Biofund – fake investments in medicine

LLC “BIOFOND” is an international company whose activities are aimed at improving people’s lives through the development of products and technologies in the healthcare sector. A wide range of advanced solutions in the field of diagnostics, medical innovations, and

Known links


Notable names

  • Biofund

Investing in pharmaceuticals can be rewarding, especially in the midst of a pandemic. But here’s the bad luck. Many swindlers have appeared on this market. Someone cheats people on a large scale, the scope of other scams is smaller. The primitive scams include Biofund… Charlatans did not even try to look respectable and concocted a banal financial pyramid that is called “on the knee”. How does it work? Let’s see.

E-mail addresses of the project

  • [email protected]

Attention! scammers very often change the addresses of their scams. Therefore, the name, site address or email may be different! If you did not find the address you need in the list, but the scam is very similar to the one described, please Contact us or write about it in the comments!

Information about the project

Let’s start with a legend. Here’s what the rogues write on their website:

Scam legend

Investment activities OOO “Biofond” is aimed at increasing the supply of venture capital through the creation of new funds together with partners: private, institutional and foreign investors, large corporations. OOO “Biofond” invests in venture funds at the suggestion of market participants, and also initiates the creation of new funds with the involvement of professional investors and managers.

Well, then blah blah blah in the same spirit.

Let’s get to the point. What are the scammers offering? Invest money in their scam and get interest. There are several tariffs. The conditions are:

Rogue rates

Ⅰ plan:

  • 0.8% daily
  • Deposit amount in $: 300 —2999
  • Calendar days: 365
  • Refund of deposit: Yes
  • Conclusion: Fri. – Sat.
  • Reinvestment Possibility: Yes
  • Upgradeable: Yes

II plan:

  • 1.8% daily
  • Deposit amount in $: 3000 – 9999
  • Calendar days: 180
  • Refund of deposit: Yes
  • Conclusion: Fri. – Sat.
  • Reinvestment Possibility: Yes
  • Upgradeable: Yes

Ⅲ plan

  • 2.5% daily
  • Deposit amount in $: 10000 —29999
  • Calendar days: 90
  • Refund of deposit: Yes
  • Conclusion: Fri. – Sat.
  • Reinvestment Possibility: Yes
  • Upgradeable: Yes

Ⅳ plan

  • 3.5% daily
  • Deposit amount in $: 30,000 —100,000
  • Calendar days: 60
  • Refund of deposit: Yes
  • Conclusion: Mon. – Sun.
  • Reinvestment Possibility: Yes
  • Upgradeability: No

It is not difficult to calculate that the payback, if it comes, will be in 1-4 months, depending on the amount of the deposit.

The project has a 3-level affiliate program. Payouts are 20%, 15% and 10%. Generously.

The Biofund also allegedly allows buying shares of leading Russian and foreign companies. The list is published directly on the site. In order to “buy shares”, you need to write an email to the manager.

Lipstick stocks

Project contacts

+7 (385) 222-27-31

Skype: live: .cid.48628069aae2f66a

The address: st. Western 1st Barnaul – fake

Site data:

  • Domain was registered on May 6, 2019
  • Owner’s name is hidden

Exposing the project

The first thing I did was to study the company’s legal documents. The scammers have published several agreements. The User Agreement and the Offer Investment Agreement have a similar meaning, but have no legal force. Why? Let me quote the beginning of the offer:

LLC “Biofond” represented by the head of the company, Elena Kondratova, acting on the basis of the Charter (hereinafter referred to as the “Contractor”), this public offer offers to any person (hereinafter referred to as “Investor”) paid services …

Filkin's certificate

In the register of legal entities in Russia on the website, there is a tax mark about such a company. That’s just the company was liquidated in 2016.

But it’s more fun. There are several licenses published on the rogue site page entitled “Licenses”. They were issued to another company with a similar name – “Biofond-Altai”.

Questionable documents

As indicated in the extract of the Federal Tax Service, earlier this company was also headed by Elena Kondratova, but at this point in time this enterprise declared bankrupt.


Does a real company Biofund the attitude towards scammers or crooks stole copies of licenses from the Internet, the police should find out. But it is already clear that this scam is nothing more than financial Pyramide… Such scams are also popularly called HYIP-projects. How do they work? Participants transfer money to the accounts of a pseudo-company and then receive scanty payments from this common fund. Profit, if any, is calculated from the contributions of beginners. But as practice shows, the administration of such projects does not pay for long and stops payments until the moment when the bulk of the participants turn out to be a plus. The villains take the money for themselves. Many people get thrown even on the first payment.

After the scam, the scam can restart, thereby creating the illusion of longevity

Potential losses on the project

  • I tariff – from 300 dollars
  • II tariff – from 3,000 dollars
  • III tariff – from 10,000 dollars
  • IV tariff – from $ 30,000

Scammers also cheat participants to buy fake shares.

Total: losses on the project are limited by your financial capabilities.

Conclusion about the project

Biofund is an ordinary financial pyramid… Swindlers lie that they make money on the stock market. The documents that they have published on the site indicate that we are dealing with yet another scammers, from whom it is worth staying away.

Take care of yourself and your savings with Baxov.Net

Review rating 4.2 (7)


Photo by user irina.zizitop

Terentyeva Irina Naumovna


Hello everyone, my name is Irina, I am part of a small team of the Baxov.Net project. I have been in the project since the end of 2018 and during this time I have met and analyzed a huge number of not honest projects. I am happy to help and protect people from scammers on the Internet.

12/14/2020 – 17:39

8 people

General opinion: Scam


Review related tags

financial Pyramide
pseudo broker
financial kitchen


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