ITP Corp securities fraud warning from UK
Two weeks after the Ponzi scheme collapsed, the UK has finally issued an ITP Corp securities fraud warning.
As per the FCA’s December 5th warning, ITP Corp
may be providing or promoting financial services or products without our permission. You should avoid dealing with this firm and beware of scams.
This firm is not authorised by us and may be targeting people in the UK.
The FCA cites “newitp.club” as ITP Corp’s website. ITP Corp’s recovery scam launched through “itplb.com”. The FCA’s cited .CLUB domain appears to be yet another layer to the ITP Corp Ponzi scheme.
Due to the website domain merry-go-round, it’s difficult to peg how many ITP Corp victims there are. What we do know though is the majority of them are from the UK.
Being a Chinese “click a button” app Ponzi, beyond the FCA’s warning it’s unlikely UK authorities will take further action against ITP Corp.
Despite withdrawals being disabled on or around November 20th, as of December 2nd ITP Corp is still running new investment promos.
Total ITP Corp victim losses remain unknown.
Appalling from UK authorities. They knew well before it crashed but they are just not proactive enough. The could have saved 1000’s of victims.
Does anyone close to where the ground zero (and I’m assuming there is more than one) of this hit in the UK know if the promoters have stuck around?
I’m in Leicester and have heard nothing at all.
What happens to the UK promoters of ITP, surely the tax man and benefits agencies would be investigating them?
Fraud Supervisor, Economic Crime Unit, Leicester Police, (Ozedit: email removed) – (publicly available information) – is Very good 🙂 🙂 Responded to my email Just 11 minutes after sending 🙂
I lost more than 7000 dollar in this ITP fake process. It destroyed my life.
Unfortunately, for all the victims who fell for this “scheme ” I did too !! however, I knew the risks before I signed up.
i did my homework work and knew it was a ponzi.
Are you expecting a pat on the back?
Identifying a Ponzi scheme and signing up to lose money anyway makes you a special type of moron.
@Jack
People like you are part of the problem. Had you had taken any money out above what you put in would have been criminal gains. You sound like you would have been proud of it.
A fool and his money are soon parted
You’re just a special kind of moron then – the thieving kind.
Emailed the police few weeks ago regarding ITP and its criminal activities. I’ve just received a reply from it.
I don’t want to be that guy but having covered the pointless CashFX Group UK investigation earlier today, I don’t think anything is going to come of ITP Corp either.
Obviously they can’t go after Chinese scammers hiding abroad, but UK authorities have time and time again shown they aren’t interested in going after local promoters.
When the FCA has already declared it as a scam, can the banks help at all?
Good luck getting a bank to cover your crypto Ponzi losses.