Invest International is one of many white-label broker scams stealing money from consumers using cryptocurrencies and Estonian companies. The victims are referred to through FinanCollege, which claims to sell trading education packages. So, victims pay to get defrauded. They make their deposits to the scam through GCG Cashier and Bitcoin Today. These Bitcoins are then transferred to the wallets of the scammers. Invest International irreversibly absorbs the victims’ funds like an all-consuming black hole!
Invest International‘s website does not provide information about the operators or the applicable jurisdiction. However, it states that The Global Financial Authority (GFA) would regulate the scam. The truth, however, is that this is a fake regulator.
The interesting thing about the Invest International scam is that behind the GCG Cashier and Bitcoin Today, several crypto exchanges are integrated which handle the victims’ deposits. Overall, this is a well-designed and dangerous solution for victims. The scammers call this solution Instant Bitcoin Payments.
Yes, we know Boris Kostic
A detailed victim’s report, including documentation, perfectly shows that the Estonian BaseIT OÜ d/b/a FinanCollege is either the operator of Invest International or the so-called Introducing Broker. Anyway, we have evidence that these two scams are part of the same scheme.
The Hungarian Zsolt Horvath is the only director of the Estonian BaseIT. The operational address of FinanCollage is given as an address in Budapest, Hungary. Besides BaseIT, the FinanCollege website lists Emaxizimze Limited in the UK as a co-operator. The UK Companies Register lists Montenegrin Boris Kostic as this UK entity’s director and beneficial owner.
We are big fans of cryptos and blockchains. They may be the financial backbone of the cyberfinance era. Unfortunately, cybercriminals and scammers use cryptos to steal from consumers and launder money. Like Invest International and FinanCollege.
Share information
If you have any information about Invest International or FinanCollege, please share it with us through our whistleblower system, Whistle42. We want to continue with a detailed report on FinanCollege and its activities.