Grasp Key Financial institution is a brand new rip-off from serial fraudster Antoun Toubia.
This time it’s “AI” and banking fraud.
Grasp Key Financial institution’s web site area (“masterkeybank.com”), was first registered again in October 2021. The personal registration was final up to date on December twenty third, 2022.
Via the WayBack Machine we will see that “masterkeybank.com” was on the market shortly after it was first registered.
This means the present proprietor took possession of the area on or round December 2022.
To that finish Grasp Key Financial institution fails to supply possession or government info on its web site.
A go to to Grasp Key Financial institution’s web site is interrupted with a login/signup kind:
With a little bit of looking round you’ll come throughout Grasp Key Financial institution advertising movies on YouTube.
These movies current fictional CGI robo-dub identities as Grasp Key Financial institution executives.
Over on LinkedIn we discover out who’s truly behind Grasp Key Financial institution:
Antoun Toubia is a serial fraudster, whose historical past we’ll get into later. Final I heard Toubia, believed to be a Lebanese nationwide, was in Georgia (the nation).
If that’s nonetheless the case, presumably Georgia is the place Grasp Key Financial institution is being operated from.
The overall pitch of Grasp Key Financial institution is that’s it’s an AI powered e-bank that doesn’t exist but, blahblahblah blockchain.
Based on the rules of transparency, safety and accessibility, Grasp Key Financial institution make the most of cutting-edge AI and blockchain know-how to supply its clients with unparalleled service.
The funding alternative?
The financial institution is at present promoting founder positions, giving people the chance to develop into homeowners of the financial institution.
Grasp Key Financial institution is at present within the technique of making use of for full banking licenses in international locations world wide.
Promoting shares, digital or in any other case, with out registering an organization with monetary regulators constitutes securities fraud.
Promoting shares in an organization that doesn’t even exist but is much more fraudulent.
From Grasp Key Financial institution’s advertising movies I’ve been in a position to confirm shares are being offered for 1 cent every.
Associates should buy combo share positions for $300, or $1000 for a “founder place”.
A 5% to fifteen% referral fee is paid on recruitment of affiliate traders. The precise share paid out is purportedly decided by what number of founder place affiliate’s you’ve personally recruited.
Whether or not Grasp Key Financial institution has an connected MLM compensation plan is unclear (the web site is locked off).
I additionally need to word that even should you purchase into the advertising BS, it stands to purpose that no reliable regulatory authority on the planet goes to provide a banking license to a sham firm headed up by fictional CGI executives.
From Grasp Key Financial institution’s advertising pitch;
The financial institution guarantees to by no means freeze accounts or ask pointless questions on transfers, so long as correct “Know Your Buyer” (KYC) protocols are adopted.
If fraud is suspected, banks don’t have a selection on the subject of freezing accounts or querying clients. They must as a way to cowl themselves within the occasion authorities examine and take motion.
Nonsense like “we’re not going to freeze accounts or ask questions” additional emphasizes how a lot of a sham Grasp Key Financial institution is.
On the cash facet of issues affiliate traders are led to consider their shares can be value one thing sooner or later.
Grasp Key Financial institution associates make investments on the promise of month-to-month returns:
And there’s additionally staking funding fraud:
All of this must be registered with monetary regulators, and none of it’s.
BehindMLM first got here throughout Antoun Toubia by United Capital Investments in 2019.
UCI traders have been pitched a ten,000% ROI over 40 weeks. The apparent Ponzi scheme adopted Toubia’s earlier exploits; Pebex, SprinkleCoin and UCI Coin.
United Capital Investments collapsed or started collapsing someday in late 2019. Victims have been finally funnelled into “The Swedish Belief” in early 2021.
The Swedish Belief turned out to be one more car for Toubia to siphon cash from gullible traders by. BehindMLM revisited the scheme in March 2022.
In a since-deleted late 2021 advertising video, Toubia claimed The Swedish Belief collapsed resulting from COVID-19 and “household points”.
After The Swedish Belief got here the British Enterprise Bureau.
Toubia registered the UK shell firm in February 2022 with a $2 billion USD assertion of capital (UK incorporation fraud is rampant so don’t learn into that determine).
Similar playbook; nugatory shares flogged on the promise of riches.
Enterprise Bureau Britain continues to be integrated within the UK, however nothing has been filed since its Feb 2022 Assertion of Capital.
And that brings us to Grasp Key Financial institution. New yr, new rip-off.
BehindMLM documenting Toubia’s fraud stemming from the UCI MLM alternative hasn’t gone unnoticed.
In Might 2022 Toubia despatched BehindMLM the next e mail;
Hiya Oz,
Sorry for my message, i noticed that article, and it’s utterly not proper, i actually haven’t any hatred towards you, i’ll delete my article on
medium that i’ve written earlier than about you, i do know you are attempting to assist expose scams and so forth.However please give me an opportunity to clarify that the knowledge they gave you about me isn’t proper in any respect.
I’m a trustworthy father of two little women. And that i did all the things by the ebook. I’m able to reply your questions and clear the confusion, i ask you as a result of i do know you continue to have a giant coronary heart and humanity in your coronary heart.
And i actually apologize for something impolite or offensive that got here from my facet. I’m not right here to get any info from you in any respect. I’m right here simply to ask you as a human to contemplate removing of the articles you wrote about me, for the sake of my little two women, and for the sake of 500+ traders and their future, that they’re prepared additionally to jot down to u and ensure that what Hester and Reality Teller wrote is simply delusional and false info.
I’m not telling you that i’m the relative of mom theresa, however i’m a person of excellent coronary heart, and whoever wrote badly about me is simply offended as a result of we failed within the undertaking that they’re includes in and so they now suppose they’re sherlock holmes and so they come witb all these fantasies.
Please i do know that you’ve a coronary heart to hear.
Thanks for studying my e mail, and that i hope you think about my request.
Regards,
Antoun toubia
To which I replied;
Hello,
I stand by my very own analysis. Be happy to level out any errors within the article correct and I’ll deal with them.
The article principally quotes and analyzes your individual phrases, so I don’t see how any errors have been made until they have been in your half.
I additionally don’t admire hypothesis on my analysis course of. It differs for any given article.
I can’t converse to the accuracy of feedback left by readers. You’ll have to deal with them your self.
My curiosity in you doesn’t lengthen past the MLM business. You may very nicely be Mom Teresa, I’d nonetheless solely cowl your MLM exploits.
This prompted a forwards and backwards, all through which I maintained BehindMLM wouldn’t be taking down our protection of Toubia’s exploits.
I didn’t trouble responding to Toubia’s final August fifth e mail;
I’m not operating a ponzy scheme, it’s simply your opinion, however i heard tales your ego may be very excessive, and you don’t want to be confirmed unsuitable, so there isn’t any answer for you, hold this manner of evil deeds and inflicting hurt to harmless individuals, should you suppose there isn’t any god, you can find out quickly how mighty is god.
Don’t suppose that it is going to be left unpunished. I now know that every one the issues written about you on-line are actual, that you’re not a human, and haven’t any mercy or coronary heart, you’re simply evil after the cash, you’re no totally different than all of the scammers and terrorists on the market.
God have mercy in your soul.
regards,
Antoun Toubia
Outdoors of outright fraud, the widespread theme in Toubia’s exploits is just he and people he works with make any cash.
Grasp Key Financial institution, albeit nonetheless in its early phases, received’t be any totally different.
