We are issuing a new alert regarding the REAL-TOK crypto scheme, which has earned a spot on FinTelegram’s blacklist for its illicit activities. The operators of REAL-TOK have resorted to filing a Digital Millennium Copyright Act (DMCA) complaint with Google in an attempt to erase warnings about their scheme from search results. We want to make it clear that we have countered this complaint to ensure that the truth remains accessible. Read our update!
The Latest Updates
REAL-TOK is represented by the symbol RLTO and is listed on the P2B crypto exchange. According to whistleblowers, the price of RLTO is being artificially maintained just above the issue price of €1 through manipulative tactics.
This crypto scheme is orchestrated by the Austrian REALTO Group, which initially aimed to raise approximately €1.2 billion from investors via their REAL-TOK (RLTO) Initial Coin Offering (ICO). Despite promising to revolutionize the real estate market, they managed to secure only a minuscule fraction of their ambitious funding goal.
The individuals behind REALTO Group, namely Peter Kilian, Thomas Wagenhofer, and Lukas Koch-Hochmuth, are running this operation. One of the REAL-TOK activists, the Kurdish Turk Enver Müldür, is a well-known usurer who launders money through real estate projects.
The Blessed Scheme
One exciting aspect of the REAL-TOK project is the involvement of Klosterneuburg Abbey. This Catholic monastery is known for its huge real estate holdings. A large proportion of the real estate projects presented in the REAL-TOK are linked to land belonging to this monastery. The REALTO Group does not own these properties.
FinTelegram is not aware of whether there is an official authorization from the monastery for the involvement of these properties in the token project. In any case, the monastery is not mentioned in the whitepaper.
The REAL-TOK ICO Scheme:
Cryptocurrencies are notorious for their speculative nature, and amid the multitude of tokens in circulation, many are nothing more than scams. Before considering any investment in cryptocurrencies or crypto projects, it is crucial for investors to thoroughly investigate the people behind them.
In our professional assessment, REAL-TOK is a security token, meaning it should have undergone regulatory approval for its ICO, which it conspicuously lacks. Furthermore, the exchange facilitating the trading of this security token, P2B, lacks the necessary regulatory permissions. The operators went to great lengths to conduct the ICO through REAL TOK LLC, registered in Georgia (Eastern Europe), seemingly to evade regulatory enforcement. However, it’s important to note that the operators are primarily based in Vienna and are targeting investors from the EU.
Investors in REAL-TOK are enticed by the promise of rapid token value multiplication, as explicitly stated on their website. Supposedly, the price was anticipated to reach several euros by the end of 2023 and around €10 by the end of 2024. These claims are outrageously unrealistic and are classic characteristics of fraudulent crypto schemes.
The website also boldly claims the launch of its own REAL-TOK blockchain and a real estate NFT in 2024, further adding to its dubious promises.
The REAL-TOK Black Flags:
We reiterate the reasons for our Black Compliance rating and warning:
- No Regulatory Approval: The issuance of REAL-TOK (RLTO) tokens lacks any regulatory approval despite their classification as security tokens.
- Fake Collateral: The whitepaper fails to elucidate how alleged real estate projects will genuinely serve as collateral for the tokens. The real estate in question does not belong to the issuers but to an Austrian monastery.
- Criminal Records: Some key figures behind the ICO have criminal records for fraud, are embroiled in tax evasion cases, and have a reputation for aggressive financial tactics.
- Outlandish Promises: REAL-TOK makes implausible, risk-free wealth promises, a hallmark of Ponzi schemes and scams. Such guarantees have no place in the legitimate crypto market.
- Poor Standing Issuer: REAL-TOK LLC in Tbilisi, Georgia, as the issuer, is controlled by REALTO Immobilien GmbH in Vienna and REALTO KFT in Hungary, entities with limited equity and considerable financial instability.
The Austrian Real Estate Hub
In recent years, Austria has become a hub for questionable real estate schemes, exemplified by the collapse of Rene Benko‘s Signa Group. The REALTO Group aimed to alleviate their financial woes with the token project, but based on our information, this plan appears to be futile. Their financial difficulties persist, and it’s only a matter of time before the REALTO Group follows Signa‘s disastrous path.
Read our Signa Group reports here.
REAL-TOK Key Data
| ICO branding | REAL-TOK |
| Domains | https://real-tok.io www.realto-immobilien.com |
| Token symbol | RLTO (ERC20) |
| Issuer | REALTO Group REAL-TOK LLC (Georgia) REALTO GmbH (Vienna) |
| Related entities | Metropolis Group REALTO Immobilien GmbH REALTO Investments Kft Stromboli Projektentwicklunsgs GmbH |
| Blockchain | Ethereum |
| ICO Volume | 1,200,000,000 |
| ICO token price | €1 (discounts available) |
| Token supply | 2,000,000,000 |
| Related individuals | Peter Kilian Thomas Wagenhofer Skender Fani (deceased) Lukas Koch-Hochmuth Markus Pistracher Enver Müldür |
| Related entities | Chorherrnstift Klosterneuburg Metropolis Bau- und Handels GmbH Stromboli Projektentwicklung GmbH VRE24 Immobilien GmbH Partida UAB Partida Services OÜ Digital One Software Limited |
| Regulatory authorization | Not explained |
| Compliance rating | Black |
Share Information
If you are an investor in REAL-TOK or possess information about the scheme and its operators, please come forward through our whistleblowing system, Whistle42. Your cooperation can help protect potential victims from falling prey to this fraudulent crypto scheme. Stay vigilant, and always verify the legitimacy of any investment opportunity in the crypto space.
