New Complaints from Within the Veltyco Network Since our initial reports on projects affiliated with the Veltyco Group, we have received a steady stream of whistleblower tips. Most recently, a message arrived regarding LottoPalace.com, a German-facing online lottery operator that is part of the broader Veltyco ecosystem (news link). The platform operates under the eGaming license of Altair Entertainment N.V., a company tightly linked to Uwe LENHOFF, Veltyco’s former business development chief. Altair serves as the official license provider for various Veltyco-related entities, yet offers little transparency to the public. It operates in the background—effectively a stealth company—despite its pivotal…
Author: Tom
The ESPORTS.COM Narrative: From Ambition to Collapse Much like a modern-day fairytale, the ESPORTS.COM venture began with grand aspirations. Originally launched by gaming and betting entrepreneur Uwe LENHOFF and his associates, the project aimed to revolutionize the eSports industry through blockchain technology. Frontmen Benjamin FÖCKERSBERGER and Philipp GEPPERT were put in place to represent the initiative and appeal to crypto-hungry investors. The objective? Launch an ICO, distribute eSports Reward Tokens (ERT), and raise approximately $20 million. According to a February 2018 article in Hessen Depesche, German MLM figure Michael THOMALE was involved from the early stages. The only tangible asset…
Who Is Dr. Stephan WELK? That question yields different answers depending on whom you ask or where you look. Over the past weeks, our research has uncovered a complex portrait of Dr. Stephan WELK, a German figure now active in the crypto-MLM scene through his role in NEXUS GLOBAL. His involvement adds depth to the project—and controversy—by linking it to far-right political circles in Germany. So, who exactly is Dr. WELK? 1. The Diplomatic Persona According to Wikipedia, Stephan WELK is described as a “German business economist and diplomat.” The entry notes his diplomatic affiliations with African nations, including São…
A Shift at the Top of a Controversial Enterprise For some time, we’ve described VELTYCO as a kind of “Evil Empire” (to borrow Ronald Reagan’s phrasing) within the realms of cryptocurrency, online gaming, and sports betting. This description stems from our ongoing investigations and the steady stream of information we receive from whistleblowers and insiders. Numerous concerns have been raised regarding suspicious business activities and financial maneuvers linked to the group. One of the most troubling examples was the ESPORTS.COM project, which led to a failed ICO and a collapsed business structure (see our earlier report). The man widely seen…
Annual Meeting Scheduled on the Isle of Man The upcoming Annual General Meeting (AGM) of VELTYCO GROUP PLC (“VELTYCO”), a publicly traded company, is set to take place on July 11, 2018, at 10:30 a.m. on the Isle of Man (link). While the formal agenda may appear routine, this is misleading given the significant organizational upheavals and challenges the company is currently navigating. The agenda proposes standard items typical for periods of operational normalcy: Re-election of existing board members Appointment of auditors Approval of dividends declared by the directors Establishment of authorized capital Approval of the company’s annual report and…
Background and Sources The following information is primarily derived from publicly accessible documents, including filings with the London Stock Exchange. This summary is intended to consolidate information that any analyst or shareholder could independently access and review. The Birth of VELTYCO GROUP PLC VELTYCO GROUP PLC originated from a Reverse Takeover (RTO) transaction in 2016. At that time, VELOX3, already listed on AIM in London, acquired SHELTYCO ENTERPRISES GROUP LIMITED (“SHELTYCO”) from Uwe LENHOFF and his associated companies. The deal valued SHELTYCO at approximately GBP 10.3 million, with VELOX3 issuing around 43.7 million new shares as consideration. Following the transaction:…
Binary Options – The Core of VELTYCO’s Business Model Throughout the Reverse Takeover (RTO) and the subsequent stock exchange listing in summer 2016, VELTYCO repeatedly emphasized that binary options formed a crucial part of its business model. Notably, VELTYCO operated Option888 (www.option888.com), one of the most recognized binary options platforms. Even today, Option888 Marketing Ltd remains part of the VELTYCO Group. To shield itself from potential legal risks and frustrated investors, VELTYCO structured its operations into two distinct layers: Marketing Layer: Website, domain, and marketing activities (managed by the VELTYCO Group) Legal Layer: Operations and licensing (managed via offshore companies)…
From Gaming to Crypto: A German-Backed UK Company VELTYCO GROUP PLC, a UK-listed entity with interests in gaming, betting, and gambling, shifted its focus to blockchain and crypto ventures in late 2017. This announcement triggered a notable increase in its share price during December of that year. At its core, however, VELTYCO remains a German-driven enterprise orchestrated by Uwe LENHOFF, who until recently served on the board. Although he officially stepped down during a board reshuffle, LENHOFF continues to operate behind the scenes as VELTYCO’s most influential shareholder and business strategist. Many of the ventures tied to the company originated…
Shifting from Binary Options to Blockchain Ventures Managing a global financial investigation platform often exposes one to both valuable intelligence and hostility. Numerous insiders contribute information about companies and individuals, while others respond with allegations, claiming investigations stem from personal vendettas. However, the facts suggest otherwise—this is simply part of operating in high-stakes industries. One such case is VELTYCO GROUP PLC, which has attracted attention since early 2018. Historically tied to the binary options market, the company was forced to seek new directions as that business became banned or severely restricted across many countries. In response, VELTYCO embraced the rising…
Nexus Global – Familiar Faces in a New Scheme Scam-Or Project looked up the crypto-MLM scheme Nexus Global and the individuals involved back in March 2018. Since then, we have published detailed investigations into its structure and expansion. Our reports prompted backlash, including threats and defamatory attacks directed at members of our team. The group surrounding Christian Michel Scheibener, Michael Thomale, Uwe Lenhoff, and Joachim Kalcher responded swiftly—and predictably. Fortunately, former business associates of Christian Michel Scheibener provided valuable insider information, including extensive documentation. Before founding Nexus Global, Scheibener served as CEO of another crypto-MLM project, Omnia Tech, where he…