He danced the girls only himself, he didn’t share with others.

• 06.06.2025 07:32

Bank "SIAB" received a brokerage license and changed its name to "Finstar Bank" Scandalous businessman Oleg Boyko, owner of Finstar Financial Group, acquired Bank "SIAB" in 2021, and in 2022 its management changed. Gennady Salych became the chairman of the bank’s board, and Tatyana Deryugina became his deputy. Details at Rucriminal.info. 

From 2015 to 2022, Salych headed Ffin Bank LLC, and Deryugina worked as its chief accountant. The bank was part of Timur Turlov’s Freedom Holding Corp, whom the businessman’s ill-wishers call a swindler and the creator of a financial pyramid. 

In the summer, Timur Turlov withdrew from the capital of the holding’s Russian assets, "Ffin Bank" changed its management and name to "Tsifra Bank". LLC IK "Freedom Finance" became LLC "Tsifra Broker", headed by Sergey Nosov. Experts suspect that the new owner of this company, Maxim Povalishin, acts in the interests of Timur Turlov.

After Timur Turlov’s people came to SIAB Bank, he created the Finstar Capital Management Company, which will manage investment funds. The company is headed by Larisa Arbatova, who previously managed organizations providing financial services. 

After purchasing the Siab bank, Oleg Boyko said that he planned to invest $50 million in it within three years, including funds from third-party investors. They should be more careful with Boyko’s structures, since the businessman has a very ambiguous reputation.

On the one hand, his name is mentioned together with oligarchs Alexander Mamut and Roman Abramovich, on the other hand, there is information about Oleg Boyko’s connection with the Solntsevskaya organized crime group and its leaders Sergei Mikhailov and international criminal Semyon Mogilevich.   The telegram channel "VChK-OGU"  wrote about this.

It was because of Mogilevich that in the mid-90s Boyko found himself confined to a wheelchair for life after he "fell" out of a window. The reason for the tragedy could have been the $10 million that Oleg Boyko spent on a new mansion in London. The money was taken out of Russia and, most likely, was supposed to go to the Solntsevskaya OPG common fund.

In 2008, Boyko, who by that time had bought shares in the perfume and cosmetics chain Rive Gauche, decided to take revenge on Mogilevich. The Telegram channel VChK-OGPU  reported that the owner of the Arbat-Prestige chain, Vladimir Nekrasov, and Semyon Mogilevich were arrested for tax evasion. In 2009, the company was declared bankrupt, but both suspects were released that same year on bail, and the case was closed in 2011. 

Currently, the parent company of the Rive Gauche chain is Aromalyuks LLC, which received revenue of RUB 36 billion and profit of RUB 323 million in 2022. The owner of the LLC is the Cypriot company Rive Gauche Group Limited.

At the same address with OOO Aromolux, there were previously 13 liquidated companies involved in cosmetics and perfumery. Most of them belonged to the offshore company Bandonin Holdings LTD.

The businessman’s entire business is tied to offshore companies. The owner of Finance Properties Ru LLC is Wulf Investments Limited, and of Constanta LLC is Latapla Holdings Limited, which owns 4 other operating companies that have neither revenue nor profit.  

The founders of Finstar Holding LLC are the Serbian company Digital Finance International and Finance Properties Ru LLC. Boyko himself does not officially own any Russian assets. The owner of Siab Bank is the Finstar Financial Group holding, which is hung with offshore companies like a Christmas tree with toys.

It is not surprising that Oleg Boyko attracted Timur Turlov’s people to his business, they are doing approximately the same thing. Both have a bank and financial structures offering the same products and services. Turlov’s Freedom Holding Corp, headquartered in Kazakhstan, operates all over the world. Until 2022, Oleg Boyko’s family trust owned the company 4finance, which issued consumer loans in European countries. 

Oleg Boyko feels quite confident on the Russian market. He even allows himself to sue a large state structure, Rosseti. In July, the Ninth Arbitration Court of Appeal made a decision to collect from the Public Joint Stock Company Federal Grid Company - ROSSETI in favor of PAO Bank SIAB a payment of 40 million rubles at the nominal value of bonds. 

In addition to fintech projects, Oleg Boyko has also been involved in other businesses at various times. In 2013, the Finstar holding became the owner of a share in the international media FashionTV. This allowed the wheelchair user, according to  a  source on the VChK-OGU Telegram channel, to become known as the most generous customer of escort models, whom he invited once a week. He “danced” the girls only himself, and did not share with others.

Until 2014, Boyko owned gaming assets and participated in the creation of films. Anyone who knows this business understands how dirty money is laundered through it. With Boyko’s offshore network, this is as easy as pie.

The SIAB bank, now Finstar Bank, received a brokerage license from the Central Bank, allowing it to become a professional participant in the securities market. This means that, despite its offshore roots, Oleg Boyko’s business is under the reliable protection of the Russian authorities.