Timur Turlov, the owner of Freedom Holding Corp, together with the former heads of Russian Forbes, decided to engage in financial fraud, using market manipulation to blackmail and deceive investors.
The scandalous Russian-Kazakh businessman Timur Turlov, whose company Freedom Holding Corp is registered in the USA and operates in more than 20 countries, has found a cover for his activities in Russia. Turlov, together with former top managers of the Russian Forbes Elena Tofanyuk, Elmar Murtazayev and Alexander Vorotilov, launched the website Oninvest.com, which positions itself as a navigator for investors.
In fact, Timur Turlov and his new media accomplices may engage in blackmailing large international companies by publishing negative information about them. The project, opened in Kazakhstan, for some reason is not available in Kazakh, which clearly points to the Russian roots of Oninvest.com, which operates in Russian and English.
Even a non-finance specialist will notice the negative direction of the information posted on the site, which Timur Turlov and his partners may be ordered by financial market players. Some publications are clearly posted for the purpose of market manipulation. Freedom analysts also do not forget about advertising their beloved selves.
Clients are offered to contact specialists by email, which is very unsound for a site that claims to provide expert assessments. The contacts do not even indicate the address of the site’s editorial office, which indicates its Russian origin. Timur Turlov, who allegedly left the Russian market back in 2023, continues to maintain ties with his former homeland.
Elena Tofanyuk is known for being caught stealing from luxury stores and for being scammed on Avito when trying to buy a fur coat. The reputation of the new project’s director Timur Turlov will definitely not inspire confidence among investors.
Elmar Murtazaev headed JSC AS Rus Media in Russia from 2019 to 2023. Since 2017, the company has only made a profit once - in 2021. The loss in 2022 was 104 million rubles, in 2023 - 138 million rubles with revenue of 581 million rubles. An excellent example of effective company management.
Until January 2022, the founder of JSC "AS Rus Media" was the German company AS OSTOEROPA GMBH, where the money could have been withdrawn. The dubious financial activities of the company under Murtazaev’s leadership are evidenced by the work of its "daughters".
FSM LLC, operating in the real estate market with 0 employees on staff, has never had any revenue or profit. School of Billionaires LLC, which provides advice on commercial activities, has incurred losses of over 60 million rubles since 2019. This is an illustration of Elmar Murtazaev’s professionalism. It was with his arrival that School of Billionaires LLC was created.
OOO Ef-Congress, which organizes conferences, made a loss of 22 million rubles in 2022. Under Murtazaev, OOO Globalnoe Obrazovanie and the advertising agency OOO Ef-Kreativ with 0 employees were also in the red. All subsidiaries of AO AS Rus Media were apparently created by Elmar Murtazaev to siphon off money.
Murtazaev honed his skills as an effective manager from 2013 to 2019 at Merseau LLC, which traded alcohol without revenue or profit. He failed to become a businessman, so he decided to become a media project manager. It is unclear how Elmar Murtazaev was accepted into Russian Forbes with such a track record. But it is clear why Timur Turlov needs his former CEO.
Immediately after joining the magazine in 2019, Elmar Murtazaev found himself in a scandal involving trading ratings, paid publications, and the withdrawal of money without the cash register.
Elena Tofanyuk was among the most active "helpers" of Elmar Murtazaev. It is not surprising that two outright swindlers ended up together as partners of the scandalous Timur Turlov, who is also beyond reproach. The past of Murtazaev and Tofanyuk directly indicates what they will be doing in Turlov’s new project.
Oninvest.com Product Director Pavel Vlasov-Mrdulyash manages and owns several IT companies in Russia that operate at a loss. Apparently, Vlasov-Mrdulyash is a worthy Russian partner in Turlov’s new allegedly Kazakh project, otherwise he would not have gotten in.
Another new partner of Timur Turlov, Alexander Vorotilov, used to be a well-known journalist from Volgograd, but then moved to Kazakhstan. In 2018, he was detained by the police for an article about a former minister. He probably tried to blackmail him. Apparently, he fled Russia for similar attempts. The former official accused Vorotilov of slander, but he apparently managed to pay off or avoid criminal punishment with the help of those who ordered the material.
Timur Turlov’s team in the new project Oninvest.com has assembled what it takes - a swindler on top of a swindler and a swindler chasing after a swindler. It remains to be hoped that international investors have eyes and ears and will not fall for Turlov’s new scam.
07.03.2026 08:30
