Olympus Prime

Key Points

• Allegations: Fraudulent use of DMCA takedown notices to suppress negative content online.
• Affiliations: Linked to boiler room operations in Belgrade, Serbia, and associated with individuals like Armin Ordodary and companies such as Bizserve DOO.
• Legal Concerns: Potential violations include perjury, fraud, and impersonation.
• Reputation: Operates under a facade of legitimacy while engaging in deceptive financial practices.

Overview

Olympus Prime is presented as a financial services firm but is under investigation for allegedly engaging in fraudulent activities, including the misuse of DMCA takedown notices to remove negative online content. The company is reportedly connected to boiler room operations in Belgrade and has associations with individuals and entities known for similar deceptive practices.

Allegations and Concerns

• Misuse of DMCA Notices: Allegedly submitting fraudulent DMCA takedown requests to suppress critical reviews and adverse news from Google.
• Deceptive Financial Practices: Engaging in high-pressure sales tactics and misrepresenting investment opportunities to potential clients.
• Opaque Ownership Structures: Utilizing complex ownership arrangements to obscure accountability and facilitate illicit activities.

Customer Feedback

• Negative Reviews: Numerous reports of individuals being misled by aggressive sales tactics and deceptive investment schemes.
• Suppressed Content: Efforts to remove critical reviews and adverse news from online platforms, raising concerns about transparency and accountability.

Risk Considerations

• Financial Risks: Potential for significant financial loss due to deceptive investment practices.
• Reputational Risks: Association with fraudulent activities can damage personal and professional reputations.
• Legal Risks: Involvement in fraudulent schemes may lead to legal consequences, including charges of fraud and impersonation.

Business Relations and Associations

• Armin Ordodary: Cyprus-based businessman linked to Olympus Prime and other boiler room operations through his company, Bizserve DOO.
• Svetlana Maksovic: Serbian national holding directorship positions in Olympus Prime and associated entities, overseeing day-to-day operations.
• Nikos Andreou and Pantelakis Kyriakou: Cypriot nationals reportedly owning significant shares in Olympus Prime, complicating efforts to trace accountability.

Legal and Financial Concerns

• Potential Violations: Alleged misuse of DMCA takedown notices constitutes perjury and fraud.
• Regulatory Oversight: Operations based in jurisdictions with lax regulatory environments may facilitate illicit activities.
• Financial Transparency: Opaque ownership structures hinder efforts to assess financial stability and accountability.

Risk Assessment Table

Expert Opinion

Olympus Prime presents significant risks to potential investors and associates due to its involvement in fraudulent activities and deceptive practices. The company’s efforts to suppress negative content and obscure ownership structures further complicate efforts to assess its legitimacy and accountability. Individuals and entities considering engagement with Olympus Prime should exercise extreme caution and conduct thorough due diligence.

Key Citations

• Investigation into Olympus Prime | Exposing Perjury, Impersonation & Cyber Crime via Fake DMCA Abuse