The German Uwe LENHOFF has been arrested a few weeks ago by European police. According to the information available to FinTelegram, the founder and main shareholder of the public-listed VELTYCO GROUP is still detained. He is accused of financial crime, fraud, and money laundering. Nevertheless, the illegal broker schemes of the cybercrime organization orchestrated by Lenhoff are still online continuing to defraud investors. Hence, the Austrian Financial Market Authority FMA issued another investor warning against Celestial Trading and Tradeinvest90.
New Veltyco Same Financial Crime
The public-listed VELTYCO GROUP was founded by Uwe LENHOFF in 2016 and positioned as a sort of huge money laundering machine. Consequently, VELTYCO engaged with the illegal broker schemes operated by its founder Uwe LENHOFF. Evidently, those LENHOFF companies failed to pay their bills to VELTYCO leaving the company in a financial mess. According to a VELTYCO press release dated Jan 30, 2019, the two LENHOFF companies ALTAIR ENTERTAINMENT and CELESTIAL TRADING owe some EUR 9.3 million to VELTYCO.
Based on the publicly available information from VELTYCO, the company and its people provided marketing services to the illegal broker brands operated by LENHOFF’s network of companies. That said, VELTYCO has to be qualified as a co-conspirator in the organized crime network that defrauded thousands of investors by the tens of millions.
A quick check showed that all illegal broker schemes around VELTYCO, Uwe LENHOFF and their network of companies are still online:
- Option888: www.option888.com
- TradoVest: www.tradovest.com
- Tradeinvest90: www.tradeinvest90.com
- Xmarkets: www.xmarkets.com
From the information available to FinTelegram, there is not a single broker scheme (brand) in this VELTYCO network which has not received warnings by financial markets supervisory authorities.
The Latest Warning
The Austrian Financial Market Authority FMA issued another warning against the illegal broker platform Tradeinvest90 and its operator CELESTIAL TRADING on Feb 13, 2018. According to the information available to FinTelegram, Tradeinvest90 has been operated by LENHOFF’s Serbian boiler rooms. Those boiler rooms typically call the clients of the respective broker brands (e.g. Tradeinvest90, TradoVest, Option888, or
Report VELTYCO Brands And Incidents
Illegally operating broker schemes and their boiler rooms are part of fast-growing global cybercrime activities. Millions of investors are defrauded by those broker sites losing billions of euros every year. Hence, it is important to warn investors of such illicit sites. If you are a victim of an illegally operating broker site such as Tradeinvest90, Option888,
