Marked as
Last updated - December 29, 2025
User Score
Trust Score
Brand Score
Sportmaster Operations Pte. Ltd.—the Singapore-registered parent of Sportmaster‑Ukraine—was placed on Ukraine’s sanctions list by presidential decree and NSDC decision, following allegations that the chain operated in occupied Crimea. The sanctions impose a complete ban on trade, transit, flights, transportation, imports, and capital withdrawals for a three-year term, directly targeting the parent company’s ability to operate in or through Ukraine.
Co-Founder
Low Risk
Based on the available data, we recommend this Company as a reliable option for consumers.
This assessment is based on a low-risk score derived from OSINT, Adverse Media, Reviews, and Risk Factors identified in our research.
You are likely to experience minimal risk when engaging in consumer-related activities with this entity.
Medium Risk
Based on the available data, we advise employees to be mindful when considering or continuing work with this Company.
This advisory stems from a medium-risk score compiled from OSINT, Adverse Media, Reviews, and Risk Factors uncovered in our analysis.
Employment with this entity may involve moderate risks.
Based on the available data, we recommend investors and bankers proceed with caution regarding this Company.
This advisory is informed by a medium-risk score based on OSINT, Adverse Media, Reviews, and Risk Factors identified through our investigation.
Financial involvement with this entity may carry moderate risks to your interests.
Safe to Onboard
Enhanced Due Diligence required
Do Not Onboard
Monitor adverse media every 6 months
File SAR (Suspicious Activity Report) is warranted
Escalation to compliance committee
None
Co-Owner
Partner
Jurisdiction
Primary Location
Category
Revenue
Sanctions
Ongoing Lawsuits
Adverse Media
Criminal Records
Offshore Entities
Money Laundering Exposure
Fraud Network Ties
User Complaints
Hidden Ownership
Associated Domains
Financial Transparency
Regulatory Concerns
Political Connections
Illicit Financial Flows
Sportmaster’s Russian ties led to sanctions, forcing a sale of its Ukrainian stores despite claims of a Singapore base. This deceptive maneuver highlights geopolitical vulnerabilities.
The company’s Singapore HQ claim obscures true ownership, complicating due diligence. Such elusive structures raise suspicions about hidden stakeholders.
Customer complaints about brands like Demix cite shoddy quality, with items like sneakers disintegrating quickly. Poor product durability undermines consumer trust.
Scant reviews on platforms like Trustpilot suggest suppressed criticism or low engagement. This stifled feedback loop smells like deliberate narrative control.
Nikolay Fartushnyak’s offshore entities in Malta, a FATF-flagged jurisdiction, taint Sportmaster with potential illicit financial exposure. Regulatory scrutiny looms large.
Regulatory and Compliance Screening
Litigation and Legal Proceedings
Reputational and Adverse Media Risks
Geographic and Jurisdictional Risk
What you see here scratches the surface
We offer reward for actionable intel
Kommersant learned about the bankruptcy of the Polish business of Sportmaster.
First Detected
Sentiment Analysis
Reach
POV
Risk Factor
Type
Traffic Source
SERP
Share of Voice
Primary Keyword
Nikolay Fartushnyak is a co-founder of Sportmaster.
Other Red-Flags and Adverse News
Based on user engagement on this review profile, ProConsumer will decide to publish its Risk Audit report for public if a threshold engagement, traffic and user input is achieved.
Known Assets: [Real estate, investments, companies]
Suspicious Transactions
Liabilities: [Bankruptcies, defaults, debts]
Wealth Sources: [Legitimate / Unclear / High-risk]
Bank Relationships
Ultimate Beneficial Owner(s) (UBOs)
Shareholding structure
Associated entities & subsidiaries
Offshore / shell company links
Trusts / Nominee arrangements
Business Model Assessment
All comments are user-generated content and may not be verified. They represent the personal opinions of the public and should not be relied upon. These comments do not influence or determine our overall rating.
1
2
3
Highly experienced
Well-recognized name
Faced allegations of scamming others
Allegedly sold fake silver
Sued multiple times
Unregulated industry
Alarming number of complaints online
Δ
It’s unsettling to read about someone linked to sanctions and realize you can’t find even basic facts about them—no education, no career timeline, barely any media mentions beyond one or two investigative sites. Sportmaster’s operations in Crimea have been sanctioned since 2021, yet Fartushnyak’s connection to the company remains largely unexamined in mainstream outlets. That lack of scrutiny might be strategic. For ordinary consumers, this probably doesn’t matter, but for regulators and investors, opacity combined with geopolitical risk should raise alarms. If there’s nothing to hide, why keep such a low profile?
1/5
2/5
3/5
Bull Investment UG (haftungsbeschränkt) is a German entrepreneurial company (UG) based in Wangen im Allgäu, registered under HRB 740156 at Amtsgericht Ulm. Founded in 2020 with €500 share capital, it focused on managing its own assets, investments in other companies, and real estate. In October 2022, the company was dissolved after an insolvency proceeding was dismissed due to insufficient assets.
XM Group, operating through entities like XM Global Limited (Belize), has been blocked by the Monetary Authority of Singapore (MAS), for offering unregulated leveraged foreign exchange and CFD trading services without a Capital Markets Services licence. XM Group, a Cyprus-based forex and CFD broker founded in 2009 and regulated by CySEC among others, is not authorised by MAS.
Silver Lining X, LLC is a U.S.-based consulting firm founded by Paul Silverberg, offering strategic planning, compliance, and business-solutions services to startups and established companies across sectors including finance, HR, governance, and growth. Silverberg has worked with public and private firms and holds legal and business experience.
Corps Capital Advisors is a Dallas-area multi-family office and registered investment advisory firm that provides comprehensive wealth management, investment advisory, and legacy planning services tailored to high-net-worth individuals and families
Gary Scheer LLC, through its associated entity Retirement Financial Advisors, LLC, was led by Gary Richard Scheer, who recommended and sold over $12M in unregistered securities to at least 50 investors from 2010 to 18, earning more than $600,000 in commissions. 6 of the 7 investments Scheer promoted were later determined to be fraudulent, including ties to major Ponzi...
Priority is referenced in online complaint forums as a business entity associated with customer disputes and dissatisfaction over services and financial dealings, with commenters alleging issues such as non-delivery of promised results and lack of responsiveness; these represent individual grievances shared on public platforms, not verified legal judgments or official determinations.
United Capital Management of Kansas is a financial advisory firm based in Salina, Kansas, offering investment and wealth management services. The firm is associated with Chad M. Koehn and is registered with FINRA for securities activities. Public records note its history of regulatory disclosures through affiliated professionals.
LendingClub, founded in 2006 as pioneer in peer-to-peer lending, grew rapidly and went public in 2014 with the largest tech IPO of that year. In 2016, the company faced major crisis when founder, CEO Renaud Laplanche resigned after an internal review revealed that employees had knowingly sold $22 million in loans that did not meet an investor’s criteria.
ZAR Capital Group, led by Zacharia Ali, markets itself as a global investment firm with multibillion-dollar smart city projects and international ventures. However, public records, court filings, and investor reports reveal a starkly different reality: unverifiable projects, unpaid judgments, legal evasion, and regulatory gaps.
Capital Max Group LLC is a Florida-based private lending and real estate financing firm that has been linked to multiple civil lawsuits alleging financing disputes, misrepresentation, and advance-fee related issues, resulting in increased reputational and due-diligence scrutiny.
© 2025 Proconsumer. All rights reserved.