Topic: MAJOR SCAM ALERT: digitalassetsprogram.com Fake Investment Scheme (Read 286 times)

Given the fact that my personal data has appeared in the context of criminal activities, with which I have absolutely no connection, and which could wrongly associate me with these actions or even unjustly make me a suspect, I have decided to clarify this matter publicly. My goal is not only to clear my name but also to enlighten the community about the methods of cybercriminals and fraudsters and the potential consequences of their actions, which is crucial in preventing similar cases in the future.

Introduction and background:
As a trader on the now-defunct LocalBitcoins, my transactions and reputation were always lawful and ethical. Regrettably, criminals used my (and others') data to mislead potential investors and possibly obscure the paths leading to the true perpetrators of criminal activities.

During my activity on LocalBitcoins, I encountered various types of fraud. Often, fraudsters would initiate cryptocurrency purchase transactions and, upon receiving my transfer details, use this information to deceive others by suggesting I was the beneficiary of their payments for non-existent transactions. Consequently, my banking details and surname could be wrongfully associated with criminal activity, risking wrongful linkage to actions for which I bore no responsibility. I might describe the most spectacular cases with international scope in the future.
I initially conducted transactions without a company, but as the volume of transactions grew and I sought to address tax matters related to cryptocurrency income, I decided to establish my own company, which was described by the post author and erroneously linked to criminal activities. For this purpose, I collaborated with an agent who advertised as an expert in tax advice and optimization for the cryptocurrency industry. One of my first suspicions, for which I found no proof, fell on this agent due to their questionable standards.

Discovery of abuse:
Discovering that my company was exploited by fraudsters came as a shock. This information reached me through a friend who stumbled upon a forum post and decided to inform me. I immediately contacted the post's author to delve into the subject. My initial suspicions were various. The first suspect was the agent I collaborated with to establish the company, due to prior doubts about their safety and privacy standards. Another hypothesis was an attempt to deliberately discredit me, though further investigation found no direct evidence. I also considered that someone I personally knew or had traded with on LocalBitcoins could be behind the fraud. Ultimately, the analysis suggested that fraudsters were using data from various companies, choosing victims based on data availability rather than personal conflict, making my publicly available data an easy target.

Private Investigation:
In my private investigation, the starting point was information and links to websites mentioned in this thread, leading me to a deeper inquiry.
https://digitalassetsprogram.com

https://digitalasetgroup.com/

And in another related post(https://bitcointalksearch.org/topic/scam-alert-biteasyltdcom-fake-investment-scheme-5223764):
https://biteasyltd.com/
Using the Archive.org service, I was able to access archived versions of websites that no longer exist, enabling an analysis of their content and how fraudsters used false company data. Particularly revealing were snapshots of sites like biteasyltd.com and digitalassetsprogram.com, providing insights into the fraudsters' methods.
https://web.archive.org/web/20191118164602/https://digitalassetsprogram.com/">https://web.archive.org/web/20200502160244/https://biteasyltd.com/
https://web.archive.org/web/20191118164602/https://digitalassetsprogram.com/
I analyzed several websites where the use of similar templates and operational methods indicated they originated from the same perpetrators. The recurring appearance of the same registration data across various sites, along with errors in descriptions and corporate registration documents, further confirmed their fraudulent nature. Examples of sites identified as part of the fraud network include:


• https://www.dailyfxcryptotrader.com/?a=cust&page=about
• https://polaris-capital.org/?a=cust&page=about
• https://www.titan-royalfree.org/?a=cust&page=about
• https://www.corniscrypt.net/?a=cust&page=about
• https://ameriswissfxexchange.com/about
• https://coshmcapitals.us/
• https://algrowthcapitals.com/?a=cust&page=about
• https://apextradeplus.com/?a=cust&page=about
• https://www.venusfinancedigitaltraders.com/?a=cust&page=about
• https://bluetradingfx.com/?a=cust&page=about
• https://cointradevestlimited.com/?a=cust&page=about
• https://www.exparttrades.com/
• https://globe-trades.pro/?a=cust&page=about

A thorough analysis of these sites helped me better understand how fraudsters create the illusion of legitimate operations to mislead potential victims and confuse or destabilize law enforcement efforts. I will continue my investigation to delve deeper and document this criminal activity, with my findings intended to serve as a warning to others against similar threats.

The websites I'm going to describe are currently operational. The first one, www.dailyfxcryptotrader.com, uses a slightly modified template from https://digitalassetsprogram.com/. The certificate of incorporation indicates a British company, QOIN LTD, with the number: 13372090, but a completely different number (114921234), not found in Companies House, is mentioned in the description -  https://find-and-update.company-information.service.gov.uk/company/13372090
The site occasionally displays enticing pop-ups like: "Someone from United Kingdom just Invested 27 000$", "Someone from Germany just Invested 6 000$".
In the footer of the website, despite indicating the certificate of the company QOIN LTD, the details do not match those in Companies House.

https://i.postimg.cc/85rNJ1Cv/screen1.png

https://i.postimg.cc/6qc6Vtkp/screen2.png
https://i.postimg.cc/brsVgRMS/screen3.png
https://i.postimg.cc/B68wcgRL/screen4.png

Another website, https://polaris-capital.org/?a=cust&page=about, lists in its "about us" section the company behind the venture as "POLAND, (Company Number: 114921234, Stanislaw Kowalski 98 Shirley Street 4209." The site features a graphic purporting to be the company's certificate, which doesn't even resemble a template for Polish companies certificate; it's completely fabricated. Additionally, the address lacks a city, and the postal code doesn't match the Polish postal code format. Moreover, the number listed on the company's certificate is the same as on the previous site (www.dailyfxcryptotrader.com), used when referencing the company QOIN LTD.

https://i.postimg.cc/9MjqJXnd/screen5.png

Another fraudulent website (https://www.titan-royalfree.org/?a=cust&page=about) in its "about" section points to a company registered in Argentina: Company Number: 114921234, YPF Tower, Macacha Güemes 515, Buenos Aires, Argentina. However, next to what they claim to be a British certificate, they list the same number previously mentioned on www.dailyfxcryptotrader.com pretending to be QQIN LTD, and on https://polaris-capital.org/ posing as a non-existent Polish company. On this website fraudster used same template as https://digitalassetsprogram.com/
At the address in Buenos Aires, there are many different companies. Below is a Street View of the office building at the indicated address.
https://i.postimg.cc/LXN6LHK6/screen6.png
https://i.postimg.cc/DfRmgw48/screen7.png

Another fraudulent website - https://www.corniscrypt.net/?a=cust&page=about. On this website, in the "about us" section, the fraudsters claim that a Swiss company is behind the venture and provide its details: Switzerland registered company, (ISO Number: 36664:2022,5, Avenue Theodore Flournoy Geneva, 1207 Switzerland). During the preparation of this website, the scammers made a mistake in the code, and before the company details, the name of one of the variables is visible: $settings.site_name}. The graphic next to which the text "Switzerland Company Number" appears is not actually a certificate of a Swiss company; its appearance differs significantly from the official template. A street view for the address: Av. Théodore-Flournoy 5, 1207 Genève, Switzerland, indicates that it is a residential block.

https://i.postimg.cc/JzKWnpbj/screen8.png
https://i.postimg.cc/mZMfMLYL/screen9.png

Another fraudulent website - https://apextradeplus.com/?a=cust&page=about. On this website, in the "about us" section, the scammers do not specifically mention any company. Once again, a certificate pointing to the British company QOIN LTD appears, but they provide a previously recurring number that does not match the entry in the Companies House register.
After loading the page, a message also appears stating:

https://i.postimg.cc/52Wd966d/screen10.png
https://i.postimg.cc/66D5R6yz/screen11.png

Another scam website - https://www.venusfinancedigitaltraders.com/?a=cust&page=about. On this page, in the "about us" section, the scammers again refer to a company with the following details (Company Number: 114921234, 4 Luke Street, London, United Kingdom, EC2A 4XW), using the non-existent and recurring number 114921234. The graphic next to the text "UK Company Number: #114921234" contains the text "The state of Washington," despite the provided details supposedly indicating a British company. The address provided in the footer of this page is: 1333 2nd St, Santa Monica, California, United States, 90401.

https://i.postimg.cc/XN21DXwc/screen12.png
https://i.postimg.cc/fTrFkkyT/screen13.png

Another fraudster's website - https://bluetradingfx.com/?a=cust&page=about. On this page, in the "about us" section, the scammers do not provide the company name. Once again, the non-existent UK Company Number #114921234 appears, while the certification indicates QQIN LTD as the company.

https://i.postimg.cc/GmbQLCJh/screen14.png

Another fraudster's website - https://cointradevestlimited.com/?a=cust&page=about, referring to the non-existent Companies House number 114921234 and the company QQIN LTD.

https://i.postimg.cc/jjPPP3hk/screen15.png

The last website I found - https://www.exparttrades.com/?a=cust&page=about, once again referring to the non-existent Companies House number and certificate of the company QQIN LTD. The website differs slightly in its graphic design, but the layout and template are identical to the other cases.

Another scam website - https://globe-trades.pro/?a=cust&page=about. On this site, the scammers indicate Globe Trades LTD as the company behind the venture. The certificate presented is a graphic that does not directly indicate the company's registration certificate. The certificate is likely fake, purportedly issued by the Blockchain Council confirming membership in an unspecified association.
https://imgur.com/0kZ0VFz

https://i.postimg.cc/QCtqQkC9/screen16.png
https://i.postimg.cc/wTnkNNpM/screen17.png

I also came across a Reddit post from a victim describing how the scammers operate.
https://www.reddit.com/r/Bitcoin/comments/r222oh/bitcoin_scam_by_valuetradeltd_registered_uk/
The website described in this case no longer exists, but its snapshot can be found on archive.org.
https://web.archive.org/web/20220614223127/https://valuetrade.ltd/



In addition to the sources mentioned earlier, I came across additional information related to the scammers by querying Google. I found posts on Russian-language Facebook groups. Additionally, on the YouTube platform, I came across a promotional video linked to the Company Number: 114921234, often associated with British entities. However, this time, the number was linked to coinvastfx.com, purportedly a company registered in the United States. I also found a report on the website https://www.scamscavenger.tech/projectinfo?project=tradetrust.ltd reporting one of the scammer's websites as a scam.

Description under the YouTube video
https://www.youtube.com/@coinvastfx1574

Russian-language posts on Facebook groups indexed in Google under the phrase of the recurring non-existent British company number.
https://www.facebook.com/groups/mansar14/posts/3066864483562813/?_rdr

https://www.facebook.com/groups/mansar14/

I also found information about one of the scam websites using a Russian hosting provider with the following details:

Server IP: 185.178.208.134
Provider: Ddos-guard LTD
Region: Rostov Oblast
City: Rostov-on-Don
This may indicate that the scam is orchestrated by someone from Russia, or this location was chosen due to limited cooperation between Russian law enforcement agencies and their counterparts in Western countries. However, it's also possible that both options are true simultaneously.
https://i.postimg.cc/YqWLbJx3/screen18.png
https://i.postimg.cc/zD7yVgrY/screen19.png

Confronting the Scammers

In confronting the scammers, several steps were taken to address the issue effectively. Notably, my friend initiated direct contact with the scammers via live chat on March 28, 2024 (screenshots provided below). The objective of this confrontation was to ascertain the wallet addresses used by the scammers for further analysis of fund flow.

As a result of the conversation, three wallet addresses were identified, with only the TRX wallet containing 12 TRX deposited 22 days ago.

Scammers' Wallets:

Bitcoin Wallet: https://mempool.space/pl/address/bc1q6ycak5rkfwcxfspmlg472fwzk04u04y8wwe0hj
Ethereum Wallet: https://etherscan.io/address/0x212299af1d70b75172202D927c781Fbd10dA36f2
USDT (TRC20) Wallet: https://tronscan.org/#/address/TAUYGReLBbZfCK3WXP45YeufcWb9ft7nmY
These actions mark a proactive effort to confront the scammers and gather crucial information regarding their operations, aiming to prevent further fraudulent activities and safeguard the community against potential harm. It is also important to note that, unfortunately, there is a lack of comprehensive accounts from victims online, and the available information is often fragmented.

https://imgur.com/mA2jcvX
https://imgur.com/yeUQimz
https://imgur.com/9PsDosk
https://imgur.com/W4WwydF
https://imgur.com/PFtQ6PP
https://imgur.com/fy3UOQM
https://imgur.com/6JxfP9g
https://imgur.com/92F46r3
https://imgur.com/q7PYrxS
https://imgur.com/McDizie
https://imgur.com/JwCslrw
https://imgur.com/jGJpk6R
https://imgur.com/vAmjReK
https://imgur.com/GSkQRfR
https://imgur.com/1v0gwnH
https://imgur.com/laeu72I
https://imgur.com/1oeVj0z
https://imgur.com/ww6JEOZ
https://imgur.com/JJx9lXK

The post will be updated with new information as it becomes available. Please contact me if you have been defrauded or have information about the wallet addresses or bank accounts used by the scammers.

I hope the information will benefit the community. I also hope that the perpetrators of this fraud will be brought to justice.

Yes it is the same scammers behind Digital Assets Group, Digital Aset Group, Biteasy Ltd and others no doubt. They are using the same certificate at Companies House and promting on this website with the spelling discrepancy: https://digitalasetgroup.com/certificate.pdf

https://bitcointalksearch.org/topic/scam-alert-biteasyltdcom-fake-investment-scheme-5223764 (Biteasy Ltd)

Sorry these people will not return anything to your friend because they are scammers, thieves and general low-life lowest of the low.

Your friend should report them to the UK police starting with an online report: https://www.actionfraud.police.uk/

NEED HELP

One of my friend has invested some money on https://digitalasetgroup.com/ and now he cannot make the withdrawal. First few months the company has paid interest on time but after making a big deposit, they are not paying. Not only that, company requests to pay more money as late fees to make the withdrawal but they are not paying.

https://digitalassetsprogram.com  and  https://digitalasetgroup.com/ are the same SCAM?

Is there any way to withdraw capital from these people?
Can he take any legal action against the company?

Please need advice..

If they are using schemes like fake pictures and impersonating women to attract foolish male investors, that is another major red flag.

Sites that use those methods are known for using private conversations and compromising details to blackmail people.

https://en.wikipedia.org/wiki/Sextortion

It is the fact they are using Telegram to join various crypto groups and then sending PMs to men by pretending to be women. This is part of the scam too. They steal photos of scantily clad women and use them in their profiles while acting as admins for them on Telegram


That certificate of incorporation is real, the company is registered but it costs less than $50-$60 to register a company in the UK. It does not make their business real or make its intentions scam-free.

In this case, all is clear about the scam.

these types of companies are starting to appear more and more, the possible because of the effects Bitcoin price rising..  a few days ago I got an email from an investment company that is not well known, they offer a big ROI to me;

• if you invest $ 100 it will get $ 150 within 60 days, multiples continue to apply
• then if you invest $ 1000 it will get $ 1500 within 60 days

to be honest.. if you look at the high ROI they offer it's natural that I'm interested, but I'm not interested in joining because I know that this kind of company can't be trusted, they only take advantage of our greedy nature and then deceive us.

---

Congratulations to @OP.. this is a big catch  

There is already a certificate to convince many people that the investment here is real, I still would not believe about an investment like this on the basis of the same Ponzi scheme, only people who do not know deeper will enter it.

https://tawk.link/5a188fd7198bd56b8c03d334/vc/5c5c3473f2b8e1e1b6c9ed96/v/44eb6865a098cb5229c0a42e2f0191ec9553503d/application-pdf_(31).pdf

This seems another High-yield investment program (HYIP), that like most of them are just Ponzi schemes.

No legitimate investment program can pay those kind of profits.

The firsts to jump on board will be paid a few times in order to keep appearances, but as soon as they receive some deposits, the site will disappear without a trace, just to pop-up again, with the same layout but a different name and address soon.

Yes the market is definitely alive again and the scammers out there trying to make a quick buck at the expense of gullible investors. I mean think about it, they are stealing photographs from genuine social media accounts of women and then using them to pose as Admin for the website in Telegram. They go to various crypto related Telegram chats to sending unsolicited PMs in order to entice investors with promises of riches.

At first glance I also thought it was a simple ponzi scheme because of the scam ROI plan but after looking in to it further it was clear that they had no intention of having a pyramid system when they could simply keep all the funds received for themselves.

I am still fairly confident the $100 investment plan is put there deliberately as a dangling carrot. They want investors to go for that one first so they can send back $104.20 to win the trust of the investor and then hope to get the $500, $1000 or the $3000



Thank you, I wanted to provide some compelling evidence instead of the just the obvious "investment plan" so looked deeper and presented as best what I could.

It really is sad that scammers are making money by effectively finding ways to steal Bitcoin from those that are part of our crypto community.

I hope investors always follow the simple age-old rule: ... if it looks too good to be true, it probably is ...

Surely they are on the rise, and they really love hiding behind bitcoin's success and price rise. They actually use the price rise as one of the ways to convince ignorant people to invest in their "packages"

---

OP, great job exposing the scammers. I loved that detailed analysis 

Damn, I would just say it's another Ponzi but you went several levels beyond and investigated their shares? Now that's definitely worth some merit right there. Also did anyone basically notice how many Ponzi scheme sites are starting pop up yet again? The market is alive again, as it seems.

Good find.

I also can notice that they are showing the registration papers of the company, but is all pixelated and hard to read, this seems very shady

http://prntscr.com/pqxdvr

When most modern day thieves decide to carry out a crypto-related theft, scam and fraud it is a fact that one of the key components is a neat looking, user friendly and easy to navigate website. The website is central to the fraud as it is the main avenue for scammers to send out their message in an attempt to fool investors.

When investigating digitalassetsprogram.com by browsing their website and running a few basic background checks things become very clear that this a major scam.



WEBSITE HOME PAGE
This is the link for the About Us page: https://digitalassetsprogram.com

A quick glance at the digitalassetsprogram.com website clearly shows a run of the mill tatty looking website using a 3rd rate logo design and lots of animated bitcoin and USD$ gifs floating around. There is nothing impressive or enticing about it. The logo is a complete disaster too.

The only thing that stood out was the astonishing claim they made which I have captured below:







- CLAIM #1: if you send them $100 worth of BTC for 24 hours they will give you $104.2‬0 worth of BTC

- CLAIM #2: if you send them $500 worth of BTC for 96 hours they will give you $600 worth of BTC

- CLAIM #3: if you send them $1000 worth of BTC for 24 hours they will give you $1,300‬ worth of BTC

- CLAIM #4: if you send them $3000 worth of BTC for 30 days they will give you $12,000 worth of BTC (@ $300 daily x 30 days = $9000 + original $3000)


In the examples above I have used the minimum amounts the scammers have stated themselves rather than the percentages but either way the scale of the scam can be seen in the screenshot posted above.

All of their claims are blatantly designed as a ruse to fool investors in to sending crypto but claim #4 is mind-boggling because no bank in the world would ever take $3000 from an investor only to return $12,000 to them 30 days later so how can this two bit trash website be at the forefront of a banking investment structure that both defies logic and reason?



ABOUT US
This is the link for the About Us page: https://digitalassetsprogram.com/?a=cust&page=about



What you see below is the one page on any website where any company can listed information upon information about itself to allow those viewing it to learn about the company and people behind it but these scammers have put nothing of substance, nothing to provide real information.

They do however showcase their incorporated company for DIGITAL ASSETS GROUP LIMITED using the words "Our Comapany Certificate"  




TERMS & CONDITIONS:
This is the link for the About Us page: https://digitalassetsprogram.com/?a=rules

Reading through it, the words hideous and ridiculous come to mind.

The scammers have accidentally written "Digital Assets Program Limited" instead of "Digital Assets Group Ltd" on 6 six occasions in the Privacy section of their Term and Conditions.

Just to be on the safe side I checked and there is no sister company registered as "Digital Assets Program Limited"

website terms and conditions:




COMPANY ADDRESS:
DIGITAL ASSETS GROUP LIMITED are heavily promoting a UK address at every possible stage on their website claiming or implying it is their location and their office:

101 Rose Street South Lane, Edinburgh, Midlothian, Scotland, EH2 3JG

There are a staggering 69,000+ companies that have been associated with that same address: https://beta.companieshouse.gov.uk/search?q=101+rose+street+EH2+3JG

Their company address is nothing more than a mailing address which they use on their website to fool people and all companies registered in the UK must have a Registered Office address made available to the public. Some of these mailing addresses for hire in the UK can cost just £36 per year which is around 41 EUR per year or $46 USD per year.

No legitimate UK company that claimed to have a UK office would ever advertise a non-UK contact number and state it was only for use with Whatsapp when the company is supposed to be professional entity offering lucrative returns to investors.


UK COMPANY REGISTRAR:
The link gives information about the company at Companies House: https://beta.companieshouse.gov.uk/company/SC586438

A quick search shows the company was registered/incorporated on 22nd January 2018 and their micro account filed on 31st January 2019 shows a great example of deliberate misdirection. It shows assets worth over £684,000 which is around 795,000 EUR or around USD$885,000.

This is a common trick used to fool prospective investors because for example, they could value a pencil or pen or even a paperclip at any amount they wanted and label that as an asset but never declare what the actual asset was and only list the value according to them. Then they will show the company has debts, in this case it owes a little bit more than the value of the stated asset therefore on the loss/profit balance sheet they show a much lower financial figure otherwise the UK Tax Department will chase for tax on assets that just do not exist.

This company never has and never will pay any tax to the government. Before its next filing is due they will probably exit and start up another fake company. Maybe they already have several running side-by-side but have not been located yet.

Full details can be seen here: https://beta.companieshouse.gov.uk/company/SC586438/filing-history

In its filing history pdf it clearly shows a sole Director/Owner called Slawomir Zielinski and shows him as owning 10 shares at just £1 each. The company has a total nominal share value of just £10 (which is around 11.50 EUR and around USD$12.70) so do not be fooled at all by the deceit and attempts and misdirection by the scammers stating it has assets worth USD$885,000. No they do not. The truth is the company shares are valued at just USD$12.50.

Slawomir Zielinski is a Polish citizen born in 1994. His address in Scotland, UK shows the same mailing address as DIGITAL ASSETS GROUP LIMITED so he does not live at that address. Can I be sure the Polish ID used to create the company was stolen and used without consent of the person it belong to? I cannot say it if was stolen or not because I would be guessing but the website and project is a major scam.



SOCIAL MEDIA
They have no social media presence and use only Telegram and a non-UK contact number for Whatsapp as shows in the screenshot above.

As far as Telegram is concerned they use it to send PMs inviting potential victims to this scam. The Telegram link in the website is not connecting but they use Telegram as a tool to contact people then try to fool them in to "investing".

They pretend to be female Admin team members then go to various crypto groups in Telegram and send unsolicited PMs to start the duping process. Thanks to them sending a message to me I started investigating and I made this thread otherwise I would probably never have heard of them until victims starting making Scam Accusation threads in the near future.



SUMMARY
They also claim to have datacentres around the world but their WHOIS shows the DNS going to Namecheap (http://whois.domaintools.com/digitalassetsprogram.com)





If putting aside all information from the Company registrar and the fact they listed the name of their own company wrong at least 6 times in their own Terms and Conditions and skip past the manner in which the "team" infiltrate other Telegram crypto groups to send PMs inviting potential victims to this scam. Put aside their lack of real phone number and using a non-UK number for Whatsapp, skip past their FAQ section where they re-enforce their message of having a UK company registration means they are a genuine business and instead just look at the astonishing claims made on their "investment plans".

Maybe, just maybe they will send back $104.20 worth of BTC to an investor who sends $100 but that would be the ideal way to win trust and ask for an amount that will not be returned.

One other way of looking at this scam is as a ponzi scheme if they used it as a pyramid to take money from one investor and give it to another but I am sure there is no transfer at all.

These scammers are using a tatty grim looking website as a tool to scam gullible investors or those that see photographs of scantily clad women who claim to be admin team members working for Digital Assets Group Ltd using Telegram to entice. Those pictures are obviously taken from social media accounts of women who have no idea a new online fake identity has been created using them and have no idea they are being used to promote this scam.

What I can say for sure is that no bank in the world would ever give take $3000 from an investor only to return $12,000 to them 30 days later.



EVERYBODY IS ADVISED TO STAY AWAY FROM THIS SCAM