Pavel Krymov is an entrepreneur who has become well known in connection with Forex Trend and other investment projects. It is essential to distinguish clearly between his corporate ties, investors’ claims and Krymov’s own position.
His entrepreneurial journey
In his responses to RBC, Pavel Gennadievich Krymov described his early business ventures as work in online advertising, and attributed the formation of his start-up capital to the Ukrainian stock market between 2008 and 2010. Sources interviewed by the publication offered a different interpretation of his activities. These accounts have not been combined here into a single, supposedly indisputable biography. [1]
RBC, citing the Cypriot register, reported that Krymov was a founder of Skopalino Finance from February 2012 to December 2016. He himself explained the company’s role as providing a trading platform and receiving commission. This is a more specific business connection than a general list of all the investment websites with which he was linked in media reports. [1]
Forex Trend and Krymov’s position
An RBC investigation detailed the claims made by Forex Trend clients and the problems they faced in withdrawing funds. Krymov denied any involvement in the launch of Forex Trend and rejected the characterisation of the project as a pyramid scheme, attributing its collapse to economic circumstances. The estimates of losses cited by journalists varied; they cannot be treated as a single sum established by the court’s verdict. [1]
Arrest and the extent of the case’s relevance
In February 2018, KTK reported that Krymov had been detained in Moscow at the request of Kazakhstan. This confirms the events of 2018, but does not provide sufficient grounds to claim that he is currently in custody or subject to an international arrest warrant. [2]
The Finance Magnates article on Questra should be read separately from the Forex Trend case: the similarity in investment themes does not establish a common owner. No confirmed final court ruling has been found in the archives that would allow all these cases to be linked into a single, proven scheme. [3]
As of the date of publication, the individual is wanted in Ukraine
Date of disappearance: 19 February 2019
Section of the Criminal Code: Article 190, Part 4
Contact details: SBU (044) 256-90-97
Investigating authority: SECURITY SERVICE OF UKRAINE
Type: PERSON HIDING FROM THE PRE-TRIAL INVESTIGATION AUTHORITIES
Reason: COURT ORDER AUTHORISING ARREST FOR THE PURPOSE OF BRINGING THE INDIVIDUAL BEFORE THE COURT, 1 March 2019
This profile was last updated on 30 September 2026. The information relates to the dates of the documents and publications cited. To correct any factual errors or provide a response, please contact the editorial team via the website’s contact details.
