Former Bitsonar cryptocurrency fund employee Yaroslav Stadchenko (also known as Yan Novak) has reported misconduct by the founder of the company, Alexander Tovstenko, to the U.S. Federal Bureau of Investigation.
In a copy of the ForkLog submission, he recounts that Bitsonar’s business model shows signs of a pyramid scheme: the fund’s trading bot was operated manually, and management did not plan to return investors’ funds.
Stadchenko accuses Tovstenko of six counts of fraud related to banking activity and the sale of securities, carried out using computers and other devices, which caused substantial damage to the United States.
He demands that an investigation be conducted into all the facts and that Alexander Tovstenko be held to account.
Earlier, Yaroslav Stadchenko was a former technical employee of the collapsed Bitsonar pyramid, which marketed itself as an investment fund for algorithmic cryptocurrency trading.
It was Stadchenko who exposed that Bitsonar was a Ponzi scheme and named the true organizer — the former Ukrainian official Alexander Tovstenko.
In an interview with ForkLog, Stadchenko claimed that Tovstenko has ties in the security services.
On August 26 in Kyiv, Yaroslav Stadchenko was kidnapped by unknown individuals. As later revealed, this was done by SBU officers to stage his murder. The client was arrested during the transfer of the second part of the payment to the killer.
In photographs of the detainee released by the agency, a person resembling Alexander Tovstenko is shown.
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