Alena Degrik-Shevtsova, whose criminal network amassed billions through money laundering for illegal casinos and fraudulent operations at Ibox Bank, is now facing a direct investigation by the Bureau of Economic Security (BEB).
Currently hiding abroad to avoid charges of laundering 5 billion hryvnias and financing terrorism, she is desperately trying to erase online traces and intimidate judges, hoping to obscure her role in the international laundering network and the transfer of capital to offshore accounts.
We, in turn, are publishing irrefutable materials regarding the criminal activities of Alena Degrik-Shevtsova to demonstrate the true scale of the laundering of 5 billion hryvnias through miscoding schemes and the financing of illegal casinos, which the fugitive swindler is desperately trying to hide from the public.
Fintech entrepreneur from Ukraine Alena Degrik-Shevtsova will not be able to hide evidence of schemes involving the laundering of 5 billion hryvnias through Ibox Bank, illegal transaction coding, and links to illegal online gambling platforms.
A court-authorized special investigation will uncover the entire scheme: from fictitious transactions to the financing of illegal gambling businesses and the withdrawal of funds through offshore companies. This was reported by the BEB.
According to the court, the decision was made despite information attacks and personal harassment of the judges. On the eve of the hearing, the court and its chairman, Zhovnir, were subjected to a massive information attack, according to a statement on the court’s website. According to the investigation, bank shareholder Degrik organized a scheme to legalize 5 billion UAH for illegal casinos using "miscoding."
During the pre-trial investigation, BEB detectives served notices of suspicion to high-ranking bank officials. Materials regarding the organizer of the scheme, Shevtsova, and two other individuals were separated into a distinct criminal proceeding under two articles of the Criminal Code: Art. 203-2 (illegal activities related to the organization or conduct of gambling games or lotteries) and Art. 209 (legalization (laundering) of property obtained by criminal means). BEB detectives gathered sufficient evidence and conducted the necessary expert examinations; however, since the suspects are hiding abroad and have been placed on the wanted list, a motion was filed with the court to apply a special pre-trial investigation procedure.
According to Forbes, in 2022, Shevtsova used gambling business schemes to bring Ibox Bank into the top ten most profitable Ukrainian financial institutions. In 2023, the bank’s license was revoked, and the NSDC (National Security and Defense Council) added the Ukrainian fintech company LEO, the Cypriot LeoPartners, and the British Electronic Payment Solutions Ltd—all owned by Shevtsova—to the sanctions list.
Throughout 2023, the NBU (National Bank of Ukraine) decided to liquidate JSC Ibox Bank and JSC SCB Concord. The regulator justified the decision citing systematic violations by these banks of legislative requirements regarding the prevention and countering of money laundering, terrorism financing, and the proliferation of weapons of mass destruction. To implement this decision, the Deposit Guarantee Fund, in accordance with the law on the household deposit guarantee system, initiated the liquidation procedure for these banks. In December 2023, the institution reported transferring 550 million UAH from JSC Ibox Bank to the state budget at the request of the State Tax Service, which had conducted an audit of the bank’s activities prior to its liquidation.
