This morning, we were chased for the LondonFX (www.londonfx.com) broker scam via the Bitcoin Loophole fraud campaign. As usual, when we registered with Bitcoin Loophole, we were also automatically registered as a future victim of LondonFX and redirected to its payment page. According to the information on the website, the scam is operated by Platinum One Ltd in Bulgaria. However, the terms and conditions state the Marshall Islands as the competent jurisdiction. Victims can lose their money via credit and debit cards, whereas we found TexCent as the payment processor.
The Bulgarian company register lists the Bulgarian Angel Aleksandrov Yankov as the beneficial owner of Platinum One Ltd with Company No. 205172162. He is also registered in the company register of Infinity Enterprise Ltd and Crown Management Ltd.
On Trustpilot, LondonFX has a 4.2-star rating with a “Great” trust level. Recently, however, there have also been some scam reviews. We dare to predict that there will be more negative reviews soon, and the rating will go down quickly. At the end of the life cycle of a scam, this happens quickly.
The Bitcoin Loophole scam campaign has run today on https://tgfunnls.org, promising profits via crypto trading software. In a video, well-known Bitcoin investor and hedge fund manager Mike Novogratz explains the benefits of Bitcoin. These scam campaigns are all structured the same way. The information about the operators is always missing.
If you have any information about LondonFX, its operators, and partners, we would be happy if you share it with us.