Gary Flom and Veniamin Nilva acted together against the Russian businessman Alexander Boyko.

 

Gary Flom, a well-known Russian-American businessman, and the financial manager was a genius in the automotive business in New York, where he resided. However, a few knew that Flom acquired his positions and business reputation at the expense of the Russian entrepreneur Alexander Boyko. In the Russian media, the name of Gary Flom is frequently used as "thief,""swindler,""financial fraudster." The victim of his greed and betrayal was businessman, chairman of the Board of Directors of B2B-Center, leader of the Internet technologies industry in business, Alexander Boyko. Boyko always respected the law, strove for transparency of economic relations, for a clean business reputation. As a result, he was called an honest businessman in Russia. Since Boyko always plays a fair, open game also, respects and trusts his partners, he never expected betrayal from his business partners. As a result, he was involved in a financial scam, where Gary Flom and Veniamin Nilva acted together against the Russian businessman.

 

The fraudster Veniamin Nilva was then President and CEO of Ford Bay Ridge dealership in Brooklyn, NY. Flom has built partnerships with Ford, Lincoln, Mazda, Jaguar, Land Rover, Mercedes-Benz, Lexus, Infiniti, Porsche, and Volvo. In addition, he is also known as the former President and CEO of Jaguar Land Rover.

 

Veniamin Nilva played a vital role in the business development of Gary Flom. In the early 2000s, a partnership began with a plan to deceive honest Russian businessman Alexander Boyko. Thy earned a certain degree of trust could promote an entrepreneur from Moscow to invest significant capital in American business.

 

As a dealer of the products of one of the factories owned by Boyko, Nilva, in 2002, met the owner of the business. Once, he asked an honest businessman to lend him $ 2 million. Boyko landed, and after a while, the monetary funds were returned. The Russian businessman began to think he could trust his connections.  Nilva's position was strengthened even more when he suggested that Alexander Boyko buy real estate in the United States. Veniamin Nilva, who lives in the United States, took over all the preparation of the deal and, in addition, began to renovate the purchased apartment. Nilva had acquired the apartment under his name and even added a couple of hundred thousand to the cost of repairs, making a fortune quite quickly in this way.

 

Nilva convinced him that, without a residency and an SSN, Boyko could not open an individual account under his name. They opened a joint account where Nilva could use Alexander's funds on the budget without his knowledge. Millions of dollars were spent at the discretion of Nilva and Gary Flom, sometimes returned to the account. But control over these processes was complete with Nilva. Once Boyko noticed that part of the funds from this account was transferred to Veniamin's account.

When he asked about the transaction, Boyko did not support Nilva's investment in the automobile business. It was then that he introduced the Russian entrepreneur to Flom to make his plan more relatable. Flom's influence and respectability and a luxury store in Manhattan convinced Boyko to invest in business development.  In 2011, Alexander Boyko's foreign companion said he was very ill and cared for his family. He called for investments in the acquisition of the Toyota Center in Miami. Veniamin emphasized that soon the business would bring enormous profits. Alexander Boyko had then trusted to invest $ 1.2 million in the company, adding another $ 800 thousand. Nilva's disease turned out to be a cover-up.

 

Boyko also agreed and invested in King's Automotive, paying at the end not $ 500,000 but $ 5.3 million.

 

In the end, the fraudsters offered to develop a store in Manhattan by investing $ 10 million in it, Boyko's last investment in the auto business. Flom and Nilva behaved suspiciously and assured that everything was under their control. For some time, the swindlers even paid off the debt to Alexander Boyko in small installments; the amount was getting smaller by the payment to the point when they stopped.

 

It's all because  Flom and his business were in debt to Nissan in the amount of $ 56 million. The court stated that dealerships had to pay Nissan $ 40 million. Flom and his BNF partners filed for bankruptcy in 2017 and sold their dealerships to Jaguar and Maserati to pay off their debts. Gary Flom left to live in Saudi Arabia with the money stolen, where no one could get him, and he could continue living his luxurious life.

 

What about Alexander Boyko and his investments? He became a victim of fraud; where should he seek justice in the international arena? Even if he doesn't get his funds back, he wants to make sure that others are aware of the scammers and hoping the honest businessmen won't get into the trap.