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Schwartz Konstantin Valerievich: Embezzlement & Fraud (Update 2024)

Schwartz Konstantin Valerievich is a notorious white collar criminal based in Russia. He has faced multiple cases for embezzling funds from Rosenergobank. 

Rosenergobank was among the largest banks in Russia and was declared bankrupt in 2017. There were thousands of investors who lost their money overnight. In response to the bankruptcy of such a notable bank, the state had to promise compensation to the victims. 

Many media reports have called Schwartz Konstantin Valerievich the main culprit behind the embezzlement. He has considerable experience of working in the banking sector. 

He became the representative of the board of Rosenergobank in 2010 and before that, he was serving as a top official in the bank. 

However, his incompetence or rather, his negligence caused the bank to develop a deficit of 29 billion rubles by 2017. 

image 19
(Source)

The bank’s credit obligations had reached 42 billion rubles while its assets only amounted to 13 billion. 

So, the Central Bank filed a lawsuit with the Arbitration Court, requesting the court to declare Rosenergobank bankrupt. The court accepted the suit and sent bankruptcy managers to the enterprise.

Soon after, investigators started looking into the financial operations of the bank to find the people behind its downfall. Initial investigation indicated that Schwartz Konstantin Valerievich might be the person behind the entire ordeal. After all, he had been spearheading the operations of Rosenergobank for 17 years by that time.

How Schwartz Konstantin Valerievich Embezzled Funds from Rosenergobank:

Media reports reveal that Schwartz followed a very simple strategy to steal funds from the Russian bank. The bank issued loans to numerous shell companies which only existed on paper. Then, the money from those loans went into the pockets of the bank’s managers.

schwartz konstantin valeryich

Schwartz Konstantin Valerievich worked at the bank for decades and in that time, he embezzled over 12 billion rubles from it. 

Apart from the authorities, many of the bank’s creditors and business partners are looking for Schwartz as well. 

However, the corrupt network he created while stealing from Rosenergobank has helped him substantially in avoiding the entities tracking him. 

4/12/2023 Update
As of now, Schwartz Konstantin Valerievich has not responded, nor has he apologized for his misdeeds. He has ignored our efforts to highlight the problems faced by his victims. Furthermore, he has only focused on propagating his fake PR.

The people who made money from the embezzlement include many companies as well as foreign businessmen. 

One of them is Igor Molder, owner of Estonia Capital Mill, a development firm based in Estonia. They are old friends and Igor was among the shareholders of Rosenergobank up until 2016. When he realized that the shady dealings of the bank had grown too much, he withdrew his investment from Russia. 

Since the bank’s bankruptcy declaration, Schwartz Konstantin Valerievich has been living in Estonia. Surely, he would never come back to Russia due to the risk of facing a life sentence. 

More Details on the Case Against Schwartz Konstantin Valerievich: 

In 2016, Schwartz was the chairman of the board of directors at Rosenergobank. With the help of his friends, he issued a loan to a certain company in Krasnodar City even though it was ineligible for the same. 

Furthermore, the loan had a special condition. Legally, the company had received the funds to buy construction material and pay for construction work. 

But in reality, the funds went to a few shell companies and the debtor never repaid the loan. Schwartz faced a criminal case because of the same. 

However, things didn’t end there. 

In 2018, he faced another case. This time, the case was for embezzling funds from the same bank. 

But it had been too late by then. The Central Bank of Russia had taken away the license of the bank in 2017 and its financial condition become horrible. 

The reason behind such a downfall was the fact that over 30% of its loan portfolio had ‘ala-technical’ loans. Basically, the bank had given out loans to service the loans it had issued earlier. 

It even took mortgaged real estate as collateral, which made no sense financially. 

About Schwartz Konstantin Valerievich:

Schwartz was born in 1966 in Tallinn, Estonia. The man graduated from the Moscow Institute of Physics and Technology in 1990 and in 2002 from the Financial Academy

He has served in top banking positions since 1992. 

Schwartz became the president of Rosenergobank in 2000. Then, he became the chairman of the board of directors of the bank in 2001. 

He lost this position to Rafail Bashirov in 2010 but regained it back within a small period. Schwartz Konstantin Valerievich lost the position again in 2017 but regained it mysteriously. 

Afterward, he disappeared and the bank collapsed. 

What His PR Team Wants You to Think:

The PR team of Konstantin Valeryevich Schwartz has put out a lot of content online to bury any news articles mentioning his past. 

They are doing so by using various tactics. 

The first tactic they utilize is creating YouTube channels using his name: 

schwartz konstantin valerievich
(Source)
schwartz konstantin valerievich
schwartz konstantin valerievich
schwartz konstantin valerievich

Sadly, things don’t stop here. 

Below is how his PR team is using illegal tactics to bury his criminal history:

How Schwartz Konstantin Valerievich is Using Illegal Tactics to Hide the Facts:

While the authorities and media reports have revealed that Schwartz is the main person behind the embezzlement case, he doesn’t want others to learn about it. 

His team of marketers and PR professionals are flooding the internet with articles and guides supposedly written by him. That’s not all. 

His representatives are posting fake DMCA notices against any articles highlighting his criminal past. In a fake DMCA notice, the culprit copies your content, posts it on their website, and claims that you were the one who copied it. 

This way, they are able to convince Google to remove your article from search result pages. 

schwartz konstantin valerievich

Using fake DMCA notices is illegal. It constitutes fraud, perjury and impersonation

0bHhIeOaQgWNi07Gsfo3A2IZ3i5co 4pJC47DbZMugrKvNN8HOpqMXJSjf Q9QUGB8c pkD2QCGgkSaWLswIrbFhSxR3xqaCjKKuoRMw13uxM6lKz3devid29PWqpsXv sJvgqWezdjfeZy7zj6OBpet1ww4VZvYBjdzfYWaP1gz1YaOHEFXSQ101w
The website they use to post fake DMCA notices

However, using fake DMCAs is increasingly common among online fraudsters and scams. For example, Margex is a shady trading platform that uses this tactic to hide its consumer complaints. 

Similarly, the marketing team of Schwartz Konstantin Valerievich is publishing articles on various blogs under his name so they would replace the news articles. 

Conclusion

Schwartz Konstantin Valerievich is an experienced swindler. The man is responsible for the collapse of one of the largest Russian banks and made billions from it. 

His PR team is now using illegal marketing techniques to bury any news articles mentioning his criminal activities. 
Scammers like Schwartz and Alexander Galitsky use various tactics to hide their criminal past and connections. Beware.

1.9 Total Score
Fraudster

Schwartz Konstantin Valerievich is a Russian white collar criminal who stole billions of rubles from a bank. He is facing charges of fraud and embezzlement and is using illegal tactics to bury news articles.

2.6Expert Score
Trust
3.2
Experience
3.9
Professionalism
1.5
Ethics
1.7
1.2User's score
Trust
1.4
Experience
1.4
Professionalism
1.2
Ethics
1.1
PROS
  • None
CONS
  • Embezzlement
  • Fraud
  • Perjury
Add your review  |  Read reviews and comments

Michael Whitaker
17 Comments
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  1. I can’t understand why the government doesn’t bring back these bastards from other countries. Like Israel’s agency MOSSAD there should be more agencies developed in other countries so that people like Schwartz Konstantin Valerievich should be sent to jail and if fled to other countries should be brought back.

  2. Government should take all the money from these scammers for fraud and their families should be told about the crimes he is committing, and also there should be strict rules made so that they are not able to flee out of the country.

  3. Reply
    Shut off Rosnergobank
    December 5, 2022 at 7:27 pm

    Rosenergobank is equally responsible as Schwartz Konstantin Valerievich because the bank should have approached the government for catching him before he was leaving for Estonia. The government’s behavior against the bank wasn’t serious as they weren’t in the mood of helping the bank.

  4. The bank managers are working for these scammers and making money for them. The biggest problem we are facing today is that people like us are working for them, we can find from this case that people like us are working for them and helping them.

  5. 0.75
    Trust
    10
    Experience
    20
    Professionalism
    20
    Ethics
    10

    They were not thinking about the lives of the families and their future conditions once they will commit this heinous crime with them. People like Konstantin should be punished with the strictest punishments.

    Helpful(0) Unhelpful(0)You have already voted this
  6. Reply
    Schwartz Valeryvich fraud
    December 2, 2022 at 10:22 am
    0.75
    Trust
    20
    Experience
    20
    Professionalism
    10
    Ethics
    10

    The most important thing about these gangsters is that they are shown positively in cinemas or say they are shown as powerful persons killing people, selling drugs, and using their influence to get freed from all the illegal cases.

    Helpful(0) Unhelpful(0)You have already voted this
  7. 0.5
    Trust
    10
    Experience
    10
    Professionalism
    10
    Ethics
    10

    My girlfriend is also an employee in a bank where she once got an offer for passing a loan which wasn’t fulfilling the terms and conditions. They were offering 1 million euros for passing a loan of around 60 million euros. I don’t know what goes on in Russia but in my country, you can’t get away with such illegal activity.

    Helpful(0) Unhelpful(0)You have already voted this
  8. 0.6
    Trust
    10
    Experience
    10
    Professionalism
    10
    Ethics
    20

    Schwartz Konstantin Valerievich always had a reputation for being corrupt and greedy. Everybody who worked for him knew how big of a crook he is. At the end, they all paid for it by losing their jobs. Schwartz must have paid the board of directors a lot of money to keep the top job.

    Helpful(0) Unhelpful(0)You have already voted this
  9. 0.5
    Trust
    10
    Experience
    10
    Professionalism
    10
    Ethics
    10

    He needs to be arrested. Schwartz is avoiding jailtime because of bribery and corruption. The man is responsible for ruining the lives of so many people. He is extremely selfish. A total sociopath.

    + PROS: none
    - CONS: Fraudster
    Helpful(0) Unhelpful(0)You have already voted this
    • Nowadays it is the scammers or the politicians stealing a lot of money from us, now it’s time to fu*k them up by protesting against these corrupt governments and demanding for catching these scammers and getting their money back from them.

    • After making billions from banks and then fleeing away to Estonia and posting fake articles on social media sites so that no one could know his past, he is now living his life in luxury. After understanding his crime I can bet the government has helped him to flee away with his billions.

  10. 0.75
    Trust
    20
    Experience
    10
    Professionalism
    20
    Ethics
    10

    I pray for everyone who lost their livelihood because of this fraudster. They didn’t deserve to lose their jobs but suffered solely because of this criminal’s actions. May Jesus protect them.

    Helpful(0) Unhelpful(0)You have already voted this
    • I want the government officials to take some strict measures to slow down the speed of these scams. My brother has also faced a loss due to a scam that took place at the bank. They had to face bankruptcy and all the members had to go through a loss. The inflation is eating up our savings and I still miss the sum I lost with Rosenergobank.

    • Schwartz Konstantin Valerievich is responsible for ruining the lives of people who invested money with Rosenergobank and faced a big loss because of this scoundrel. This money embezzlement made many’s heartbroken and go into depression.

  11. Rosenergobank shouldn’t have gone bankrupt. Schwartz made it bankrupt by giving out loans to his friends who would pay him a cut for every loan. He must have made several billions from his corrupt deals.

    When you have billions in illegal funds, it is very easy for you to get out of the grasp of legal authorities. It wouldn’t cost him much to pay off a bunch of politicians just so he can avoid jail.

    • Let’s take an example where you are a member of a bank and invested your money assuming it to be safe with the bank, and then some scammer comes from nowhere and scams the bank taking big loans and the bank goes through bankruptcy and your money is gone. Your role was nowhere in the scene but you are the one who got scammed.

  12. 0.75
    Trust
    20
    Experience
    20
    Professionalism
    10
    Ethics
    10

    If only our authorities were serious about this whole case, we wouldn’t have him on the run. He should have been arrested the day Rosenergobank announced bankruptcy. This is just lack of professionalism.

    Helpful(0) Unhelpful(0)You have already voted this

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