Fraud Alert: Zarko Palankov
FRAUD ALERT! Svetozar “Zarko” Palankov
Svetozar “Zarko” Palankov has claimed through social media, recent job applications, and his resume to be the “Founder and President” of The Global Language Network.
At no time did Palankov serve as “President” or “founder” in any capacity. Any claims to the contrary are fraudulent and at variance with GLN’s corporate documents.
The Global Language Network was founded solely by Andrew Brown, in September 2005.
Mr. Palankov began employment with GLN in 2008 and his position from 2008 until his termination in February 2015 was Assistant Director. At no time was he promoted to any other position or title.
The position of President is an elected position on GLN’s Board of Directors and at no point during Mr. Palankov’s time with GLN was he ever elected to the position of President.
Mr. Palankov served as Secretary on GLN’s Board of Directors from 2008 until February 2015. One of the fiduciary duties of Secretary is to maintain accurate records of corporate documents and minutes of the Board of Directors.
GLN Legal Counsel discovered fraudulent Board of Directors meeting minutes maintained by Palankov, inventing meetings that never took place and scripting entire discussions that never happened. One such discussion was where Palankov “adopted” the title of “President”.
Mr. Palankov may have “adopted” the title of President, and has since claimed this title publicly, in order to support a fraudulent Green Card Application that he submitted for himself, hiring legal counsel with GLN funds, without authorization of GLN’s Executive Director or Board of Directors whatsoever. In this Green Card Application, Palankov claimed to be President of GLN, a position title that would have caused the Department of Labor to force GLN to raise Palankov’s compensation to approximately $117,000 per year, an amount that surpassed GLN’s entire annual budget at the time. Palankov was aware of this and nonetheless pursued the application, without efforts to pursue a Green Card application through an honest and legal approach via GLN’s Board of Directors.
Palankov was terminated in February 2015 by unanimous vote of GLN’s Board of Directors. GLN’s President and Chairman of the Board, Andrew Brown, summoned Palankov on behalf of the Board of Directors, and requested certain financial reports as well as answers as to why the website domain had been removed from GLN’s ownership to a private account established by Palankov at some point in February 2015. Palankov refused the meeting and refused to be held accountable to the Board or by DC law. The Board requested access to financial statements and certain accounts belonging to GLN, all of which the Board is entitled to access and required by law to review. Palankov adamantly refused access, and attempted to remove GLN President and Founder, Andrew Brown, from GLN’s bank accounts, and other accounts. He successfully removed GLN President Brown from the GLN web domain and email platform, and transferred that, and other GLN property, to his private, personal accounts.
When confronted with multiple concerns Palankov did not apologize or show remorse, rather, he told the organization “so fire me.”
Palankov was terminated February 2015 and nonetheless continued to claim to be GLN’s Founder and President. After initially refusing to return GLN property, office keys, and key documents, Palankov eventually succumbed to legal pressure, perhaps due to his visa being out of status upon his termination.
GLN still seeks clarification as to why Palankov transferred over $89,000 of GLN charity funds to his personal PayPal account without receiving authorization from the Board of Directors. Nonetheless, Palankov requested additional funds upon his termination. As per GLN’s legal obligation, GLN attempted to pay to transport Palankov back to Bulgaria once his visa became out of status, however he did not accept the offer.
Palankov may still be in Washington, DC, misrepresenting his role at GLN in order to gain employment. If you are an employer we urge you to contact us immediately. He may have established a company LeadIn or Lead.In, and may be misrepresenting himself to the public.
Multiple attempts have been made to serve Palankov a subpoena but Palankov avoided service in each instance.
GLN requests that any individual who knows the whereabouts of Mr. Palankov or any details of his actions to contact GLN immediately.
———- Forwarded message ———-
From: Andrew Brown
Date: Fri, Feb 27, 2015 at 9:02 AM
Subject: Zarko’s dismissal effective immediately
To: “All GLN Volunteers and Staff”
Cc: “GLN Board of Directors”, “GLN Legal Counsel”
CC: GLN Legal Counsel