Employees of one of the Ukrainian startups in the field of 3D printing called Kwambio, as well those of the A.D.A.M Project, report that their salaries have been delayed for almost a year. Besides, since September 2020 their employers refuse to pay any money at all. This information was found in a popular Ukrainian online magazine dedicated to IT business and startups AIN.UA.
During the six years of its existence, Kwambio, while working in
Starting from 2019, the former head of the Kwambio, as well as its owner and manager Vladimir Usov appears in criminal proceedings for the theft of public funds in
According to AIN.UA, the former financial director of Kwambio Andrey Rozov, informed them that Kwambio never received money from the investors directly to its accounts. Instead of that, they were using shell companies to cash out funds, thus avoiding taxes and deceiving investors and government agencies. Several employees have sued Kwambio over unpaid wages. Printing products was unprofitable, and the company was not able to establish the production of 3D printers.
Vladimir Usov and his business partners Denys Gurak and Pavel Barbul registered the Adam Corp LLC in
According to Ukrainian journalists, the WeFund Ventures Fund, which was registered in violation of the legislation in
Pavel Barbul, who was the head of a large state-owned SPETSTECHNOEXPORT enterprise in 2015-2018, is now under investigation. In 2019, detectives of the National Anti-Corruption Bureau of Ukraine arrested Pavel Barbul and opened criminal proceedings on the fact of stealing $2.25 million from a state enterprise. Ukrainian journalists leave open the possibility that a share of this money could have been invested in the A.D.A.M Project.