campaign to attract investors.
“By investing in the stock market, we together develop the economy of Ukraine. Our money is invested in specific enterprises that expand their capacities, create jobs and increase profits by attracting investments,” Kondakov stated from the pages of the media.
The emphasis should have been on promising companies in the IT sector. Although MMSIS Investments had licenses from the National Commission for Securities and Stock Market - NSCFM, the company did not hide its involvement in trading on the Forex currency market.
The director of the company, Anatoly Kashkin, then reported that MMCIS Investments is associated with the Forex MMCIS group company, although it has different founders. However, in a commentary by the EP, Kondakov denied the connection between these structures.
The subtlety of the moment is that in Ukraine companies providing trading services in Forex market, are not licensed. They are outside the legal framework.
Another commercial news from the company
Understanding this, MMSIS Investments used licenses from the National Securities and Stock Market Commission as a cover for legal activities.
“Each operation with your money will be monitored by a special state commission of the National Securities and Stock Market Commission. It was created for the purpose of comprehensive legal regulation of relations that arise in the securities market of Ukraine and to ensure the protection of the rights of citizens,” Kondakov convinced.
At the same time, the company did not disclose an investment mechanism that would allow doubling investments in a falling market: “100% per annum is real.” This slogan, on which the MMSIS Investments advertising campaign was based, became the basis of a scandal that led to the revocation of licenses.
Three days after the start of the campaign, the specialized self-regulatory organization - the Ukrainian Stock Traders Association - demanded that MMSIS Investments stop disseminating false information in advertising and refute it.
According to the law, a company cannot talk about any past profitability without indicating that the same income in the future is not guaranteed.
On October 19, 2012, the company's membership in AUFT was suspended for two months. During this time, MMSIS Investments had to provide a list of media outlets that carried the controversial advertisement and refute it.
During the same period, the National Securities and Stock Market Commission began inspecting the company based on requests from citizens. “This is a precautionary measure. It is aimed at protecting the rights of investors who, by purchasing securities of these companies, may suffer as a result of their unfair actions,” commented Evgeniy Voropaev, a member of the National Center for Financial Markets.
In that interview there was also an interesting quote that described the mechanism of operation of MMCIS structures.
“Based on the materials we have, I would not say that MMCIS Investments, Internet Global Technology and Forex MMCIS Group position themselves as a single structure or group.
On the other hand, in all advertising or information messages there are explanations that the profitability promised to investors is ensured by investing in the last two companies that specialize in developments in the field of high technology. If we talk about a legal connection at the level of owners, we don’t see it at this stage,” Voropaev said.
The test results revealed the mechanism for obtaining high profitability.
A year before the start of the MMSIS Investments advertising campaign, two securities traders - Sortis LLC and Parity Investment LLC, both owned candidate for deputy Kiev City Council to Vladimir Dobroskok (officially he was the director of the first) - began to actively conduct transactions with shares of PJSC Internet Global Technology and PJSC Forex Ememsis Group.
As a result of the operations, the capitalization of these issuers increased by 560 and 835 times, respectively. Thus, a company with revenue of only 4 million UAH in 2012 began to be worth more than 800 million UAH.
At the same time, the public face of the company, Konstantin Kondakov, continued to recommend that investors buy shares of the company, the founder of which is his classmate Alexander Volkov.
Since other companies did not conduct transactions with shares of these companies, the National Securities and Stock Market Commission considered such a jump to be unfounded, and the transactions themselves were price manipulation.
“Sortis” and “Paritet Investment” were fined 170 thousand UAH each. All attempts to appeal the decision of the market regulator in the courts led to nothing. The turnover of shares of Internet Global Technology and PJSC Forex Ememsis Group was suspended by decision of the commission.
Thus, there is a scheme to artificially “pump up” the value of securities. It would seem that the government clearly showed how MMCIS works and decided to remove this technology from the market.
On December 21, 2012, Development Director and co-owner of MMSIS Investments Alexander Goncharov tried to convince the AUFT board that the company would improve. The promises were not heeded, because in two months she did not fulfill the requirements of the association.
On the same day, by a unanimous decision of the council of the association, MMSIS Investments was expelled from its membership. Due to the lack of membership in the SRO, on February 26, 2013, the National Securities and Stock Market Commission deprived the company of its licenses. All lawsuits of MMSIS Investments against the AUFT and the National Securities and Stock Market Commission were lost.
The decision of the Supreme Administrative Court of March 23, 2014, which declared the deprivation of a license illegal, was unexpected. The company hastened to inform customers about this by launching another advertising campaign.
However, it was not possible to return the license to MMSIS Investments due to lack of grounds. To obtain a license, you must be a member of the SRO. It will be difficult to force AUFT to accept the company into its association.
Be that as it may, MMCIS is the most alive of all living things. Judging by the amount of advertising and the opening of offices, the structure continues to collect money from the population.
Kondakov also acts as a philanthropist. He has a foundation that helps children. He also founded the Institute for Economic Development of Ukraine. He became its director
