VELTYCO FACT SHEET

Veltyco Group Logo

VELTYCO GROUP SCAM In A Nutshell

VELTYCO GROUP is a public-listed UK company which operates and/or controls and/or acquires customers for illegal online broker sites. Among these illegal broker sites are the notorious brands Option888, ZoomTrader, or XMarkets. They are beneficially owned and operated by the public-listed UK company VELTYCO GROUP PLC. The activities are orchestrated by the VELTYCO founder and manager Uwe LENHOFF, a German online gaming and sports betting veteran.

The involved companies (website operators, payment providers, etc.), as well as the domains of the scheme, are changing frequently to confuse customers and authorities. Currently, these online brokers are officially operated by a CELESTIAL TRADING LTD purportedly licensed by the Montenegro Security Exchange Commission via the sub-license with the number SCMN 04/4-9/6-17. EFRI has not been able to confirm the license. Payments are operated via the non-licensed CELTIC PAY LTD.

For a more detailed overview please read this analysis on FinTelegram.

The EFRI funds recovery campaign aims at recovering the funds of defrauded investors from the beneficial owners.

CLLB: Berlin, Munich, Germany
Herfurter Rechsanwaelte Munich, Hamburg (Germany)
FCA UK: Option888 and Capital Force April 2018
FCA UK: XMarkets May 2018
FCA UK: ZoomTrader and Capital Force May 2018
BaFin Germany: Option888 and Capital Force March 2018
FMA Austria: Option888 and Capital Force Nov 2017
CryptoPoint GPay
OptionStars New Markets SA
OptionStarsGlobal New Markets SA
Scam Type illegal Online Trading
Domains: www.option888.com, ZoomTrader, XMarkets
Operators: CELESTIAL TRADING LTD, SILKLINE MARKETING LTD, CAPITAL FORCE LTD, ALTAIR ENTERTAINMENT N.V.
Perpetrator:
Uwe LENHOFF
Boiler Rooms Operators:
ALTAIR ENTERTAINMENT N.V. and/or Uwe LENHOFF
Payment Services Provider (PSP) HITHCLIFF Ltd, CELTIC PAY Ltd, CAPITAL FORCE Ltd, PAYIFIC LTD
Headquarters: Isle of Man, UK