Scam Alert: Capital Ex Pro, Cryptocurrency Trader Scam

Bureaus FTC Report has received complaints from affected investors about losing funds to a fake cryptocurrency trader called Capital Ex Pro. 

These traders operate/d the following websites: anzrestester.com, capitalexpro.co, capitalexpro.com, capitalexpro.io, and uteragesnte.com.

How It Works

As with most fake cryptocurrency traders, Capital Ex Pro’s scam begins with fake advertisements and Facebook articles. When the ad or article is clicked, they use the faces of well-known celebrities with fake endorsements of their program, using these glowing reviews to encourage people to register their details and sign up.

After inputting personal information, people will be contacted by an “agent” who will help them complete setting up an “account” and installing apps they claim are needed to buy and sell crypto. These apps may include Zoom and AnyDesk.

The fraudsters then encourage people to begin trading using small amounts of money. They lure people into a false sense of security and reliability by making it seemingly easy to make and withdraw profits.

Victims will then be encouraged to invest greater amounts of money and will seemingly make even greater profits. The fraudsters will then add “bonuses” and credits” to the victim’s account without consent or providing any information about what these “bonuses” and “credits” are. To then withdraw any further profits, victims will be told they need to pay these “bonuses” and “credits” by a certain deadline. If payment of these “bonuses” and “credits” isn’t made on time, the fraudsters will add a late fee to the victim’s account.

Even if the victim pays these “bonuses” and “credits” and any late fees, victims will never receive any funds and will not have access to their invested money.

Red Flags

As in the case of Capital Ex Pro, often these fraudulent investment firms will not be registered to provide or promote financial services or products under the relevant authority.

There may be a lack of information about the owners, operators, staff, etc of the company. Any contact or location information, including phone numbers, emails and addresses may be incorrect, change over time or belong to a different business or individual.

If the scam company asks victims to transfer money to a bank account, these accounts may not be in the company name or have a name vaguely related to the company. These bank accounts may also not be in the country the company claims they are located in.

Next Steps

If you are a victim of this fraud:

• Do not invest any further money. The fraudster may ask you to pay a “tax” or “fee”. This is a last-ditch attempt to get more money from you.
• Do not give the fraudsters remote access to your computer. They may do this by offering to “assist” you through the installation and use of apps such as AnyDesk or TeamViewer, which allow them to remotely control your computer mouse and keyboard.
• Immediately report the fraud to the Police or via your national fraud reporting portal (Australia www.cyber.gov.au, USA www.ic3.gov, UK www.actionfraud.police.uk, Canada www.antifraudcentre.ca)
• Submit an Investment Fraud enquiry to Bureaus FTC Report to discuss your fraud and find out what can be done to investigate and recover your stolen money.

Bureaus FTC Report Investigations is a private intelligence and investigations firm that represents investors who believe they have been scammed, or duped into fraudulent investment schemes. We are strictly vetted by the NSW Police Force in Australia and the State of Florida in the USA, and you can view and verify our investigator licences at https://www.bfrglobal.com/about-us/