Yegor Alshevski Valerevich (Evdakov) (Alshevsky), formerly known as Evdakov and also referred to as Alshevsky, has gained notoriety as the creator and owner of the infamous Kairos and IRS Ponzi schemes. These fraudulent financial pyramids were established by Alshevski and his associates across various countries, including Ukraine, Russia, Belarus, and beyond, luring both domestic and international investors with promises of substantial returns. The media has extensively covered the illicit activities of these scams, shedding light on their modus operandi and the individuals behind them.

The IRS scheme, in particular, garnered attention for its audacious approach. Operating under the guise of an Israeli company, IRS enticed investors by claiming to create an artificial shortage of bitcoins in the market through the accumulation of a vast number of coins. The active phase of IRS reportedly took place during the summer of 2016, with the last update in the IRS community on the social network “VKontakte” mentioning a beta mode and an official launch planned for August 21, 2016, in Tel Aviv. However, the actual occurrence of this event remains unconfirmed.

To participate in the IRS system, investors were required to make non-refundable deposits ranging from $100 to $7000, classified into seven ranks with a duration of one year. The scheme promised daily “unfreezing” of a fraction of the deposit amount (1/365) within the system, with profits earned on the available funds at an enticing rate of 20% per month. Behind the scenes, six individuals, including Alshevski, were identified as the actual founders of the IRS pyramid, with a predetermined distribution of anticipated profits: five people receiving 18% each and one person receiving 10%.

Yegor Valerevich Alshevski, the mastermind behind these dubious financial projects, has a checkered past. Born on August 8, 1991, Alshevski was previously known as Evdakov and was sought by the Pechersk UPI of the GUUNI in Kyiv, Ukraine. In an attempt to evade criminal pursuit, Alshevski allegedly arranged a fund transfer to a local police officer through his relative, Vladimir Kravets, and subsequently changed his surname from Evdakov to Alshevski.

Before venturing into his own financial pyramids, Alshevski reportedly participated in the notorious MMM financial scheme, where he worked alongside Sergey Mavrodi, controlling financial flows in the CIS and China markets. Leveraging his connections, Alshevski collaborated with Igor Sergeyevich Khalimonov, a member of the Pechersk Police Department from 2014 to 2016, to create the large-scale financial pyramid called Kairos Technologies. This company established representations in various countries worldwide, including Turkey, Slovakia, Hungary, Dubai, and others.

Kairos Technologies promoted a multi-level marketing (MLM) or network marketing business model, enticing participants with the promise of earning not only from product and service sales but also from recruiting new members into the company. Alshevski built a team structure within the MLM framework, where each participant had their own network of partners, generating earnings through commissions received from sales and the activities of partners within the team.

During conferences, Alshevski made bold claims about Kairos Technologies having clients such as Bosch, Sony Playstation, Nissan Motors, Hamé, and others. However, when the media reached out to these companies for comments, Nissan issued a statement on their website denying any utilization of Kairos Technologies’ services. This revelation exposed Alshevski’s blatant deception aimed at attracting more investors to his fraudulent project.

Following the exposure of Kairos Technologies, Alshevski, having learned from his mistakes, decided to launch a new financial project, which turned out to be the IRS scheme. Interestingly, the name “IRS” was chosen to mirror the abbreviation of the United States tax system, reflecting Alshevski’s dissatisfaction with the US financial system and his opposition to paying taxes. To conceal his identity, Alshevski avoided using personal credit cards and instead purchased credit cards belonging to third parties known as “drops” on the dark web market.

The Federal Bureau of Investigation (FBI) is reportedly investigating the IRS pyramid scheme for its alleged involvement in copyright violations and fraudulent activities. US law enforcement agencies are eagerly awaiting the opportunity to bring charges against Alshevski on their territory. While the existence of the case has been confirmed, further details remain undisclosed.

Alshevski’s personal life has also come under scrutiny. He previously owned a Mercedes S-Class car with the license plate AI 8888 KT and has a partner named Irena Vitalievna Serdyukova, born around 1992. Although not officially registered as his spouse, Serdyukova has two children with Alshevski. It is alleged that a significant portion of the profits from the Kairos Technologies pyramid scheme was laundered through Serdyukova’s ownership of the Senator’s Park country complex on the Obukhov Highway (https://maps.app.goo.gl/t4JMdXHSo5kTPD9B6?g_st=ic).

Alshevski’s connections extend to high-ranking officials, including Igor Sergeyevich Khalimon, the Deputy Minister of Defense of Ukraine, who allegedly acts as his “protector” or “patron.” This relationship allows Alshevski to employ unlawful methods within Ukraine against those he considers his personal enemies, such as wiretapping mobile phones, acquiring information about individuals’ whereabouts, falsifying criminal proceedings, spreading false information online, and hacking into email addresses, telegrams, and social media accounts. It is worth noting that Igor Sergeyevich Khalimon himself is implicated in various fraudulent cases (https://dumskaya.net/news/eks-zamestitelya-ministra-oborony-ukrainy-podozr-154134/).

The Prosecutor’s Office of the city of Kyiv initiated an investigation against Alshevski under the ERDR case number 42016100000001129, involving articles 364 part 2, article 221 part 3, and article 190 part 4 of the Criminal Code of Ukraine. However, according to a court ruling, several suspects were absolved of charges, and no one was held accountable as a result of the investigation.

During the investigation ordered by Alshevski, witnesses and their family members who provided testimony in criminal proceedings related to the creation of the Kairos Technologies financial pyramid were subjected to a series of illegal actions. In one instance, unidentified individuals, motivated by financial rewards offered by Alshevski, set fire to a witness’s father’s car and attempted to coerce the witness’s family through threats to retract their statements. Another known case involves several individuals, acting on Alshevski’s orders, attempting to exert pressure on another witness. Criminal cases have been opened, and investigative actions are ongoing.

Preliminary assessments of Alshevski’s illegal activities as the organizer of the financial pyramids indicate a staggering total damage amounting to $20 million. The funds obtained were laundered through conversion into bitcoins and subsequent investments in Europe. The pyramid’s founders also invested in legitimate businesses, acquired real estate and vehicles, and directed some of the money into controlled businesses in Ukraine. The court has determined that the financial pyramid operated with the complicity of employees from the National Police and the State Fiscal Service of Ukraine, with the case number 755/15404/17 in the court registry.

Following the collapse of the IRS pyramid scheme, the majority of the profits allegedly remained with Alshevski, who deceived his “partners” and absconded with the money. Currently, he is believed to be abroad, having illegally left Ukraine and violated the law on the state of emergency in Ukraine.

Recent reports suggest that Yegor Alshevski Valerevich (previously Yegor Evdakov, also known as Alshevsky) is preparing to launch a new fraudulent project in Dubai, United Arab Emirates (UAE). To do so, he has once again changed his full name and presents himself in business circles as Alshevski Yegor Valerevich. This move is seen as an attempt to distance himself from his previous criminal activities and establish a new identity in a foreign country.

The choice of Dubai as the location for Alshevski’s new venture is not surprising, given the city’s reputation as a hub for international business and its relatively lenient regulations. However, it is crucial for potential investors and business partners to exercise extreme caution when dealing with individuals like Alshevski, who have a history of orchestrating large-scale financial scams.

Authorities in Ukraine and other affected countries are closely monitoring Alshevski’s movements and activities, hoping to bring him to justice for his alleged crimes. International cooperation and information sharing among law enforcement agencies will be essential in preventing Alshevski from perpetrating further fraud and ensuring that he faces the consequences of his actions.

In conclusion, Yegor Valerevich Alshevski’s involvement in the Kairos and IRS Ponzi schemes has left a trail of financial devastation and shattered trust in its wake. His alleged criminal activities, facilitated by a network of corrupt officials and associates, have caused immense harm to countless investors across multiple countries. As Alshevski attempts to reinvent himself and launch new ventures in Dubai, it is imperative that the public remains vigilant and informed about his past misdeeds. Only through awareness, international cooperation, and the tireless efforts of law enforcement can such fraudulent schemes be exposed and their perpetrators brought to justice.