Lucrum | FinTelegram News

Tag: Lucrum

July 14, 2022

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

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.

December 1, 2021

Not a surprise! Broker scam Celox offline!

FinTelegram has issued warnings against the Celox a/k/a Celox Live (www.celox.com) broker scam several times over the last few months. It was one of the many scams of the so-called Plutus Racket operated by boiler rooms in Bulgaria and Ukraine. Apparently, the Celox scam or its website has disappeared with the error message 404 (File or directory not found). Most recently, Celox has already received a 2-star "Poor" rating on Trustpilot and was declared a scam via an IIROC press release.

June 23, 2021

Plutus Racket Update – German BaFin launched investigations

German regulator BaFin today announced investigations into Plutus Racket. BaFin is unfortunately not known for being particularly active or competent but at least it is a first step in the fight against this racket. The Plutus Racket is the operator of a vast network of scams such as Plutus, PlutusPro, Lucrum, LucrumPro, Galore, or Celox. The racket and its scams are facilitated by several payment processors like Praxis Cashier, BitTheBank, XChangePro, and Polish Sales Master Z.O.O. Behind all these scam brands are the same boiler rooms in Bulgaria and the Balkans.

May 3, 2021

Investor Warning – Celox is another broker scam in the Plutus Racket

We have reported about Plutus Racket scams several times in the last few weeks. So far, thanks to our whistleblowers and with the information provided by victims, we have found the scam brands Plutus, Lucrum, and Galore. Apparently, the Celox (www.celox.live) scam also belongs to Plutus Racket. Furthermore, we have discovered BitTheBank, XChangePro, and Polish Sales Master Z.O.O. as facilitating payment processors. Behind all these scam brands are the same boiler rooms in Bulgaria and the Balkans working with Anydesk.

April 5, 2021

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

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.

February 13, 2021

Investor Warning – Bitcoin Formula recruits victims for Lucrum.Pro, FXCM Group, Triton Capital Markets, and others

FinTelegram recently issued an investor warning against Bitcoin Formula, an affiliate system to recruit new victims for various broker scams. Among them, we have discovered the Lucrum.Pro (www.lucrum.pro) is one of the many scams promoted via Bitcoin Formula. This specific scam is allegedly operated by Econdary LLC, registered in St. Vincent and the Grenadines. Deposits can be made using an intermediate solution via Stripe and PayPal or cryptocurrencies. The scam found an interesting solution to integrate Stripe and PayPal via a Polish Sales Master Z.O.O. (d/b/a Varifilio).

February 13, 2021

Investor Alert – Don’t fall for the Bitcoin Formula, ProfitsTrade, LucrumPro, FXCM Group scams!

The crypto hype is getting stronger every day. Almost every day, we read headlines about new crypto events. PayPal reports records since they accept cryptocurrencies. Elon Musk and his Tesla are buying $1.5 billion worth of Bitcoins, and most recently, Twitter chief Jack Dorsey and Jay-Z announced the creation of a Bitcoin trust. Meanwhile, the big media houses like CNN, BBC, or the Financial Times entertain with ever new exciting crypto stories. Scammers use this hype to rip off greedy and/or naive consumers with scams like Bitcoin Formula and ProfitsTrade.

Investor Briefing: SilverArrows Group and its Expanding Network

SilverArrows Capital Group, a global investment and advisory firm associated with high-profile figures such as Thomas Limberger, Robert Schimanko, and William H. Shawn, has recently come under scrutiny due to its proximity to the scandalous bankruptcy of Rene Benko’s Signa Group. The firm and its key personnel maintain strong ties to two seemingly influential yet opaque organizations in Germany and Austria.

Breaking: The World Economic Council (WEC), Rene Benko, and Israeli Services!

The collapse of the once-largest European real estate development group SIGNA of the Austrian Rene Benko continues to reveal new layers of intrigue, financial entanglements, and power struggles. While some focus on the billions lost by high-profile investors, the investigative platform Wiener Zocker has now uncovered a particularly exclusive network that has continued to thrive in Benko’s shadow – the World Economic Council (WEC).

Crypto investments

Investor Briefing: Binance’s $2 Billion Investment from MGX and Trump Family Rumors!

On March 12, 2025, Binance, the world’s largest crypto exchange by trading volume, announced a landmark $2 billion investment from Abu Dhabi-based MGX, marking its first institutional funding in its eight-year history. This transaction, executed entirely in an unspecified stablecoin, represents the largest single investment in a crypto company to date and signals a significant shift toward institutional adoption of digital assets.

Breaking: Financial Intelligence Report Exposing Austrian Connections to Major U.S. Financial Crimes

This report investigates the extensive Austrian connections to two of the largest financial fraud cases in U.S. history: the Manhattan Investment Fund (MIF) fraud and the Bernie Madoff Ponzi scheme. Austrian financiers Ronny Pecik and Robert Schimanko, through their M&A Privatbank, played key roles in the European feeder network that facilitated these financial crimes.

Investor Warning: Escalating Bearish Signals in Crypto Markets

Despite Donald Trump's crypto-friendly administration, the crypto sector cannot escape the downward trend on the financial markets. The crypto sector faces a heightened risk of a prolonged bear market, with Bitcoin's recent crash signaling potential deeper declines. Analysis of current market dynamics and macroeconomic factors suggests investors should exercise extreme caution.