Tag: 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.

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.

Celox a/k/a Celox Live broker is currently using the domain www.celox.live. The alleged operator is PLEXECOM LLC, registered in St. Vincent and the Grenadines (SVG). The scam is also active on social media and has, for example, 357 followers on LinkedIn, 1,400 friends on Facebook, over 700 friends on Instagram, and 386 followers on Twitter. The white-label scam is active in English, German, French, and Russian. The scam is still relatively young; PLEXECOM LLC was incorporated in SVG in December 2020.