Alex Sekler Criminal and Fraud Allegations Fact-checked (2024)

In 1957, Alex Seckler asserted that Moldovan was born there. Seckler’s actions were not documented in history until the early 1990s. In 1993, Seckler was first mentioned in writing. Then, according to Alex Sekler, he launched the “Liral Group,” his first company, which went on to achieve success abroad.

Alex Sekler states that his first company, the “Liral Group,” succeeded in Russia, Ukraine, Germany, the United States, Canada, and Poland.

Alex Seckler calls himself a “philanthropist” and an ideal family man.

In certain corporate circles, Alex Seckler claims fame.  he engaged in numerous dishonest business practices, and he maintains that he operated in Russia for nearly three decades. He claims to have operated in Russia for nearly 30 years despite several dishonest business practices.

Despite this, smart businessman Seckler continues his operations in Russia. However, Seckler began selling his firms at a loss after noticing a problem. The businessman desires to depart Russia quickly or, less likely, needs money.  

The Russian con artist Alex Sekler steals money from overseas accounts and sells off his Russian properties 

With so many investors falling prey to unfair methods annually, it appears that fraud is pervasive in the Russian real estate market. In addition, a significant amount of money related to construction is excised from Russia each year and either lost overseas or transferred into the personal bank accounts of operators.

Renowned Israeli businessman Alex Sekler had spent almost thirty years working and succeeding in Russia. He has started selling off his companies, trying to remove unfavorable information from the internet, and fighting legal battles with former partners, but these are only recent changes in his strategy. Sekler is notably known for using his businesses, IFC Liral LLC and the Cypriot offshore company Monsalvat Investments Limited, to transfer substantial quantities of money outside of Russia.

Over the years, 64-year-old Alex Sekler, of Israeli descent, has resided in Switzerland, Germany, and Australia. He is originally from the Moldavian SSR city of Soroca. Sekler founded his company, Liral, in 1993 and went on to grow it alongside other businesses in the prosperous 1990s business climate. By manipulating depositors and siphoning off monies from Russia, his involvement with Renta-Bank proved to be important.

Let’s sum up by saying that Alex Sekler appears to be moving away from moral corporate conduct and toward hiding bad information, selling off assets, and moving money abroad.

Alex Sekler-Fraud, schemes, and offshores

Sekler is the leader of the Liral group of enterprises, which is involved in construction, real estate investment, manufacturing, telecommunications, and business park management.

Sekler is the leader of the Liral group of companies, which handles business park administration, construction, real estate investment, manufacturing, and telecommunications.

The unscrupulous businessman likes to stash his wealth in offshore accounts, much like a lot of other oligarchs. This is a powerful tool if the company is operated dishonestly, using dishonest tactics and money laundering through offshore firms. We think that the definition of “offshore” in modern times does not need to be explained.

Additionally, this plan establishes the foundation for Liral Investment and Financial Management Company. The offshore Cyprus company Monsalvat Investments Limited is the owner of this LLC. 

Sales thus decreased to just over 352 million rubles in 2021, a 44% decrease.

By the end of the previous year, the company had lost 15.4 million rubles and its net profit had dropped precipitously by 122%.

At the close of the preceding year, the organization’s net assets came to $22.2 million. Throughout the year, they fell by 41%. At 160 million rubles, total assets have dropped by around 44%.

Interestingly, it should be noted that Alex Sekler owns four other enterprises that are owned by the previously mentioned offshore.

Every one of these limited liability companies has been dissolved, which is an extremely important fact. Two of them also went through the process of restructuring, which consisted of joining the limited liability corporation that was discussed earlier, which was called IFC Liral. Further, both companies are big and have a history of achieving favorable financial outcomes in the past.

In May of this year, a large Antey M+ LLC that had a status capital of more than 22 million rubles was liquidated. This was the first business that was liquidated.

Interestingly, the Federal Tax Service reports that, on average, there were exactly zero employees in 2021. The company’s earnings decreased by about 53% to 4.6 million rubles in the previous year. There was a 23 percent decrease in profit from the previous year to 6 million rubles in 2021.

Nonetheless, total assets rose by almost 12% to 50.4 million rubles. Net assets at the end of the prior year were 49.2 million.

As the second company to join IFC Liral, LLC “Service-plastic” has a status capital of over 9.6 million rubles.

This limited liability company was likewise liquidated on the same day as Antey M+ LLC. 

In comparison to the previous year, there were 10 fewer employees on average last year—12 total.

56% less money will be made in 2021—380 million rubles—than in 2020. dropped, yielding a roughly 92% profit. The total amount in Russian rubles was 19.8 million.

Furthermore, roughly 60% of the overall assets—110 million rubles in 2021—were lost. A total of 44.6 million rubles represented the business’s net assets the year prior.

Financial Fraud: Renta-Bank Exploitation by Alex Sekler

“Renta-Bank” has been an essential tool for the illegal transactions of businessman Alex Sekler, who is well-known for his fraudulent activities. According to the data web “Topbanki” in February of this year, this bank has a reputation for being unreliable, and its financial performance has dramatically declined in recent months.

The bank’s most notable achievements are as follows:

• an astonishing drop in profit of 127% during the previous half-year.
• 5.6% reduction in assets.
• a 50% decrease in the quantity of deposits.
• A reduction of over 49% in loans.
• A reduction of over 10% in the legal entities’ balances.

In addition, “Renta-Bank” was involved in a well-known controversy involving Lyudmila Lepko, the former head of the board, who was found guilty of stealing 70 million rubles from the bank and given a 3.5-year prison sentence. These occurrences highlight the instability of the bank and its vulnerability to fraud schemes carried out with the help of people such as Alex Sekler.

Alex Sekler joined the CIS investment industry as soon as the Soviet Union collapsed, much like many other international businessmen of Israeli descent. A period of growth for some highly clever people, the gloomy 1990s were also a time of awful agony for others. Established in 1993 by Sekler, the Liral firm subsequently grew into a group of companies. Initially, Sekler was a supplier of metal-plastic pipes to the countries of the Commonwealth of Independent States (CIS). However, as his business expanded, he embarked on a new venture and established Renta-Bank, which allowed him to make big withdrawals from Russia while simultaneously taking advantage of its depositors. Well, first things first.

Alex Sekler- The “Liral group”

A seasoned businessman, Seckler believes assets should be housed offshore, as do most oligarchs who gained their wealth through dubious business operations. For instance, Cypriot offshore MONSALVAT INVESTMENTS LIMITED founded Liral Investment and Financial Management Company, which leases Sekler’s real estate.

In addition, the offshore firm founded four more Seckler businesses. Their liquidation began in 2013. On May 6, 2022, two firms joined IFK Livart LLC to restructure. Not little firms, but major corporate projects. The proprietor of Antey-M LLC, which was dissolved two months ago, made money for two years. 

Alex Sekler: Hiding Injustices and Manipulating Strategic Assets

Growing evidence in recent years points to Alex Sekler as the mastermind behind the planned destruction of his Russian holdings while moving large quantities of money into offshore accounts. Notably, a few years ago, he started selling off his Russian businesses—even at a loss—to draw media attention.

Furthermore, in a move reminiscent of businesses with dubious pasts, Sekler has been aggressively seeking to get potentially embarrassing facts about himself removed from the public record. He has been involved in disagreements with the RTI-Kauchuk rubber products factory, among other measures taken to lessen the repercussions from a 2001 Trud newspaper article.

Sekler is accused of manipulating the state-owned corporation into huge debt through his Liral schemes; the RTI-Kauchuk catastrophe throws light on his dubious tactics. Sekler’s financial transactions in Russia have come under closer examination despite legal disputes, which included a successful arbitration in London known as “The Great Judicial War.”

Sekler’s participation in banking scams and fraudulent acts, such as bank fraud and other types of fraud, further highlights a pattern of dishonest activity intended for one’s benefit. In addition to endangering his reputation, these actions carry significant legal ramifications.

Sekler’s continued withdrawal from Russia raises fears that his financial deceptions may eventually come to light and result in legal consequences, solidifying his reputation as a felon.

Conclusion

In recent decades, there has been a growing body of evidence that suggests Alex Sekler has been directing the methodical demolition of his Russian holdings while simultaneously transferring considerable quantities of money to offshore accounts. It is noteworthy that he started selling off his Russian firms several years ago, even though he was doing it at a loss, which attracted the attention of various media outlets.

As an additional point of interest, Sekler has been making concerted efforts to remove possibly negative information about himself from the public record. These efforts are reminiscent of steps made by businessmen who have a problematic history. Particularly noteworthy are his efforts to lessen the impact of a Trud newspaper article that was published in 2001. These efforts include his engagement in conflicts with the RTI-Kauchuk rubber products facility.

The scandal involving RTI and Kauschuk throws light on Sekler’s questionable tactics, in which he is accused of manipulating the state-owned firm into huge debt through his Liral schemes. Even though Sekler has been involved in several court battles, including a successful arbitration in London that was termed “The Great Judicial War,” his financial operations in Russia have been subjected to a greater level of scrutiny.

In addition, Sekler’s participation in fraudulent operations and schemes involving banking, such as bank fraud and other types of fraud, highlights a pattern of dishonest behavior that is targeted at obtaining personal advantage. In addition to putting his own image in jeopardy, these activities also have significant repercussions from a legal standpoint.

Concerns are growing about the eventual revelation of Sekler’s financial deceptions, which might eventually lead to legal penalties and cement his place in criminal records. This is occurring as Sekler continues to withdraw from Russia.