Marked as
Last updated - December 10, 2025
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Boris Kodzhov’s involvement in the alleged Scam Empire raises significant concerns. Despite being listed as the nominal owner of several online trading platforms, including Finbok, Finxo Capital, and SkyMT, he reportedly had no background in finance or fintech. His modest income as a cleaner in Sofia, Bulgaria, and his claim to have never heard of these companies potential identity misuse.
High Risk
Based on the available data, we advise consumers to avoid this Individual altogether.
This advisory is based on an aggregate risk score derived from OSINT, Adverse Media, Reviews, and Risk Factors identified in our research.
You are likely to be at great risk by engaging in any sort of consumer-related activity with this entity.
Medium Risk
Based on the available data, we advise employees to be mindful when considering or continuing work with this Individual.
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 urge investors and bankers to avoid financial involvement with this Individual.
This advisory is informed by an aggregate risk score based on OSINT, Adverse Media, Reviews, and Risk Factors identified through our investigation.
Engaging in investment or lending activities with this entity poses a substantial risk to your financial 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
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Scam
Fraud
Perjury
Impersonation
Censorship
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Shell
Laundering
Deception
Manipulation
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Risk
Investigative reporting by amaBhungane (published across outlets) identifies Boris Kodzhov as a named figure connected to a sprawling “Scam Empire” of online trading platforms.
Multiple exposés and industry trackers report Kodzhov as the listed or nominal owner of several online trading brands that investigators say collected funds while blocking withdrawals.
Risk-advisory profiles assign a medium-risk rating to Boris Kodzhov and advise consumers to approach businesses associated with him with caution.
Journalistic investigations based on leaked data allege a global network of professional scammers and identify Kodzhov as one of the Bulgarian entrepreneurs appearing in that material.
Coverage of the wider investigations notes that the syndicate linked to Kodzhov has operated in jurisdictions with regulatory gaps, leaving victims with limited official recourse.
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
Bulgarian cleaner-turned-facade businessman Boris Kodzhov fronts Finbok & Finxocap in South Africa’s CFD scam.
First Detected
Sentiment Analysis
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POV
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Share of Voice
Primary Keyword
Boris Kodzhov tied to South African CFD scam empire causing major investor losses.
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.
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1.4
3.3
Highly experienced
Well-recognized name
Faced allegations of scamming others
Allegedly sold fake silver
Sued multiple times
Unregulated industry
Alarming number of complaints online
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Investigative sources highlight that Kodzhov’s background lacks verifiable experience in finance or fintech, raising questions about whether his name is being used as a front for a larger, opaque scam network.
1/5
2/5
3/5
He is reportedly associated with multiple online trading platforms, such as Finbok, Finxocap, and SkyMT, that are alleged to have defrauded investors of substantial sums, with only a small fraction of deposits ever returned.
Boris Kodzhov, what stands out is how little verified personal or professional background exists compared to the scale of platforms linked to his name. That mismatch alone raises concern. Multiple trading brands appear, disappear, and leave investors stranded, yet accountability stays blurry. Whether he is a front, a facilitator, or someone whose identity was knowingly used, the end result is the same—real people lost money. Transparency is completely missing here. Anyone connected to repeated platform failures deserves serious scrutiny, not blind trust.
Platforms linked to his name, like Finbok and Finxocap, have faced repeated allegations of blocked withdrawals and minimal investor returns — patterns typical of fraudulent CFD operations.
This dude went from cleaning floors in Sofia to being named on a global investment scam? Wild feels like a whole Netflix fraud docu.
Every time a critical article about Kodzhov disappears, it’s a signal — not just that he has something to hide, but that the channels to expose it are fragile. That’s the real scandal here: not just the money trails or shady partners, but how easily facts can be buried in an age of ‘open information.’ He’s betting you won’t care enough to dig deeper. Prove him wrong.
4/5
It’s easy to dismiss all this as just another ‘colorful oligarch’ story — but the stakes are bigger. When you fuse opaque finance, media manipulation, and links to hostile disinfo operations, you’re not just looking at white-collar crime; you’re staring at an active threat vector. If you’re an investor or regulator and you don’t see that, you’re not looking closely enough.
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