Fake it till you make it

Tudor Fedeles presents himself as a successful entrepreneur. But is he?  Let’s dive into this using his CV and an interview he gave to Magazine Forbes last year. 

Let’s start with his CV. Tudor Fedeles started a string of companies all in Romania. Now as we, of course, know, starting a company is relatively simple, making it into a success is much harder.

The first company that Tudor started was named Fedeles Tudor-Serban Intrepindere Indivudualen register code F27/1010/2010 in 2010 with as stated primary activities: Retail of flowers, plants and pet food (gardening center). The company still exists till today but has not declared any financial figures.

In 2012 Tudor Fedeles opened a second company Tudor Investing Solutions S.R.L. with Romanian register code J27/580/2012. Financial figures of this company are available but judging by the negative cash flow it would not be our choice for an investing solution. In 2018 Tudor Fedeles was forced by court order to evacuate his rented office for Tudor Investing Solutions S.R.L. for defaulting on rent payments from 2015 onwards. 

Tudor Fedeles also had a 60% share in a company called Skyrock Financial Services from itś inception in 2013 to 2017 when it was deleted.

Looking at the evidence we can safely say that all of the companies Tudor Fedeles started were a failure.

Not being able to present any successful entrepreneurship of himself, Tudor Fedeles is taking credit for what others have done. Let us explain. The Romanian web edition of Forbes magazine publishes a series of articles 30 under 30, portraying young Romanian entrepreneurs. Tudor Fedeles features in one of these articles. Translation here. Tudor Fedeles states that he manages several investment funds in the LFP I structure as an investment manager. He also brags about developing the highest tower in Belgium. Now let’s be clear on this, as an investment manager of a fund, you have no direct involvement at all in the daily business of the companies you invest in. Or in other words, planning to build the highest building in Belgium takes years for the developer to obtain the right zoning and planning permission. At the time of the interview, Tudor Fedeles was only recently appointed as a director in LFP I. Stating that he is the one who will build the highest tower is ignoring the fact that others have done the years of work and preparations for this. As a fact, Tudor Fedeles has had nothing to do with obtaining this achievement. Furthermore, as soon as Tudor Fedeles got involved in the LFP I fund structure the fund was delisted by the Luxembourg financial regulator CSSF. All service providers in Luxembourg such as bank and chartered accountants seem to refuse to work with Tudor Fedeles…we will come back later on the reason for that.

Tudor Fedeles also states in the article that if all goes well, he would be opening an investment fund with the focus on Romania. But it seems that not all went well as there is no such fund as of today.

Now the last part of the article is very much true. The importance of his two mentors. If you want to succeed in a scammy business, David Mapley and Francis Hoogewerf have plenty of experience in fraud and shady financial constructions. Here you have the reason that no respectable company in Luxembourg is willing to collaborate with the trio.

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The other boss

We already knew that Tudor Fedeles is working with fraudster David Mapley, but David Mapley is not the only person with a dubious past that Tudor Fedeles is working with. On his LinkedIn page, we come across another name: Francis Hoogewerf. This Francis Hoogewerf is the founder of Hoogewerf & Cie, who we can safely call the Luxemburg godfather offshore.

Now you’ll think, OK, but that’s one of the core businesses in Luxemburg, what’s the fuss about that? Yes, we know. But Francis Hoogewerf also has a very dubious history. Let’s dig a bit little deeper into that.

Since the 1970’s Francis Hoogewerf is involved in setting up and administrating hundreds of fictitious companies, mostly in Luxembourg, Switzerland and Panama. By doing this, he systematically worked together with some of the shadiest people in the offshore industry to provide tools for tax evasion and money-laundering.

If you want to know more about the Swiss offshore business and all the scandals it is surrounded in, read the book Swiss connection by Gian Trepp. (Chapter about Francis Hoogewerf)

Tudor Fedeles is not planning to earn his money in an ethical way. With David Mapley and Francis Hoogewerf as mentors, he clearly opted for the dark side of business, only today we have the internet to keep ones honest.

Stay tuned….

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