Friday, November 22, 2024

Daily Affiliate Alert – Fraudulent Bitcoin Circuit campaign promotes AroxCapital scam

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An email arriving today leads us to the fraudulent Bitcoin Circuit campaign on Agree Offer (www.agreeoffer.com/bitcoin-circuit). There we are shown a video of Richard Branson in a fake celebrity campaign and promised that we could become millionaires. Upon registering, we are redirected to the CFD and crypto broker scam AroxCapital (www.aroxcapital.com). As a payment processor, we once again found Pay Credits from VertexTech Ltd. AroxCapital Trading Ltd supposedly operates the scam in Canary Wharf, London. However, the company does not exist. Confusingly, Cyprus is stated as the jurisdiction. We had already warned against AroxCapital a few weeks ago.

AroxCapital is very active on Facebook and has over 700 likes. There the scam also positions itself as a social trading provider. The AroxCapital scam has also been very busy on Trustpilot and has earned an Average Trust Level with a 3.4-star rating via numerous apparently ordered or faked reviews. Most recently, however, one reviewer pointed out that AroxCapital is a scam.

VertexTech Ltd is a well-known scam-facilitating payment processor. We also exposed it in the Capital of Focus scam (read this report). The Hungarian Ljudmila Mohacsek is the registered director and beneficial owner of this high-risk payment processor (Companies House).

Do not fall for these fraudulent marketing campaigns and scam brokers. Instead, safeguard your money and save yourself from losses and frustration. If you have any information about AroxCapital or other scams, please share it with us.