Belgium’s Monetary Providers and Markets Authority has issued an Intelligence Prime Capital fraud warning.
The FSMA cites Intelligence Prime Capital as a “new fraudulent buying and selling platform”. A bit odd contemplating the Ponzi scheme collapsed in February 2022.
As per the FSMA’s June fifth warning;
Through the previous few weeks, the FSMA has continued to obtain complaints from customers regarding new fraudulent buying and selling platforms which might be working within the Belgian market.
After clicking on the advert or downloading the cell app and having given their contact particulars, the victims are often swiftly known as by fraudsters presenting a selected funding proposal (in shares, different funding merchandise, digital currencies, and so forth.).
Different buying and selling platforms contact customers via relationship apps and pretend social media accounts. Moreover, many buying and selling platforms use WhatsApp and Telegram.
The FSMA notes that a number of fraudulent buying and selling platforms supply a so-called ‘affiliate programme’ to customers. These programmes exhibit indicators of a pyramid scheme.
These platforms act very aggressively. They typically declare to carry an authorization by a pretend monetary authority, displaying it in order to appear reliable.
The fraudsters additionally attempt to persuade the victims to speculate more and more larger quantities of cash.
In addition they make guarantees of compensation in change for one final cash switch. It is a method to gather much more cash from their victims.
These are most definitely circumstances of funding fraud. Fraudsters not solely act with out the required authorizations, however in addition they divert the buyers’ funds. In such circumstances, buyers are unable to recuperate their cash as a result of these unlawful service suppliers are typically positioned overseas.
The FSMA goes on to listing Intelligence Prime Capital together with a bunch of different buying and selling scams (I didn’t acknowledge any of the others).
I believed possibly scammers had been selling a brand new iteration of Intelligence Prime Capital. The FSAA listing IPC’s authentic web site area nevertheless, which is presently listed on the market.
Intelligence Prime Capital was a Boris CEO Ponzi scheme that surfaced in late 2021.
Withdrawals stopped in February 2022, with IPC happening to execute a “regulators!” exit-scam in March.
IPC token was launched as a reload rip-off in April however collapsed shortly after launch.
Since then there have been no additional Intelligence Prime Capital updates… however uh apparently in Belgium it’s a “new” rip-off.
Unsure what’s happening in Europe however the FSAA’s warning follows a equally belated IPC fraud warning from Eire final month.
Aside from noting them for completeness, probably not certain what the worth is in issuing from warnings over a 12 months after an MLM Ponzi has collapsed.
