Tag: Wellington Holdings

Fraudulent marketing campaigns like Bitcoin Prime or Bitcoin Genius are operated on dozens of different websites and domains. They are used to acquiring naive and greedy consumers for broker scams. In today's test of the fraudulent Crypto Genius campaign on the https://the cryptogenius.software website, we were led to the Bitfinityfx (https://bitfinityfx.com) scam. This scam belongs to the vast scam network that also ran the Blueprint Capital scam and many others. Stay very far away from this nonsense.

It is indeed a huge scam network. Scams will typically either take offshore companies or simply invent fake companies. Only rarely, they are operated by companies in Europe as is the case with the Capital Letter scam network. Capital Letter GmbH, registered in Munich, Germany was the operator of several large scams until the end of 2020. In addition, two other companies also registered in Germany, Brunnlitz GmbH and Tokkata Software GmbH, participated in the scams. All three companies are operated by Ukrainian individuals; all received warnings from regulators.

The Swiss regulator FINMA has recently issued an investor warning against the Wellington Holdings scam (www.wellingtonholdings.com). The scam operators do not disclose any information about the legal entity or persons but give Bleicherweg 10 in 8002 Zurich, Switzerland, as the address. This is bullshit, says FINMA. As a payment processor, we once again found SysPay, regulated by the Maltese regulator MFSA, in criminal collusion with Coinicash and AdvCash. We also noticed this combination most recently in the Cento GX scam.