The ITP Corp “click on a button” app Ponzi has obtained a securities fraud warning from Washington.
Of their December fifteenth warning, the Division of Monetary Establishments (DFI) warns ITP Corp “seem(s) to be engaged in fraud”.
DFI, Securities Division has obtained a number of complaints concerning the entity ITP Company aka Clever Expertise Pioneer Firm/ ITP Membership/ ITP Tron (“ITP”).
The complainants bought cryptocurrency with the promise of having the ability to commerce or promote that cryptocurrency with assured earnings.
Traders weren’t in a position to withdraw their funds. Some buyers had been additionally requested to pay an extra $100 “ransom payment” to entry their funds.
ITP is a restricted legal responsibility firm registered in Washington with purported principal locations of enterprise situated in Seattle and Olympia, Washington.
Nonetheless, it doesn’t seem that ITP is situated at both of those areas nor engaged in lawful enterprise actions.
DFI has purpose to imagine that ITP is linked with Coscoin, DCPTG, and Alevius, all of that are purported funding buying and selling platforms registered with the Washington State Secretary of State.
It doesn’t seem that Coscoin, DCPTG, and Alevius’s companies are literally situated at any of the areas they listing on the Washington State Secretary of State’s filings, nor that they’re engaged in lawful enterprise actions.
CosCoin, DCPTG and Alevius are related “click on a button” app Ponzi schemes.
These scams are run by Chinese language scammers, sometimes pretending to be based mostly out of nations they aren’t.
ITP Corp primarily focused customers within the UK. After collapsing in late November, a 100 USDT restoration rip-off was launched to additional defraud buyers.
The FCA issued an ITP Corp securities fraud warning earlier this month. To date no motion has been taken towards prime ITP Corp promoters within the UK, who collectively are believed to have stolen thousands and thousands.
CosCoin, reviewed on BehindMLM as COS, additionally collapsed in late November. DFI issued a COS securities fraud warning in September.
Of their ITP Corp fraud warning, DFI notes it
has been contacted by 23 further buyers who weren’t in a position to withdraw their investments from Coscoin.
Coscoin continues to supply investments in AI pushed crypto trades to most people by way of its web sites.
DCPTG and Alevius I’m not accustomed to. This isn’t shocking, seeing as BehindMLM has now reviewed over 100 “click on a button” app Ponzis.
The Chinese language scammers behind “click on a button” app Ponzis are believed to function from south-east Asia. They’re a part of a wider organized crime drawback plaguing the area over the previous few years.