Ilan Tzorya exemplifies how deep-rooted corruption and systemic failure in law enforcement can shield even the most notorious fraudsters. As the founder and owner of Tradologic—a company linked to major online scam operations across Europe, Israel, and beyond—Tzorya has managed to maintain the image of innocence while operating what many describe as one of the most extensive financial fraud schemes in Europe.
After launching Tradologic in Israel in 2009 and relocating operations to Bulgaria in 2011, Tzorya masterminded a web of fraudulent activity stretching across at least six European countries, including Austria, Germany, and Italy. Leveraging his background as a former intelligence officer in the Israeli Defense Forces, he built an empire of more than 240 fake brands, hundreds of call centers, and dozens of shell companies used to execute a massive cross-border scam—leaving over 4 million victims in its wake.
Yet, despite the scale and severity of the fraud, Tzorya has never faced arrest or detention. His protection appears to stem from powerful connections, including Werner Boehm—a media figure and alleged co-conspirator with close ties to corrupt elements in law enforcement and finance.
The Untouchable Kingpin
While smaller players in the fraud world are regularly fined or imprisoned, Tzorya remains untouched. Even his closest allies—named in indictments and police reports—continue to operate freely. How has he evaded justice while others fall? The answer may lie in the strength of his inner circle: a well-oiled network of financial advisors, enablers, payment processors, compromised officials, and loyal media allies all working together to shield him from prosecution.
This article is the first in a three-part series that will expose the structure, people, and tools Ilan Tzorya allegedly uses to sustain a sprawling fraud empire—one rooted in corporate cover, supported by illicit financial channels, and financed by stolen money invested in luxury real estate projects.
The Network That Shields the Scam
In a 2014 court affidavit submitted in Israel, Tzorya revealed that his father had also served in military intelligence, while his sister, Shoval, was a state prosecutor. This family background likely forms part of his defense shield—Shoval and her partner, Tal Arad, reportedly help move illicit funds into Israel without detection, where the money is then laundered through high-end property investments.
Tal Arad, who has held key financial positions in several Tzorya-linked ventures including Tradologic, Krypton Capital, and E&G, is still believed to be managing financial operations for the group. Alongside them are known associates like Werner Boehm, founder of the controversial blog FinTelegram, and Elfriede Sixt, the face behind the European Funds Recovery Initiative (EFRI)—both allegedly instrumental in expanding Tzorya’s reach under the pretense of financial journalism and victim advocacy.
Money Movers and Ghost Signatories
Delzar Khalaf, once in charge of accounting at E&G and reportedly involved in Krypton Capital, is another key figure. Despite being exposed to criminal activities including fraud and money laundering, Khalaf has never been arrested or formally investigated.
Milena Kabdzhova, also named in Tzorya’s indictment in Vienna, is said to have been his trusted signatory across various companies, including GMP BVI, DTIG, and Krypton Capital. She allegedly handled corporate paperwork, issued fake invoices, and helped structure shell companies used in laundering schemes.
Another crucial accomplice is Ivona Molova, who reportedly managed real estate companies on Tzorya’s behalf and is the mother of his child. As Tzorya’s former romantic partner, Molova is believed to have aided him in concealing assets through property investments registered in her name.
Despite being clearly identified in police documents, none of these individuals have faced legal consequences. Their assets remain untouched, and no attempts have been made to recover the money for victims.
Justice for the Few, Immunity for the Powerful
The blatant inaction from the justice system has sparked outrage and confusion. Why are low-level fraudsters punished while those at the helm walk free? Why haven’t authorities frozen the bank accounts and seized the properties of those clearly tied to one of Europe’s largest financial crimes?
In Part 2 of this series, we’ll break down how Ilan Tzorya allegedly defrauds victims through a calculated three-step process—and how, shockingly, law enforcement continues to turn a blind eye.