Background on the Option888 Platform
Option888 has emerged as one of the most notorious platforms in the binary options space, particularly in German-speaking countries. Over the past years, thousands of retail investors have reportedly suffered losses due to the platform’s misleading practices and multiple domain operations. Investigations have linked the project to a wider business network involving offshore entities and publicly listed companies.
According to ongoing research, the platform is economically connected to Uwe LENHOFF, a German entrepreneur, who operated through a combination of offshore companies and the UK-listed firm VELTYCO PLC.
Cologne Office Searched by Authorities
New documents obtained from the Munich public prosecutor’s office reveal that in early 2018, German law enforcement executed a search at the premises of B2G GmbH, located in Cologne. This action was part of a broader investigation into fraudulent activities associated with the Option888 platform.
Cologne is also the operational base of Uwe LENHOFF, who is believed to be one of the key figures behind the binary options network. The city appears frequently across business registrations linked to LENHOFF.
Related Entities and Corporate Network
In addition to Option888, Uwe LENHOFF is connected to several other platforms and ventures:
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VELTYCO PLC – a publicly traded company co-founded by LENHOFF and Marcel NOORDELOOS in 2016
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XMarkets and LOTTOPALACE – operated via offshore vehicles
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Bet90 – a sports betting business also based in Cologne
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CryptoTec – a technology provider for betting terminals, also headquartered in Cologne
These entities form part of an expansive structure allegedly involved in financial misconduct and unauthorized trading operations.
Implications for Asset Recovery
Insights gathered from the 2018 office search and subsequent investigative developments are now considered valuable for identifying financial flows and potential recovery options for affected investors. Several German and Austrian media outlets, including Vorarlberger Nachrichten, have reported on the scope of the fraud and its impact on individuals.
Regulatory bodies and legal professionals have issued multiple alerts concerning Option888, citing its high-risk nature and unregulated operation model.
Submit Information and Claims
If you possess relevant information about Option888, VELTYCO PLC, or associated companies such as Celestial Trading, Capital Force, or Celtic Pay, or if you are an affected investor, consider sharing your data and claims through dedicated reporting channels.