Maxim Artsinovich — Farcenovich

Key dates

14.09.2005Bank of Russia revokes NEP-Bank's licence; the link to Artsinovich is examined in the publication Per publication[1]
25.05.2007MAXIMILIAN JEWELLERY LTD registered at Companies House Per publication[1]
16.09.2015Moscow Arbitrazh Court dismisses Artsinovich's trademark claim Confirmed by a documentdocument →
20.03.2016Interview to The Art Newspaper Russia: “I have no equal in the world”, “Caribbean passport” Per publication[1]
27.04.2016IP Court upholds the dismissal Confirmed by a documentdocument →
11.2018November–December: exits Maximilian (passes to his brother) and Ranmeits Per publication[2]
08.07.2020Interview to Kompaniya: “I have the Diamco project” Per publication[1]
02.02.2021Moscow City Court awards a debt against Artsinovich Per publication[2]
01.2022Dubai lawsuit filed against Artsinovich-linked companies (claims over USD 1 m) Per publication[2]
30.06.2023Marbella court sends a letter of request to Russia to question Artsinovich Confirmed by a documentdocument →
13.07.2023The brothers donate works to Gokhran — with the debt still unpaid Per publication[2]
20.11.2023Share in Maximilian Palace Jewellery LLC transferred to his brother Per publication[2]
27.02.2024Bankruptcy petition against Artsinovich filed Per publication[2]
25.11.2024Debt restructuring introduced Per publication[2]
08.04.2025Appeal court records RUB 16,721.82 recovered against a RUB 187.2 m claim Per publication[2]
08.08.2025Artsinovich declared bankrupt, sale of assets ordered Per publication[2]
21.10.2025Supreme Court refuses to refer Artsinovich's cassation appeal Per publication[2]
11.12.2025More claims added to the register; total owed to one creditor — RUB 254.8 m Per publication[2]
18.03.2026Court imposes a temporary travel ban on Artsinovich Confirmed by a documentdocument →
05.2026May–July: “Dubai” check-ins on his social media despite the travel ban Per publication[2]
02.07.2026Appeal court upholds the travel ban Confirmed by a documentdocument →

Who he is

Per publication
Maxim Artsinovich is a court-declared bankrupt owing over RUB 250 m who publicly presents himself as the owner of a world-class “English jewellery house”.
Sources: [2]
Per publication
His public legend — a USD 485 m brand, Forbes and Robb Report rankings, “I have no equal in the world” — comes solely from his own words; the publication found no documentary confirmation.
Sources: [1]

A debt left unpaid

Per publication
On 02.02.2021 Moscow City Court awarded over USD 2 m against him. Over years of enforcement the creditor received RUB 16,721.82 against a RUB 187.2 m claim.
Sources: [2]
Per publication
He tried to argue the loan was a sham. On 21.10.2025 the Supreme Court refused: the reality of the loan and the resulting debt “are established by a final court judgment”.
Sources: [2]
Per publication
RUB 254,808,623.36 of a single creditor are on the register, alongside a bank and a debt-collection agency. On 08.08.2025 he was declared bankrupt and his assets put up for sale.
Sources: [2]

A bankrupt on the move

Confirmed by a document
The court banned him from leaving the country, noting the trips were “not aimed at repaying creditors”; the appeal court upheld the ban on 02.07.2026.
Sources: [2]document →
Per publication
After the ban his social media showed “Dubai” and “Dubai Mall” check-ins (May–July 2026), though border control reported no departures. A geotag alone does not prove presence — the question remains open.
Sources: [2]

Assets to his brother

Per publication
In 2018 the Russian company Maximilian ended up 100% owned by his brother; that year he also left Ranmeits.
Sources: [2]
Per publication
On 20.11.2023 — almost three years after the debt judgment became final — he transferred to his brother his share in the flagship Maximilian Palace Jewellery LLC with a boutique in Dubai Mall.
Sources: [2]
Per publication
The Russian companies that could have paid the debt are largely out of reach: one struck off, one put in his brother’s name, the rest loss-making or with negative equity.
Sources: [2]

Legend versus records

Artsinovich's own claim
His “Brand Finance” valuation grew from USD 200 m (2020) to USD 485 m (website) — no Brand Finance publication with such a figure was found.
Sources: [3][1]
Per publication
The UK company MAXIMILIAN JEWELLERY LTD files micro-entity accounts — the format of the smallest firms, not a jewellery house worth hundreds of millions.
Sources: [1]
Artsinovich's own claim
In an interview he said: “I made counterfeit once in my life.” There is no court ruling on this — quoted as his own words.
Sources: [1]
Confirmed by a document
He lost the dispute over his own MAXIMUS trademark at three court levels (2015–2016).
Sources: [1]document →

A patron with an unpaid debt

Per publication
In 2023–2025 the Artsinovich brothers publicly donated stone carvings to the Hermitage and Gokhran — while the 2021 court debt remained unpaid.
Sources: [2][5]

Criminal proceedings

Confirmed by a document
Spain: person under investigation (investigado) in Marbella court proceedings; in 2023 the court sent a letter of request to Russia to question him.
Sources: [2]document →
Confirmed by a document
Moscow: a criminal defamation case was opened over an article posted on the “Maxim Artsinovich” Facebook page.
Sources: [2]document →

What publications say

Per publication
Sledstvie.Info and Repost.News link his business past to NEP-Bank, whose licence the Bank of Russia revoked in 2005, describe unaccounted-cash schemes and claims of about RUB 265 m. Our archive holds no court rulings on these episodes — this is a summary of the publications.
Sources: [6][11]
Per publication
In three articles Rumafia describes him as a dealer in counterfeit gemstones operating behind a philanthropic facade. The archive holds no documentary confirmation. Compare his own words in an interview: “I made counterfeit once in my life.”
Sources: [7][8][9]
Per publication
Kompromat1 and Rumafia report threats and pressure on journalists to clear the information field. A related documented fact: on 23.09.2021 a criminal case under art. 128.1(2) of the Criminal Code was opened over an article posted on the “Artsinovich” Facebook page.
Sources: [9][10]document →

Editorial assessment

Editorial assessment
This is not a ruined entrepreneur but a working model: a personal brand, boutiques and capital moving across jurisdictions live on alongside bankrupt status, while the creditor received RUB 16,721.82 over years. Whether this breaks the law is for a court; there is no indictment.
Sources: [2]
Editorial assessment
He is his own news hook. Bankrupt, “deceived lover”, internet opponent, tabloid figure — any scandal around his own name is put to use. That is why he should be treated cautiously as a source: behind his public claims — brand valuations, rankings, “I have no equal in the world” — verifiable documents are generally absent.
Sources: [1][2]

Sources

Updated: 09.10.2026