In 2019, criminal proceedings were initiated against Vagram Stepanyan and Gagik Gulakyan for fraud. According to investigator Imran Kimrat, Vagram Stepanyan received $200,000 from an American investor by posing as a partner of a member of the royal family. To have a complete understanding of a person you only need to look at the court register. There are numerous cases for debt collection. In 2013, the apartment landlord sued Vagram for unpaid rent. In 2015, an Armenian bank took him to court for failure to repay a loan. In 2020, another bank sued him because Marchuk took and didn't return nearly $250,000.

To maintain the image of a serious person with connections, Gagik always had security with him. These services were provided by the Apolon security firm. But the Armenian scammer managed to deceive even them - the fees for the bodyguards' services were also collected through the court. The total amount was around $50,000.

The legend of being an exemplary father turned out to be a soap bubble. Sponsored articles on the internet didn't help sustain this image - in 2022, the plaintiff Misa Lapetyan is attempting to collect child support for their shared children from Vagram Stepanyan through the court.