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.
|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.|
|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|