Overview
In response to our recent inquiry concerning Blue Trading and Onyx Capital, over 150 individuals have reached out, sharing their experiences. Additionally, more than 120 participants have registered for our fund recovery initiative. Drawing from data associated with other fraudulent broker schemes, we’ve formulated preliminary hypotheses and conclusions to share with our readers.
Connection to Other Fraudulent Schemes
Evidence suggests that Blue Trading is intricately linked to other notorious scams, notably those orchestrated by E&G Bulgaria and the Veltyco Group. Key indicators include:
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Shared Financial Channels: Utilization of identical shell companies and bank accounts across these schemes.
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Common Payment Service Providers (PSPs): Engagement with the same PSPs to process transactions.
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Geographical Nexus: A concentration of operations in Cologne, Germany, involving entities such as:
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SecurityPort GmbH
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StronIT GmbH
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TrustSecure GmbH
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P2P GmbH
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B2G GmbH
These overlaps indicate a coordinated effort among these organizations to defraud investors.
Relationship Between Blue Trading and Onyx Capital
An analysis of domain registrations reveals that both bluetrading.com and onyxcapital.com were acquired in 2017, despite being originally registered in 2002. Notably:
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Common Registrant: Both domains were registered using the email [email protected].
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Mexican Connections: Initial domain registrations trace back to Mexico.
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Anonymity Measures: Both websites are excluded from the Wayback Machine, hindering historical transparency.
Furthermore, neither platform provides verifiable information about their operators, a concerning omission given their promotion of “Managed Accounts” or PAMM accounts, where investors entrust their funds to purported professionals without clear credentials.
Indications of a Pre-Planned Shutdown
Information suggests that the closure of Blue Trading was a deliberate strategy to mitigate legal repercussions following enforcement actions against E&G Bulgaria and the Veltyco network. Key points include:
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Leadership Decisions: Figures like Gery Shalon and Vladislav Smirnov allegedly directed the liquidation of investor funds to preempt further investigations.
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Operational Cessation: Blue Trading ceased operations around February 24, 2019, shortly after these directives.
This approach aimed to portray investor losses as results of high-risk trading, thereby obscuring fraudulent activities.
Current Status and Future Actions
Our team continues to delve into the intricacies of this scam, collaborating with international law enforcement agencies. We are committed to uncovering the full extent of these operations and will provide updates as our investigation progresses.
For those affected or possessing relevant information about Blue Trading, Onyx Capital, or associated individuals, we encourage you to come forward and share your insights to aid in our ongoing efforts.