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.[/vc_column_text][vc_btn title=”File Your Claim” color=”warning” size=”lg” align=”center” button_block=”true” link=”url:https%3A%2F%2Fefri.io%2Fveltyco-recovery-campaign|title:Veltyco%20Claim%20Filing||”][/vc_column][vc_column width=”1/2″][vc_tta_accordion][vc_tta_section title=”Basic Information” tab_id=”1544880634481-b93b8564-d63d”][/vc_tta_section][vc_tta_section title=”Involved Law Firms” tab_id=”1544880634527-77ebd0f4-39fb”][vc_column_text]
|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|
|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|