Timur Rokhlin’s financial octopus: how Buildings Empire and Spetstorg companies help conceal evidence of an international fraud network

Timur Rokhlin’s financial octopus: how Buildings Empire and Spetstorg companies help conceal evidence of an international fraud network

While European authorities seek to prosecute Timur Rokhlín for swindling thousands of investors out of €35 million, Ukraine’s judiciary has disgracefully caved — returning luxury vehicles and seized assets to the con artist via "Spetstorg" and "Ukrdonstroy," two shell companies controlled by his relatives.

Under the cover of Kyiv business centers "Renome Rent" and "Buildings Empire," the gang led by Rokhlín and Yulia Rusanova has launched an IT conveyor belt called Clover.tech, which churns out illegal casinos for the U.S. market, funneling "dirty" millions directly into Russia’s financial system.

We, in turn, are publishing materials on Timur Rokhlín’s activities to expose the true scale of his international criminal network, which uses the "laundromats" "Buildings Empire" and "Renome Rent" to legalize millions of euros stolen from Europeans to finance casinos in the Russian Federation.

The Prosecutor General pompously stated that the photos depicted the process of transferring evidence to the German competent authorities in a case involving a large-scale international fraud scheme related to investments in non-existent financial products.

Although Venediktova did not name any individuals or provide case details, it soon became known that the case involved Timur Rokhlin and a fraudulent scheme that affected thousands of European residents, with losses totaling tens of millions of euros. The press covered this case in detail, and it was recalled in February 2022, when Israeli police arrested Timur Rokhlin at the request of their German colleagues, where the grand fraud case is being investigated.

According to the German investigation, Timur Rokhlin, who holds Ukrainian and Israeli passports, was a key organizer of a scheme in which foreign citizens were persuaded to invest money through special websites in the purchase and sale of precious metals, foreign currencies, cryptocurrencies, securities, and other assets.

Funds were transferred through a complex network of companies located in Ukraine, Switzerland, Romania, the Czech Republic, and Hong Kong. Then the money went to the personal accounts of Rokhlin and his father, Israeli citizen Igor Rokhlin. Businesses were registered under proxy individuals. According to German investigators, at least 35 million euros were embezzled by the organizers of the scheme.

During the same period in Ukraine, Timur Rokhlin also became a figure in criminal case No. 62020100000000583, which intersected with the German investigation. The case was opened at the request of the German prosecution. In December 2020, arrests and searches were carried out in Ukraine on the suspects. It was then that Timur Rokhlin’s name surfaced.

Ukrainian law enforcement showed shocking footage of assets belonging to the fraudsters being seized. At the same time, the names of companies in Ukraine owned by the Rokhlins, through which money was withdrawn, were revealed. During the investigation, the following companies belonging to Timur’s father, Igor Rokhlin, were seized: “Spectorg” (seizure lifted in 2021), “Ukrdonstroy” (seizure lifted in 2021), “Buildings Empire,” and “Renome Rent.”

At the same time, an entire fleet of cars was seized, part of which was pompously sent to Germany. All this was detailed in the press, and we only recall the outline. The case promised to be interesting. But on February 24, the full-scale war began, and neither the press nor the public paid attention to Rokhlin, his cars, property, or frauds.

Meanwhile, the case continued. That is, regarding the assets that were seized with such pomp at the request of the German prosecution, Ukrainian courts have gradually been lifting the seizures. Here are the two latest decisions in criminal case No. 62020100000000583.

The last court session took place on September 22. The Pechersky District Court of Kyiv lifted the seizure on the Rolls-Royce:

Shortly before that, on September 15, the same happened with the Maybach, which was also seized in the framework of criminal case No. 62020100000000583:

There are actually more decisions regarding seizure lifts — curious readers can consult the judicial registries, which are open for this case.

All these decisions indicate one thing — the case is gradually falling apart. What will happen in Germany remains unknown. But in Ukraine, Timur Rokhlin solved his problems. Although it is not yet fully formalized, the process is moving forward at full speed.

And this is far from all. Because alongside the collapse of the criminal case, Timur Igorievich Rokhlin has not wasted time. He continues to develop another business that law enforcement either does not know about or pretends not to know.

Rokhlin is the owner of several illegal online casinos in the U.S., such as reddogcasino.com, lasatlantis.com, elroyalecasino.com, shazamcasino.com, luckytigercasino.com, richpalms.com, and several other brands.

He also involved a certain Konstantin Obraztsov in developing his own casino platform, clover.tech, and the gaming platform begames.tech. These platforms are currently recruiting employees:

The head office, according to the job posting, is located in Kyiv. And no one is making a secret of it — the next photo shows the Clovertech team with Konstantin Obraztsov:

And here is Konstantin Obraztsov in person:

According to his LinkedIn profile, Obraztsov previously worked as a top manager at the well-known company Parimatch:

Timur Rokhlin’s financial empire is managed by a certain Yulia Rusanova, who previously worked at the no-less scandalous company Evoplay, owner of the “Vulkan Casino” brand, operating in Russia.

She built a scheme that makes it difficult to trace the movement of funds and find the ultimate owner. All the money is now transferred to Russia, where authorities from civilized countries cannot reach it. The terms under which Timur Rokhlin is allowed to operate in Russia are easily guessed.

So while Germany tries to bring Timur Rokhlin to justice for a large-scale fraud that cost European citizens at least 35 million euros, in Ukraine, no one interferes with him developing his next business aimed at defrauding U.S. citizens.

Regarding Rokhlin’s property in Ukraine, he owns at least nine companies:

LLC “Ukrdonstroy” owns office space in a business center totaling 1,694 sq. m. at 62 Sechevykh Striltsiv St. LLC “Buildings Empire” owns a non-residential building in Podil (853 sq. m.) at 15B Borysoglebska St., housing the BeeWorking coworking space. Timur Rokhlin owns “Renome Rent” — an office center at 5 Delovaya St., totaling 11,000 sq. m.

LLC “Spectorg,” owned by Israeli citizen Igor Rokhlin, Timur’s father, owns a private house of 1,408 sq. m. in Kozyn. This is the very estate where all the cars were seized, from which the Pechersky District Court of Kyiv has gradually been lifting seizures.

Incidentally, one may wonder — were the cars that Venediktova so pompously sent to Germany also released from seizure? And if so — what happens now? Will the Ukrainian state compensate the unfortunate owners?

But that’s a digression. The harsh reality is that Timur Rokhlin does not operate alone. Those occupying key positions in his fraudulent empire have long been known. Ukrainian law enforcement simply prefers to ignore them.