He is a co-founder of the international investment fund Marshall Capital Partners,[3] member of the board of trustees of the non-profit partnership Safe Internet League[4] and chairman of the Saint Basil the Great Charitable Foundation [ru].

[5] His father Valery Mikhailovich is an astrophysicist and head of the laboratory for the Department of Plasma Astrophysics at the Pushchino Radio Astronomy Observatory.

[citation needed] Malofeev is the chairman of the board of directors of Tsargrad (Imperial City), a platform used by such people as conspiracy theorist Alex Jones and far-right political analyst Aleksandr Dugin.

[9] With French businessman and eurosceptic politician Philippe de Villiers, Malofeev plans to build two Russian history related theme parks; one in Moscow and one in Yalta.

[citation needed] On 17 October 2012, Malofeev announced his candidacy and on 18 November was elected to the Council of Deputies of Znamenskoye Rural Settlement of Ugransky District in Smolensk Oblast, winning a majority of the vote (74.85%).

[11] His election took place despite the Vyazem regional court in Smolensk having annulled Malofeev's candidacy and removed him from the ballot on charges of electoral corruption.

VTB Capital was also criticised by the judge for its due diligence practices and its "apparent failures" and "inappropriate ... protracted wrongful continuation" of its world freezing order.

[15] On 12 February 2015, Russian law enforcement searched apartments of Malofeev and his business partner Dmitry Skuratov related to the VTB case.

[16] Since 2014, Malofeev and his companies are designated to the lists of individuals sanctioned during the 2014 pro-Russian unrest in Ukraine maintained by the European Union, United States, and Canada [10][17][18][19] In September 2019, the Bulgarian government banned him from entering the country for ten years over an alleged spying conspiracy aimed at turning the country away from its pro-Western orientation and further toward Moscow.

In May 2014, during the separatists' occupation of Slovyansk led by Girkin, the Ukrainian security services SBU intercepted a phone call,[26] in which a person with the same first and patronymic names as Malofeev's, and a voice similar to his own, provides tactical military intelligence to Girkin and praises him for a recent ambush attack on Ukrainian anti-terrorism troops.

The newspaper's editor-in-chief has publicly stated that the unnamed sources which leaked the alleged strategy, have informed the paper that Malofeev and his team had authored the document in February 2014.

In addition, a recent email hack suggests that at least one employee of Malofeev's participated in non-public sessions of the Russian government.