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Tag: ITM Solutions

Whistleblower Request – Plutus Racket, Vanished Stockhome Broker, And Plexecom!

Illegal Broker Activities Ben -
FinTelegram has uncovered several broker scams over the last two years that we have attributed to the so-called Plutus Racket. This means that these scams were run by the same boiler rooms, even if they used different offshore entities as operators. Most recently, we were contacted by a victim of the Stockhome scam who has since disappeared. The domain www.stockhome.io redirects to www.google.com. We would like to know more about the operators and request any relevant information.

Connecting the dots – Plutus broker scam related to Galore and Lucrum

Illegal Broker Activities Ben -
The same boiler room apparently operates the three broker scam brands. Victims report that chat history is shared about at least these three scams. We have already reported about the Plutus scam (here) and the Lucrum scam (here). The Galore scam (www.galore.pro) is allegedly operated by ITM Solutions LLC, registered in St. Vincent and the Grenadines. This entity also operates the Plutus scam. The offshore entity behind the Lucrum scam is Econdary LLC, also registered in SVG. On two BTC addresses, we have discovered a total of barely BTC58 worth more than $3.3M.

Wanted – The Plutus broker scammers, its perpetrators, and facilitators

Illegal Broker Activities tamir -
Yes, the Plutus broker scam is still active and continues to scam consumers and small investors! And yes, these scammers stole millions! We reported about it a few days ago. Until around May 2020, the scam worked with Praxis Cashier and accepted credit cards and later switched to cryptocurrency payments only. Until recently, the scam operated by ITM Solutions LLC processed payments via BitTheBank and XchangePro of the licensed Estonian crypto payment processors Lipan Services OÜ and BlueData OÜ, respectively. We are trying to track down the operators.

Investor Alert – Broker scam Plutus is still active with millions robbed from victims

Illegal Broker Activities tamir -
In Dec 2020, the UK regulator FCA issued an investor warning against the broker scam Plutus. While at that time, the scam was operating with the domain www.plutus.pro, it is currently active with the domain www.plutus.global. According to the website's information, the scam is operated by ITM Solutions LLC, registered in St. Vincent and the Grenadines. Currently, the only payment option is to deposit Bitcoins (BTC) to the given address. On social media, the scam is currently still active.

UK FCA warns against broker scam Plutus with Estonian BitTheBank payment processor

Compliance Ben -
FCA has issued an investor warning against the broker scam Plutus a/k/a Plutus Pro (www.plutus.pro) on December 21, 2020. An ITM Solutions LLC allegedly operates this from St. Vincent and the Grenadines. As a payment processor, we have discovered the Estonian BitTheBank (www.bitthebank.com) operated by Lipan Services OÜ. Plutus promotes its services on Instagram using the argument of 'financial freedom' via FX Trading and was active until a few minutes ago despite FCA's warning.

FinTelegram is a cyberfinance intelligence and compliance platform investigating financial crime, regulatory violations, and the rails, entities, and ecosystems that facilitate them. Combining investigative journalism, whistleblower intelligence, and forensic compliance analysis, we map risk across payments, banking, crypto, and offshore structures to support transparency, accountability, and informed action.

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