New Wiseling warnings from Finnish authorities
In the wake of Wiseling’s collapse Finnish authorities have issued two fresh regulatory warnings.
On February 22nd the Financial Supervisory Authority advised it had
received an exceptional number of enquiries concerning the activities of Wiseling Oy (Business ID: Y-3138760-7).
Most of these enquiries have focused on the services provided by the company, the reliability of activities, and authorisation.
The FIN-FSA considers that the company is illegally providing investment services in financial instruments without an authorisation issued by the FIN-FSA.
Why Wiseling’s Finnish shell company incorporation is allowed to stand in light of the FSA’s findings is unclear.
The FSA’s first securities fraud warning against Wiseling was last November.
In their latest warning, the FSA confirms what we already suspected;
(Wiseling) has no activities at the address recorded in the registers in Finland.
Officially Wiseling is headed up by an actor of unknown origin playing Mattias Lappo. We suspect Wiseling is in fact run by the usual Russian/Ukrainian suspects.
Due to Wiseling’s popularity in South Korea, south-east Asian scammers might also be in play.
The FSA “urges” Wiseling victims who “incurred financial losses … to refer the matter to the local police.”
As per shared correspondence, Wiseling victims who have reached out to the Helsinki Police Department have been advised;
Mr. Matias Lappo and Mr. Elias Mattila are not existing persons.
The perpetrators have used counterfeit identity documents when establishing Wiseling Oy.
The address Itakatu is the address of a company, which offers offices, work and meeting spaces for lease.
The Helsinki Police has informed EUROPOL and shared all the information gathered.
Responding to Matias Lappo’s recent claim that Wiseling had signed a contract with the Bank of Finland, the bank issued the following statement on February 22nd;
The Bank of Finland has received a number of enquiries concerning the company Wiseling Oy and whether the Bank of Finland has a contract with Wiseling Oy concerning credit cards.
The Bank of Finland has no contract with Wiseling Oy.
The Bank of Finland also does not issue any payment or credit cards such as VISA or Mastercard.
Whether anything comes of the above investigations is yet to be seen.
In the meantime Wiseling ringleaders are busy deleting evidence of their scamming.
Prominent Wiseling scammer Michael Lucas is based out of Illinois in the US.
Lucas (right) heads up “Wiseling Dream Team”, which on social media consists of just shy of a thousand investors.
In an update to his victims published a few hours ago, Lucas describes Wiseling as “one of the most elaborate programs to date seen by most”.
Given Lucas’ involvement in MLM Ponzi schemes dating back to USI-Tech, and Wiseling being a cookie-cutter Boris CEO Ponzi, this seems like a pretty disingenuous statement to make.
Lucas goes on to acknowledge statements made by the Bank of Finland, and finishes by advising his victims;
Best of luck to all. THIS GROUP WILL BE DELTED [sic] IN 72 hours as it no longer can be of assistance.
Neither Wiseling or Michael Lucas are registered to offer securities in the US.
I was lured into investing into wiseling by a friend who lives in Canada. After the collapse, I asked him what next and he showed little concern.
It is embarrassing that after all this while, this ponzi scheme was known and very little was done to stop them.
The cyberspace cannot be secured when cyber security task forces all over the world cannot work in synergie to curb financial fraud and other crimes committed using the internet.
Many people will have heart attack or suffer various malaise after losing thousands of dollars to this ponzi scheme.
I know of a lady in Canada with whom I shared the same whatsapp group, she is devastated by the loss of over $6.000.
Please, let the FBI and other cyber forensic experts help fish these hoodlums.
Besides, if the cyberspace is unniversal, why should the developed world not put in all it takes to secure the cyberspace from such activities?
It’s notoriously difficult to protect people from themselves.
No amount of policing will help if you let the criminals in the frontdoor every time.
These low lifes must be part of a ring. Its strong in Telegram and FB. Harder to trace on Telegram but theyll get caught and hopefully sweet justice will get them.
Bit more than you can chew a holes!
Lost a ton of money.
I have chats and more leads and names of these companies if anyone needs them. Time to hunt down the hunters.
@Alex, I don’t mean to sound cruel, but where is the responsibility of the people to do actual real due diligence before they join any program or invest their money?
You also don’t know how law enforcement works. For law enforcement to take action there have to be victims that file complaints with them. In Ponzi’s/illegal pyramid schemes, etc., victims won’t file a complaint.
They don’t because they are: too embarrassed, won’t admit that they have been conned, they are afraid their family or friends will find out what they did, or their ego/pride won’t let them file a complaint.
Law enforcement is reactive not proactive. They simply don’t have the resources to devote 100% of their time to these types of cyber-crime.
Right now there are probably 12,000-15,000 illegal programs being promoted on the Internet. The vast majority will collapse before they ever gain any kind of traction.
It takes time to do an investigation. By the time the vast majority of the investigations could be done, the Ponzi has collapsed and the perps are nowhere to be found.
What you also need to know is that all these people who are devastated at their loss in this Ponzi, will also be a victim in the next Ponzi they are pitched.
Why? Because they believe this one will be different, and they don’t do any real due diligence. In short they will have learned nothing from this experience.
Think about this: The initial people who joined were taking investment advice from people who are total strangers, didn’t do anything to verify what they were saying is true, and then recruited their friends and family into the con believing they had found the goose that laid the golden egg.
Heck, you couldn’t even prove the people who were claiming to be the founders/admins were really who they said they were. Yet you gave them willingly thousands of dollars. And you expect law enforcement to protect you from them? Seriously? The same point AntiMLM made.
The bottom line is that you, and you alone, are responsible for your actions, and in this case in-action since not one of you did any real due diligence. You tossed all common sense out the window and bought a lie willingly.
So you Mean that this company was up for a year or 2 and nobody did anything knowing that it was a scam?
Wiseling surfaced in mid to late 2020. I initially didn’t publish a review because of confusion relating to their compensation plan (it was presented as non-MLM on their website).
A review was published in late Jan. A few weeks later Wiseling collapsed.
Review or no review, Wiseling was an obvious MLM crypto Ponzi. People gonna people.
@Lynndel R Edgington #4
Excellent statement. Congratulations!
Thank you for your kind comment. It is greatly appreciated. Been exposing Ponzi’s for more than 15 years, and have worked with law enforcement agencies worldwide helping shut these illegal programs down and bringing the leaders to justice.
We have assisted many in how not to be a victim through a nonprofit that I founded, and if a victim what action they need to take to minimize their losses.
Because of the vast number of new people entering the Internet each day, many have no clue what is real and what is fake in the investment arena.
This is why this forum is so vital to newbies so they can be educated and not be a victim. It is also why doing real due diligence is so important.
If people did real due diligence, they would not join and lose their money. It is paying is not due diligence.
Where can I apply for this type of job?
Personally i’ve been doing the same for going on 2 years,unpaid and underappreciated and it certainly eats into family,relaxation,personal and sleeptime haha
@AntiMLM
My goodness! I can’t imagine this marvelous work you do is underappreciated and for gratis. I will like to report and give all the details so the culprits can be arrested.
I am willing to do this not because I want my money back but because I want cyberspace secured for any form of transaction.
The problem is that we in the third world do not have any form of cybersecurity forensic experts to fight cyber crimes.
Please, I would be grateful if you can provide us with any guide to help us report cybercrimes.
Please, help me know if (Ozedit: search bar is on the top right of every page) is legit or a ponzi scheme.
I have many friends who have invested thousands of dollars there.
I take this opportunity to sincerely appreciate all that you do raise awareness so that we should not be the weaker chain in the fight against cyber crimes.
@Alex, In regard to your wanting to assist in shutting down these illegal programs and how to do it, first let me give you a warning.
As AntiMLM said not only are you underappreciated and the time it takes, you will also be called every name in the book, “hater” will be the mildest compliment they will give you.
Understand, you are killing the goose that laid the golden egg in the eyes of the people who have bought the lies of the perps and major promoters of these illegal programs. You will also receive threats of violence against you and in some cases death threats.
The people who run and promote these illegal programs will do everything in their power to discredit you and try to destroy your reputation.
Because I am married and a Christian, someone claiming to be me signed me up for an adult sex dating site, and subscribing me with 250 porno websites of every sexual depravity known to man to try to discredit me and ruin my reputation.
Ironically if someone had not bragged about it, I would not have known so quickly about it. This allowed me to get the dating site registration shut down and spending hours deleting my subscriptions.
In short, if you don’t have thick skin, can’t be intimidated, you won’t last six months doing this.
Now that you know what they can and will do to try to discredit you, and more, are you sure you really want to do this?
It is a thankless job, it is time consuming (my shortest work day was 16 hours and too many were 18-20 hour days), and there is no money in it to do it.
I am not trying to scare you away, just want you to know what you will be facing so you can determine if it is worth it for you.
I am humbled. It takes a heart that Christ has made His dwelling place to do what you do.
For your motivation does not come from the praise of men, but from the crown of glory awaiting you. Courage brethren and more greese to your elbow.
I wish I could have your whatsapp number so we can share off this medium.
Thank you for your kind words. It really means a lot.
But after 15 years it was time to shut our nonprofit down. Moving on to another venture in the coming months that will expand on what Eagle was able to do and this time it will be a for-profit organization.
I am not on whatsapp, but I can be found on Skype. You can also reach me on RealScam. If Oz doesn’t mind, he has my permission to give you my email address.
I’m devastated I lost 0.156BTC and 5.96ETH this is terrible!
I lost my alot with Wiseling Matias Lappo’s An Matilla Movie.