Recently, we have issued warnings against the broker scams FX-Capitalize (www.fxcapitalize.com) and FXQuote247 (www.fxquote247.com). Lacari Group Ltd, registered in St. Vincent & the Grenadines, allegedly operates these scams. This offshore entity also operated the vanished scam proFXCredit (www.profxcredit.com). The UK Financial Conduct Authority (FCA) issued an investor warning against the FXQuote247 scam and states the address of a Bulgarian boiler room.
Lacari Group and its scams work with the typical pattern of most scams. The scams’ official operator is an offshore entity registered in St. Vincent & the Grenadines, Marshall Islands, Belize, British Virgin Islands, or Vanuatu. However, these offshore entities behind the scam sites change frequently to cover the tracks. The Lacari Group scammers, for example, are associated with the ProQuote27 a/k/a 27ProQuote and the BeforexCapital scam, operated by Empire Capital LLC and The Capital Holding LLC. All of them are registered in St. Vincent and the Grenadines. When registering with FX-Capitalize, you receive an email from a proFXCredit address, for example.
The three entities, Lacari Group Ltd, Empire Capital LLC, and The Capital Holding LLC, have the same address: Suite 305, Griffith Corporate Centre, Beachmont, P.O. Box 1510, Kingstown, Saint Vincent & The Grenadines. It’s the well-known address of the notorious company builder Wilfred Services Ltd. The scammers’ preferred choice for setting up companies in SVG.
The real operators of the scams are the boiler rooms and their agents. In the case of Lacari Group, these boiler rooms are located in Eastern Europe and the Balkans.
Share information
We know very well that we have not even begun to discover all the scams and companies that are behind Lacari Group et al with these scammers. In this respect, we are grateful for all information.
