Oleg Boyko

The documented sequence for Trump Tower Unit 63A spans three transactions over fifteen years. According to the New Republic investigation into Russian financial activity in the building, Donald Trump personally sold the unit to Oleg Boyko in 1994 ². Records indicate that Boyko held the unit until 2009, when he sold it to Vadim Trincher for USD 5 million ². Records show that Trincher and his son Illya then used the apartment as the operational base for the Taiwanchik-Trincher Organization, a Russian-American gambling and money-laundering enterprise that federal prosecutors documented as having processed over USD 100 million ².

The organization operated in coordination with Alimzhan Tokhtakhounov, a vor-v-zakone figure based in Russia who provided criminal authority while Trincher ran US operations. Anatoly Golubchik was a co-defendant and co-principal; according to court records, both were sentenced to five years in April 2014 ². According to the same federal indictment, a parallel operation, the Nahmad-Trincher Organization, was co-led by Illya Trincher and Hillel Nahmad from the 51st floor of the same building ².

No record has been found establishing that Boyko knew in 1994 what Trincher would do with the apartment fifteen years later, nor that the 2009 sale was anything other than a private real estate transaction. Review of the available records shows that the same residential unit passed from a transaction personally executed by Trump to a figure the Senate Intelligence Committee described as connected to Russian government, intelligence services, and organized crime, who then sold it to a person convicted of operating one of the largest organized crime gambling operations ever prosecuted in the Southern District of New York ³.

Boyko’s sanctions profile spans multiple jurisdictions. The US Treasury included him in the CAATSA Section 241 “Putin List” published January 2018, a statutory report listing oligarchs and senior political figures with close ties to the Russian government. The list did not itself impose sanctions but established a public record of US government assessment. Ukraine and Australia subsequently sanctioned him ⁴. Poland sanctioned Boyko in December 2024 with an accompanying asset freeze, citing Polish ABW (Internal Security Agency) intelligence findings. Canada sanctioned him and then lifted those sanctions in November 2023 ⁴.

The Polish ABW assessment is the most detailed public intelligence judgment available. It states that Boyko has connections to organized crime and Russian intelligence services, and that his casino operations may serve to launder funds from both. The assessment is cited in the Polish Ministry of Interior and Administration sanctions decision (DPP-WTPZ.0272.69.2024) and is cross-referenced in OpenSanctions entity Q4090404. The Senate Intelligence Committee separately described Boyko’s ties to the Russian government, intelligence services, and organized crime in its Russia investigation report ⁴, ³.

These assessments are government-generated intelligence judgments, not judicial findings. No US criminal charge against Boyko has been documented in the source record ⁴. The ABW and Senate Intel characterizations reflect intelligence agency conclusions rather than prosecuted conduct. Boyko has disputed the characterizations underlying some sanctions proceedings ⁴.

According to corporate records, Boyko established Finstar Financial Group in 1996 ¹. Review of the firm’s disclosures shows it manages approximately USD 2 billion in assets across more than 30 countries, with offices in Cyprus, Serbia, and the UAE. Examination of corporate filings and investigative records shows Finstar’s principal holdings cluster around three business lines: gaming, consumer lending, and media ¹.

In gaming, Finstar controls Ritzio Entertainment, which Boyko co-founded with Serguei Kouzmine ⁵. Review of available records indicates that it operates as the largest Eastern European gaming chain by outlet count, with over 1,000 locations. Records indicate that in Ukraine, where Boyko faces sanctions, the Vulkan Casino brand is operated under license by Maksym Krippa and a partner, who received rights from Boyko to manage the casino websites ¹, Connection #2540.

In consumer lending, Finstar controls 4Finance, a Latvian-incorporated consumer lender. Examination of corporate and regulatory records shows that 4Finance’s US operations, conducted through 4Finance US Holding Inc. (a Delaware entity) operating via North Star Finance LLC, used the tribal sovereignty of the Fort Belknap Indian Community (Montana) and the Lac du Flambeau Band of Lake Superior Chippewa Indians (Wisconsin) to offer payday loans to US consumers. Analysis of regulatory records indicates that this “tribal lending” structure exploits sovereign immunity doctrines to avoid state usury caps, a practice that multiple states and the Consumer Financial Protection Bureau have challenged in separate proceedings ¹.

In media, Boyko co-owned Fashion TV (FTV), a global cable and satellite channel. His co-ownership through FTV BVI Ltd. is confirmed by US federal court records in Fashion One Television LLC v. Fashion TV Programmgesellschaft MbH (SDNY 1:16-cv-05328), where Boyko, Finstar Financial Group LLC, and FTV BVI Ltd. appear as defendants. A separate US trademark action, Boyko v. Kondratiev (D.Ariz. 2:23-cv-01186), lists Finstar-Holding LLC as a co-plaintiff, confirming Finstar’s active US corporate presence ⁶, ⁷.

In sports finance, Boyko invested in 777 Partners, a Miami-based firm that acquired minority stakes in multiple football clubs including Sevilla FC ⁷. In 2024, Boyko demanded 777 Partners shares in Sevilla FC as collateral for a loan he had extended ⁷. 777 Partners subsequently collapsed amid federal criminal fraud charges against co-founder Josh Wander and CFO Damien Alfalla for an alleged USD 500 million scheme to defraud lenders ⁷, ⁶.

The connection between Boyko and the Epstein investigation runs through a chain of professional relationships documented in FBI vetting materials. Boyko co-founded Ritzio Entertainment and Fintech Ventures with Serguei Kouzmine, who subsequently ran operations within Finstar’s portfolio ⁵. Kouzmine then co-founded QWAVE Capital, a quantum computing-focused venture fund, with Serguei Beloussov in December 2012, serving as Managing Partner while Beloussov served as Venture Partner. FBI document EFTA00129096 (an April 2025 ARMS Reach vetting memo) identifies QWAVE Capital as having retained Masha Drokova as its publicist ⁵.

Drokova served simultaneously as Jeffrey Epstein’s publicist. She appears 1,627 times across DOJ Epstein file releases ⁵. The FBI Washington Field Office’s Transnational Organized Crime (Eastern Hemisphere) squad investigated Drokova under Operation Trip Knot, the details of which are not fully declassified. The chain from Boyko through Kouzmine to QWAVE Capital to Drokova to Epstein represents a two-step professional relationship documented in primary FBI materials, not media inference ⁵.

Kouzmine’s later role as President of Constructor University (2025), where Beloussov is the primary sponsor, extends the documented relationship between Boyko’s former co-founder and Beloussov’s institutional network. No direct documented relationship between Boyko and Drokova, or between Boyko and Epstein, has been found in the current record. Boyko is a first-degree associate of a figure who had documented professional proximity to Epstein and who was investigated by the FBI’s transnational organized crime unit ⁵, Connection #2560.