Fraud At Its Best: Tzorya And His Team Falsified The Reports To Misrepresent Their Company’s Growth

Ilan Tzorya isn’t an average guy who runs short of tricks and options. Instead, he’s very sharp-witted and can bring any fraud idea into materialization. Having served as an intelligent officer in the Israeli military makes him a unique individual with diverse thinking and advanced problem-solving skills. However, Tzorya invests his capabilities in ventures that are perilous for his victims.

When it comes to architecting a viable fraud network and invisible operations that can run dry every victim’s bank account, Ilan Tzorya is one of those few individuals society should be afraid of. From running multi-million fraud networks to money laundering, Tzorya can do anything within his limits to reach the bottom line he desires.

However, there’s a looming end to his tricks and fraud patronage as he’s expected to appear in court a few months to come following his indictment by a Vienna-based court for masterminding various fraud networks using strawmen and his patented Tradologic platform.

Unknown to many, Ilan Tzorya was the invisible force behind the famous E&G network that operated several brands with dozens of shell companies. Ilan Tzorya used fake brands and websites to receive millions of euros into his bank accounts, making him quickly turned into a crypto billionaire. To run a successful fraud venture without risking his freedom, Tzorya lured and recruited a team of many Israeli’s who he could trust with his business secrets. Additionally, he appointed his close friend Delzar Khalaf into the accounting department as the chief financial manager. Delzar was part of every operation within the E&G network and handled the money received from fraud according to Tzorya’s instructions.

Falsification of the Company’s  Reports

Tzorya masterminded and operated one of Eastern and Western Europe, with massive forgery and falsification of reports to misrepresent the company’s image as one of the main business survival tactics. He always wanted the business growth to look natural. Of course, he also had to play his cards right to avoid falling into the hands of law enforcers and anti-fraud and money laundering agencies.

According to the information gathered by our team and backed by confidential email conversation screenshots, Trozya ordered the chief finance officer to falsify the report from GMP BVI, a company he owned. Since he had his income from other illegal business networks exponentially growing, he wanted to hide the growth and opted for another way of doing things without exposing his criminal ventures.

From the screenshot above, Tzorya told Delzar Khalaf, the CFO of the E&G network, he urgently needed the financial reports for GMP BVI for January and February. Delzar responded the report would take a few days to prepare, but Tzorya insisted it was urgent and Delzar should submit it within the next few hours.

Considering that GMP BVI was the parent company of the E&G network, the report was to include the E&G brands such as the OptionStars (OS) and AffKada, which were also mentioned in the Tzorya indictment by the Vienna-based court. Tzorya also denied having any connections to the E&G network or getting involved in the operations while he was the mastermind and chief decisionmaker, a fact clearly demonstrated in these email conversations.

When Delzar insisted that having the reports within hours wouldn’t be possible since there were some issues with the accounting, Tzorya insisted on having the reports and told Delzar to indicate zero in some cases, but it still looked impractical.

Even though Tzorya wanted a forged report, Delzar warned Tzorya that the forged report might not add from March, and the company may stop growing based on the falsified report. But Tzorya didn’t seem to care about it.

In his reply, Tzorya said, “I know, but we need it.” This response clearly shows how Tzorya used to operate the E&G and other fraud networks behind the scenes while giving falsified reports to conceal crucial details about the business’s financial transactions. However, this is not the first time Tzorya and his team used fake information regarding their business and financial transactions—the same issue was mentioned in Tzorya’s indictment under Milena Khabadzhova.

From the loads of evidence we’ve shared throughout this article, it’s clear that Tzorya orchestrated the creation of false financial reports to cover up for his fraud and money laundering business he funded through GMP BVI to reach his deviant ends.