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. Here’s another update.
ITM Solutions LLC was registered in St. Vincent and the Grenadines in August 2019 under Company Number 154 LLC 2019. George Casper was registered as the sole manager and shareholder. We would like to know more about George Casper.
In fact, the Plutus scam is likely to have operated through London. One victim gave us 1 King Street as the address and the two managers Dante Lynch and Kevin Shaw (see the pictures above). These are certainly fake names, but the pictures are authentic, we are told. In addition to BitTheBank (www.bitthebank.com), victim deposits are also said to have been processed through XchangePro (wwwxchangepro.net), operated by the licensed Estonian BlueData OÜ. Both XchangePro and BitTheBank have already appeared to several scams as payment facilitators.
We know that charges have already been filed with the UK FCA against Plutus. Unfortunately, the regulator does not have jurisdiction over fraud. The FCA has already issued an investor warning in December 2020.
If you have any additional information helping to find and expose the scammers and their co-conspirators, we would be grateful if you could share it with us. We want to hold the operators and their co-conspirators accountable and help victims recover their money back. This scam has stolen several million euros from small investors since 2019 and is still active on social media. Victims are still being acquired via Facebook. Let’s uncover the attackers and their facilitators together.