Intelligence Prime Capital Review: Boris CEO Ponzi scheme
Intelligence Prime Capital provides no information on its website about who owns or runs the company.
Intelligence Prime Capital also goes by the company names IPC Trade and IPCapital.
Intelligence Prime Capital’s website domain (“iprimecapital.com”), was registered with bogus details on June 8th, 2021.
Shortly after launch, a video titled “Meet the CMO of IPCapital” was uploaded to Intelligence Prime Capital’s official YouTube channel.
The video features a “Dr. Val Ng Sh”, who claims to be Intelligence Prime Capital’s Chief Marketing Officer:
Outside of Intelligence Prime Capital’s marketing videos, Val Ng exists only in a LinkedIn profile for Val Ng See Huat.
Purportedly Ng is based out of Singapore, but the LinkedIn profile could have been created as Intelligence Prime Capital marketing.
Ng’s Intelligence Prime Capital videos are your typical Boris CEO setting. Rented office space, desk props and company mugs and flags.
Oh and for some reason Ng is dressed in a bow tie dinner suit. Hardly convincing.
Intelligence Prime Capital’s other named executive is featured in the company’s official marketing presentation:
Despite a claimed “more than 25 years of experience in international financing, system development, public-private partnerships and policy dialogue”, Stefan doesn’t exist outside of IPCapital marketing.
The reason for this is because, like Val Ng, Walter Stefan is played by an actor.
If I can direct your attention to this paragraph in Stefan’s made-up Intelligence Prime Capital corporate bio:
He used to serve as the Vice President of the European Central Bank (ECB) and was in charge of policy and partnerships.
There is a Stefan Walter who works/worked at the ECB. Here’s what he looks like:
Like I said, Intelligence Prime Capital’s Walter Stefan is an actor.
I believe the name order bungle can be attributed to the common practice in Asia of reversing a name when westernized.
Of further note is Intelligence Prime Capital’s official PDF files were created back at launch by “Vincent Yau”.
I wasn’t able to find any additional information on this individual in connection to Intelligence Prime Capital.
Despite not existing until a few months ago, on its website Intelligence Prime Capital claims its been “leading the way in online trading for 15 years”.
At time of publication, Alexa ranks top sources of traffic to Intelligence Prime Capital’s website as Nigeria (21%), the US (21%) and Mexico (17%).
Update 27th December 2021 – The Central Bank of Russia has issued an Intelligence Prime Capital securities fraud warning. /end update
Update 31st January 2022 – Intelligence Prime Capital represents it has registered with financial regulators in multiple jurisdictions.
BehindMLM has analyzed these claims and debunked them as bogus. /end update
As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money.
IPCapital has no retailable products or services.
Affiliates are only able to market IPCapital affiliate membership itself.
IPCapital’s Compensation Plan
Intelligence Prime Capital affiliates invest $100 or more into an “AIA Bot”.
Access to the bot is provided via a monthly subscription:
- Smart Bot – pay $19.90 a month and earn up to 15% a month
- Brilliant Bot – pay $39.90 a month and earn up to 30% a month
- Genius Bot – pay $99.90 a month and earn up to 45% a month
Note that while the above amounts are USD, Intelligence Prime Capital only accepts bitcoin or tether.
Intelligence Prime Capital charges a 20% fee on any generated returns.
Note that Intelligence Prime Capital only permits affiliates to withdraw on weekends.
The MLM side of Intelligence Prime Capital pays on recruitment of affiliate investors.
IPCapital Affiliate Ranks
There are seven affiliate ranks within Intelligence Prime Capital’s compensation plan.
Along with their respective qualification criteria, they are as follows:
- Leader – invest $100 and generate $500 in personally recruited investment volume
- Supervisor – invest $500, generate $1000 in personally recruited investment volume and $3000 in total downline volume
- Senior Manager – invest $1000, generate $3000 in personally recruited investment volume and $10,000 in total downline volume
- Department Manager – invest $3000, generate $5000 in personally recruited investment volume and $30,000 in total downline volume
- Regional Manager – invest $5000, generate $10,000 in personally recruited investment volume and $100,000 in total downline volume
- Managing Director – invest $10,000, generate $30,000 in personally recruited investment volume and $300,000 in total downline volume
- Shareholder Director – invest $20,000, generate $100,000 in personally recruited investment volume and $1,000,000 in total downline volume
Personally recruited investment volume are funds invested by personally recruited affiliates.
Total downline volume are funds invested by your entire downline (directly and indirectly recruited affiliates).
Intelligence Prime Capital affiliates earn 10% of subscription fees paid and funds invested by personally recruited affiliates.
Intelligence Prime Capital pays residual commissions via a unilevel compensation structure.
A unilevel compensation structure places an affiliate at the top of a unilevel team, with every personally recruited affiliate placed directly under them (level 1):
If any level 1 affiliates recruit new affiliates, they are placed on level 2 of the original affiliate’s unilevel team.
If any level 2 affiliates recruit new affiliates, they are placed on level 3 and so on and so forth down a theoretical infinite number of levels.
Intelligence Prime Capital caps payable unilevel team levels at twenty.
Residual commissions are paid as a percentage of daily returns paid based on rank:
- Leaders earn 30% on level 1 (personally recruited affiliates)
- Supervisors earn 30% on level 1 and 20% on level 2
- Senior Managers earn 30% on level 1, 20% on level 2 and 10% on level 3
- Department Managers earn 30% on level 1, 20% on level 2, 10% on level 3 and 5% on levels 4 to 6
- Regional Managers earn 30% on level 1, 20% on level 2, 10% on level 3, 5% on levels 4 to 6 and 3% on levels 7 to 9
- Managing Directors earn 30% on level 1, 20% on level 2, 10% on level 3, 5% on levels 4 to 6, 3% on levels 7 to 9 and 2% on levels 10 to 14
- Shareholder Directors earn 30% on level 1, 20% on level 2, 10% on level 3, 5% on levels 4 to 6, 3% on levels 7 to 9, 2% on levels 10 to 14 and 1% on levels 15 to 20
IPCapital affiliate membership is tied to a monthly subscription:
- Smart Bot – $19.90
- Brilliant Bot – $39.90
- Genius Bot – $99.90
The more an affiliate pays in monthly fees the higher their income potential.
Intelligence Prime Capital represents it generates external revenue via forex trading.
Following years of dedicated research, the IPCapital team has developed our proprietary AI analysis system with the best available technology in the market.
Our IPC AIA BOT system have a average winning rate of 97%, allows customization of trading systems to make it suitable for any type of traders, and will completely change the way you trade.
Remembering Intelligence Prime Capital only came into existence a few months ago, the math behind these claims also doesn’t add up.
Intelligence Prime Capital offers returns of up to 45% a month. If that was remotely possible, surely after “years of dedicated research” they wouldn’t be selling access for just $99.90?
Why sell access at all? Run the bot quietly yourself and retire with Jeff Bezos money in a year.
As it stands there is no verifiable evidence Intelligence Prime Capital generates external revenue at all.
Affiliates are given the usual marketing “proof of trades” data in their backoffice. This is not a substitute for legally required audited financial reports.
This leads us to Intelligence Prime Capital committing securities fraud.
By offering a passive investment opportunity, Intelligence Prime Capital’s MLM opportunity constitutes a securities offering.
Neither Intelligence Prime Capital, it’s executives (actors or otherwise), or promoters are registered with financial regulators.
Securities fraud is illegal the world over.
In an attempt to appear legitimate, Intelligence Prime Capital provides a FINCEN registration number in its marketing material.
This registration does correspond to Intelligence Prime Capital LTD, a Colorado shell company (click to enlarge):
For the purpose of due-diligence, this is not a substitute for registration with financial regulators and audited financial reports.
Like Intelligence Prime Capital’s bogus domain registration details…
…Intelligence Prime Capital LTD will have also been set up with bogus details. FINCEN registration is a much lower bar to clear than SEC registration and having to file financial reports.
More importantly, FINCEN registration is meaningless with respect to securities regulation compliance.
Why am I ramming home this point? Because an MLM company committing securities fraud is guaranteed to be a Ponzi scheme.
As with all MLM Ponzi schemes, once affiliate recruitment dries up so too will new investment.
This will starve Intelligence Prime Capital of ROI revenue, eventually prompting a collapse.
The math behind Ponzi schemes guarantees that when they collapse, the majority of participants lose money.
Love the name of their bots, best laugh I’ve had today…
They forgot to list their ‘piece of shit bot’, ah no, they have, they all are.
Not to mention:
1) the address on the website “INTELLIGENCE PRIME CAPITAL LTD.
1 YONGE STREET, SUITE 1304 TORONTO ON M5E 1W7 ” points to Canada and pulls up this page on Google: opengovca.com/corporation/13071961
15 years huh?
2) They link to a MyFXbook page to “prove” their trading, but all the important details are privatised.
When you look up how to fake a MyFXbook page, you will find it ticks all the boxes: forexpeacearmy.com/forex-books/205/fake-myfxbook-accounts-scam
3) At the bottom of the website, it says “Intelligence Prime Capital is registered in Australia, with authoritative ASIC supervision, supervision number: 001294622 “, but you don’t find that number on connectonline.asic.gov.au/
What you do find, is this page: asic.gov.au/regulatory-resources/markets/market-supervision/ where you can contact the Asic “if you have any queries relating to market integrity, behaviour and supervision”. Might be a thread to follow Oz?
ASIC is as meaningful as Companies House in the UK. Utterly useless regulator that does nothing and willingly accepts Mickey Mouse information.
Re. MyFXBook, Malaysian scammers love trotting this out to defend their forex scams. I just disregard anything that isn’t an audited financial report when doing due-diligence.
Yeah, especially when they’re waving it in your face, then you know it’s faked lol
100% fake, don’t invest money in this shit.
This review is incomplete, because for some reason the recent registration in the ASIC: wikifx.com/es/dealer/2969327047.html has been ignored, and it is not just any registration, because brokers such as ICMarkets (not Micky Mouse) are registered there.
Because as discussed above it’s meaningless. ASIC registration is a joke.
And there are of course no filed audited financial reports in any case. And Intelligence Prime Capital isn’t based out of Australia anyway.
Hiding behind ASIC registration is a scam cliche.
Do you have any examples of scams registered in the ASIC?
It would be interesting if you sustain your position, because what I can see is that reliable brokers (Ozedit: derails removed)
Beurax – https://behindmlm.com/companies/beurax-emphasizes-why-asic-registration-is-meaningless/
EXnGlory – https://behindmlm.com/mlm-reviews/exnglory-review-daily-returns-asic-investment-fraud/
Cloud Token – https://behindmlm.com/companies/cloud-token-to-continue-securities-fraud-with-asics-help/
You can run a search for “ASIC” on the search bar yourself.
As for “reliable brokers”, legitimacy via association isn’t a thing. ASIC registration is meaningless and Intelligence Prime Capital is a Ponzi scheme.
Have u tried to copy the IPCapital trade via forex trade copier on PC and found out it automatically copied the trade correctly.
do ur research well before drag someone wrongly.
If the bot was profitable long-term the scammers behind Intelligence Prime Capital would quietly run it themselves.
Also if the bot was legit Intelligence Prime Capital wouldn’t be hiding behind actors and committing securities fraud.
Whether some short-term copy-trade bullshit works or not isn’t research.
@OZ , can u explain how a successful profitable independent copy trade be a bullshit , something that makes money for you independently copying the trade from the bot company, even without subscribing to their server but from another broker.
Because Intelligence Prime Capital is a Ponzi scheme run by Boris CEO actors.
Thank you for warning me. This project has no office, they want to get our money and cheat us. Russian scammers are behind it.
This company says they are in Canada in an address they provided. If there is someone in canada, let them confirm that for us to see.
Cos their opportunity is really changing lives here in my country.
More scams than not 🙁
Intelligence Prime Capital doesn’t claim to be “in Canada”, they simply offer up a meaningless shell company incorporation.
The Canadian address used to incorporate the shell company belongs to a virtual office provider.
Ponzi schemes certainly change the lives of participants.
Early scammers steal money, making their lives better. This comes at the expense of the majority of investors, whose lives become financially worse.
they don’t have an office in Canada. Do you believe in fairy tales?
They want to cheat you, as soon as they run out of money for payments, the project will die. It will happen very soon.
Behindmlm at it again. You have a long history of misleading and misinforming people with falsehood and personal sentiments.
First of all, you claimed Russia issued warning about IPC without providing any single evidence to bac your claims.
Secondly is never true these people allow withdrawals only on weekends.
Thirdly I have personally sent my agent to verify their office at the provided address and I challenge you to do same. Thirdly, why are you silent on the fintrac registration?
Salty scammer alert. May your losses be plentiful.
The Bank of Russia is Russia’s SEC equivalent. You ignoring the evidence doesn’t mean it’s not there.
That was from Intelligence Prime Capital’s own marketing. If they’ve changed in response to this review, that’s great but it doesn’t change the facts at time of publication.
Because it’s meaningless (FinCen equivalent in Canada). Fintrac is not a substitute for registration with Canada’s securities regulators.
No audited financial reports? GTFO.
What provided address? There is no address provided on Intelligence Prime Capital’s website or marketing material.
You’re full of shit son, sit down.
Everyone who says that a Ponzi is a Ponzi is bad, according to the Ponzi schemes themselves.
Maybe some examples, when Oz was proved wrong by a court?
There’s literally a link to the warning in the separate article, linked here. If you can’t read Russian, auto translations to the rescue.
Except it was when the review was published. If there were any changes, you can send an updated comp plan to Oz via contact form.
Except that you don’t have an agent.
Whooo salty clown in the house. Long history of what now?
Thanks for the info, this is really bullshit.
Why the hierarchial reward/payment system?
It only points to Ponzi.
Because no new investors in an MLM Ponzi scheme = sorry for your loss.
Well, don’t know why, but Intelligence Prime Capital website has been inactive for several hours today, with “Service Unavailable” due to being serviced???
Looking a bit wonky. SSL cert is disabled and 503 = server problem.
Could be getting hammered but doesn’t explain the SSL cert problem.
Well OZ, IPC may be trying to keep some of its info in the down-low, and this drives me bonkers, BUT I just found out IPC is almost regulated with Australia’s ASIC, so lets wait and see. Do you have something on that??
See comment #3.
Mate if ASIC does anything then me and Ruja Ignatova are spending Valentine’s Day together.
Be less desperate. Same tired scam excuses time after time.
Hope you & Miss RI Valentine’s Day together If IPC…, would be a good thing! LOL
From the writes up , the writer claimed intelligence Prime Capital is a shell company based in the USA, but I couldn’t find any more info about the shell company, where is their web or other information, how come they registered the same time, ur claims doesn’t add up @oz.
again it might be in an error while filling up their details in registering the web cos they can as well buy server and from any where and still fill up to match any details…
INTELLIGENCE PRIME CAPITAL HAS
ROBOT TRADING SUCCESSFUL COPY-TRADING…
WORKING ON IPCLOUD….
THEY ARE WORKING ON A CRYPTO ROBOT WHICH IS UNDER TEST NOW , AND WILL BE MADE PUBLIC SSOON
IF ALL THIS ARE MEANINGLESS
WHAT IS THEN MEANINGFUL???. @OZ
It’s a shell company. You’re not going to find any more info because whatever info was used to incorporate the shell company is bullshit.
Not committing securities fraud and running a Ponzi scheme.
I wonder… what does it mean “almost regulated”?
Since ASIC is effectively “companies house” level of verification for non-local entities
$50 “almost” (give or take).
Damn you are easy to convince, or desperate.
Do not get involved in any way!!
Company iprimecapital.com this is a fraudster posing as a successful and respectable office that is transparent in its actions and reliable in terms of earnings.
You can not trust this organization in any case!!!
Another scam from brazen scammers will lead you to an empty pocket.
All transactions are fake, they lure out very large sums of money, they do not return anything.
Such and similar sites cannot be trusted, scammers can change the address of the site, but the essence of the deception will remain.
It just doesn’t make sense to put your money there, it will be pseudo-investments, money to waste.
When exactly did this IPC begin trading operations, when was the company registered and when was the domain name bought and for how long before the Hosting plan expires.
All the answers will point to the obvious.
Thanks for the info guys.
No arguments intended… Just curious and really searching….
1. Here’s a clickable link I copied directly from myfxbook.com now
Kindly confirm if it’s real or fake and let me know the basis for your conclusion pls.
2. IPC Bot purchases are once off… No monthly subscription fees. You got that wrong.
3. I checked the address on Google, I confirmed it’s a shared space… Other companies run there too. Been trying to get a friend in Canada to look it up for me. She said it’s downtown and could hardly find time to go…
4. I share your concern on the real identity of the founders, and I also saw the Russian Government warning… I’ll keep digging.
I have not joined this but know some folks that did and they’re getting winning trades in their MT4 accounts 5 days a week.
How is this possible if they’re supposedly not trading on the live market?
It’s real in that it exists. Beyond that’s it’s meaningless.
Someone set up an account and called it Intelligence Prime Capital. It’s not a substitute for registering with financial regulators and providing audited financial reports.
Because bot scams work until they don’t.
I missed the comment on monthly subscriptions. I originally saw marketing blabbing on about a one-time fee, which I thought was strange given the returns on offer.
Further research led to me to confirm it was a monthly fee. Intelligence Prime Capital don’t specify either way on their website.
Hate to burst your bubble nut a Fake MT server costs like 2k,and you can rig everything in it the way you like:
Short of it:
If the provider isn’t audited and regulated, you have no idea and no protection. Just don’t do it.
I have 166$ running on genius bot right now. But i saw that my MM Order # is exactly the same as a partner.
So are they copying the yrades and just ajusting the amount by %? I mean maybe the trade is real, but they are cheating us giving us the same order? Could it be?
In other hand im in USA, do u know if theUSA Citizens are protected by FDIC, just in case they disappear?
Not your bot, not your trades. You can’t verify what Intelligence Prime Capital says they’re doing without audited financial reports.
FDIC is an insurance regulator. They aren’t doing anything in response to Intelligence Prime Capital inevitably collapsing.
I just want to teel ypu guys. Clearly us a ponzi scheme, normally the first investor win money, but JUST if you nos re-invest the profits.
If u already get something dont put it again in.
Be careful, all of us are free to do and take dec. But dont be a dumb, just risk money that u can risk… no loans, no rent money… try to be smart hehe.
Yeah or just y’know, don’t chase imaginary profits in Ponzi scams.
You can’t beat math. Even less so if you join now that scammers have on boarded victims from recently collapsed scams.
Ever feel like they’re not paying attention, Oz? I mean, you’ve been saying this for awhile, now.
Smart is not turning over money to crooks, hoping they can steal enough from others for you to turn a profit.
Good thing I couldn’t care less about their individual finances!
I have $500 presently running in IPC. The Genius Bot is astonishingly genius. The smile better be long lasting.
I saw a YouTube video presentation/introduction and the presenter said “the forex market has about 800 million dollars a day turnover”.
So I called the attention of the person who is trying to recruit me to tell them to edit the video and change that statement cause people I am gonna market to will not trust a company that has no idea that the market of forex is above 6 trillion dollars a day. ♀️
Listen for yourselves: youtu.be/inzgcbpsHnU
When you say that IPC is copying another partner. May we know the name of that partner?
I will be speaking from my experience. It only took me about 2.5 months to make my initial investment back. Deposited 10k and grew it to 21.5k. I’m now in a risk free position and everything else is now profit.
My withdrawal worked smoothly and it was done on a Saturday. Even if this company is considered a Ponzi or a Scam, I still took advantage of their system and risked only what I could afford to lose.
Now I’m not saying that this company is perfect, because I still am a bit skeptical at times. But for the most part I actually do agree with most of things your saying.
Do you want praise for being a Ponzi scammer? Here’s a scumbag cookie I guess.
No you fucked over people in a scam. Own your thievery.
Wow,you are an incredibly selfish asshole along with being an imbecile. Profit? By stealing from others? Have you no shame or sense?
Your parents should be ashamed raising such a child.
No need to call me names. I tried being as respectful as i can. I’m not sure how I am a scammer if I only withdrew my forex profits.
They use HFT’s (high frequency trading). Maybe your talking about the business model? Thats the seperate part. Because I don’t believe in inviting people just for referral bonuses.
That’s just not what I do there. Maybe thats what you guys have confused. Banks and firms use HFT’s all the time.
I also have 2 other brokers that offer high frequency AI’s with no problem. So I’m assuming you guys are talking about the Business model and not the AI performance correct?
Becuz I dont deal with the business model of it. I’m no selfish guy, I even said that I agreed with a lot of things that you said here.
I hope you guys understand what I mean. Thank you and blessings.
I already explained in my previous reply. No need to be disrespectful with the names. I only simply used their Algo bot, not the business model.
The only profits I withdrew was directing from the forex market, in real time. (HFT’s). Thats what I took advantage of.
Lets not get confused between the Robot and the business model. Because I don’t deal with that part. Thank you and blessings.
You seem to think that it is OK for the part you claim is not a Ponzi, only the other part, makes it OK for you or anyone else to participate in.
The program is a Ponzi, ALL OF IT! You are part of a criminal enterprise no matter how you slice it. It’s like saying you are only partially pregnant, not fully pregnant.
Own it, you are part of a Ponzi. All the money you got is stolen money period. Guilty conscious to assuage, because it sure sounds like that is what you are doing.
If you want to make representations about the money Intelligence Prime Capital pay you with, provide evidence of registration with financial regulators and filing of audited financial reports.
People legitimately capable of turning $10,000 to $21,500 in 2.5 months don’t waste their time hiring actors to front bogus companies. They also wouldn’t bother committing securities fraud.
Ponzi scammers do. You’re in a Ponzi scheme and you’ve stolen money from people who invested after you. Whether you personally recruited your victims or not is irrelevant.
Invested $8750 into the genius bot, just pulled out almost $17k yesterday. That’s about a 2x in a month and a week (I got some referral bonuses).
Genius bot works. For how long it works? Who knows, but I definitely just capitalized heavy on this!
Only invest money you can afford to lose!
It works in that a bunch of victims from other collapsed Ponzis were funnelled into Intelligence Prime Capital, providing money for you to steal.
Intelligence Prime Capital will work until withdrawals exceed new investment, same as any other Ponzi.
Did anyone notice that Track Record was not verified in
I am also curious about how the ledger on MT4 is generated.
Hmmm. serious question. If I’m using a different broker (Ozedit: derails removed)
If you want to talk about “different brokers” do it somewhere else, thanks.
I’m glad to have found this site. A relative who never runs out of something to join recently asked me to review a glossy “Prime Capital” brochure.
It is not different from how ponzis present themselves like a legitimate enterprise. I’ve given my initial opinion, and I am still convinced that this is pure ponzi through the back door and several different doors.
I’ve been reading all these comments. These kind of scams are actually changing lives in third world countries… for the worst!
no legit broker offers bot trading…. this one sounds shady but they do have a myfxbook how is it possisble to manipulate the results?
Myfxbook is meaningless. It’s not a substitute for audited financial reports.
It’s legit. The person who is trying to recruit me not only shared the My FX Book link, but also gave me his username and investor password so I can monitor the trades as they happen.
Over night, I witness 3 successful trades that grew the account by 1.42% which is close to 1.5% daily average they advertise.
I also scrolled back in the account history and saw several successful withdrawals that date back to October.
Lastly, the 97% win rate is true. I only saw 2 trades that resulted in losses on a strategy that executes 3 trades per day, which is insane accuracy.
Just thought I’d leave my 2 cents. You guys can do what you ant but the proof is in the results.
Yo, how many times are we going to go over “fxbook is not a substitute for audited financial reports”?!
Intelligence Prime Capital is full of the dumbest fucks I swear…
Bitch, did you miss the part where I said I also saw the live accounts being traded.
The internet is full of the bitches like you who like to talk shit when safe behind a computer screen, I swear…
Bitch, did you miss the part where I said it don’t fucking matter?
There is no substitute for registration with regulators and filed audited financial reports.
Future sorry for your loss dumbasses. Sorry for your loss.
It’s always the same with these people. First they drive by, saying they just want to throw in their “2 cents” as a disinterested observer.
Then the get pissed and start spitting the dummy when we don’t buy their bullshit. Thanks for showing us your true colors, Shaun.
guys, there are no trading bots at brokers, this is complete nonsense, professional scammers want to deceive us.
First of all, the leaders earn, and the last investors will suffer a loss of money. This project is a scam and you shouldn’t invest in this shit.
They state they were founded in 2006. “IP Capital” is their brokerage division with 300,000 traders.
Where is the track record? Where is the paper trail? Why can’t you find information on this forex “broker”? Because this is a scam.
Why would a broker be involved in trading your account for you? Because this way, you send your money directly to them and they control it.
I have had accounts traded for me before (forex, stocks and futures) and with poor results, but in every case, the trader or trading firm was separate from the brokerage account that held my money. The trader never had access to my money and could not make withdrawals, they could only place trades.
By claiming they are a brokerage, you send your money to them and they have complete control over it.
As others have said, the way these Ponzi schemes work is they take the new money and pay the older participants with it….to “prove” it is legitimate.
This attracts more new investors and the cycle continues until it is no longer feasible or until the operators take off with a large slice of the invested funds.
A lot of naive people are going to get hurt while these scam artists will disappear before the authorities understand what is going on.
Yes, see my comment #2.
First of all, thanks for the run down, it helps with my skeptic mind and rational perspective. How would you explain the coherence between their myfxbook history and their mt4 trading accounts?
I was able to get access to their investor’s password and had the opportunity to confirm the trade history of their mt4 trading account.
By the way, I have read your link re myfxbook.com scams.
This company copied scripts from avatrades brokers. It’s just a matter time till they’ll be no more.
Great article, but I found more interesting things for your investigation. Please, review official IPC site very carefully, and compare it with AVA Trade one.
I’m sharing with you some comparisons…
Other things you may have to double check are:
They don’t get any:
– risk note
– contact phone
– Terms & conditions, legal and privacy pages
– Legal documentation shared
Legits and real regulated brokers has everything I told you above.
Boris CEO Ponzis are typically put together by syndicates.
early/mid 2021 we had a factory in Ukraine pumping them out. Recycled web design templates isn’t surprising.
So this comment is to reply to the guy who said they’re copying trades etc from Ava trades:
I truly believe this will be over in a few months.
I see what you mean about them copying trades but how is it everyone is getting paid from the trades and withdrawing.
I believe this will get shut down because you can’t even copy their trades –
The provider’s broker does not report open trades. Trades are added directly to the history which seems very odd to me. Never heard of that before.
Anyone else find out more things about this situation?
I know I’m in one of the groups that people are promoting it and everyone is reinvesting their profits into their accounts so it’s like damn I feel bad for these people.
Because Intelligence Prime Capital is barely a few months old. First bot trading MLM scam?
he who alleges must prove beyond reasonable doubt.
MLM + securities fraud = Ponzi scheme
QED. Sorry for your loss.
Only in a court of law. New here?
Fallacious bad faith argument- ad ignorantiam (appeal to ignorance).
This poster is trying to use a common religious argument, in that you “can’t disprove a god exists, therefore it exists” to assuade concerns.
Issue is the business is legally mandated to be licensed and it’s records public and verified.In that context the burden of proof is on the business and those that claim it’s legit to provide the mandated information – which we know they won’t since it’s a cheap obvious scam.
Thanks for playing.
in what way do you promounce it scam? At least show us real existing proofs? We see it trading on the trading floor and people earn their profits. What again?
In the way MLM + securities fraud = Ponzi scheme. And all Ponzi schemes are scams.
You can verify Intelligence Prime Capital isn’t registered with a financial regulator in any jurisdiction.
How about you dumb fucks ask Intelligence Prime Capital for audited financial reports instead of coming on here with the same Ponzi excuses?
Social media is not a substitute for registration with financial regulators and filing audited financial reports.
its obvious you are a ponzi (Ozedit: braindead confirmed. Spambinned.)
Did you get dropped on your head repeatedly as a baby?
That would explain the brain damage.
I stand by comment #73. Absolutely nailed it.
I’ll admit I have a small small minimum test account. I too think it could be a scam because I’ve been scammed in every way by everything before.
I agree with what you have wrote. The lynch pin for me would be if someone (like you) could talk to a high level person at a Forex Brokerage and ask if the broker this company has set up exclusively to run their PAMM could easily manipulate the trades that show up in the MT4 account to the point of faking the trades that we see in our MT4 platforms.
I’ve connected my MT4 phone app and desktop app, and can drag historical trades to the 5 minute chart and see the entries and exits on the chart, so it looks real in hind sight, but I don’t know if those trades were faked by the broker.
An expert in the field, not just a trader but knows the internal programming of how brokerages are set up, could look at it and tell us if it’s possible for the broker to fake the trades minutes or seconds after the fact in an elaborate scheme to sucker people into depositing money into a Ponzi scheme where they keep it running from new deposits until they disappear with the money.
The real suspicious part is that the trades always win, but I’d like to know for sure what someone who knows broker programming would say. Thanks.
Whelp,you’re getting conned again congrats,see below
Fake MT4 server setup: youtu.be/Rkq9qb7eSDw
Discussion about various topics including faked data to MyFxBook: youtu.be/rAPIy59yLF4
If the business is not regulated and audited, you have no way to know and no protection.
Someone already backtested it in YT search it and it didn’t work as well as their private server trade on another server.
That means they are making their own price and spread.
To me, the biggest smoking gun is they want their member to fund through crypto wallet lol!
because if they get through a normal bank/payment processor that’s a big IF because I doubt they will even get through normal payment processing KYC and if they use normal bank or payment processing when they rug pull they will traced back hence crypto wallets lol.
Someone post their crypto wallets ledger, please!
Thanks for the links. So it is possible for someone to set up a fake brokerage and to fake the trades on their broker server.
I will stop relying on trades in MT4 as proof of revenue then.
Bingo. Good news!
Thank you for the information.
I would say to take your initial investment out around month 4 and just keep the profits running.
If it’s a scam, they just stole their own money…
If you go into something wondering “if it’s a scam”, it’s a scam.
You’re stealing other people’s money at that point.
Ip capital have no LP. so it is a B book broker. anytime ip capital scam.
Only people profiting from scams are scammers.
Ok well, you guys definitely saved me from getting into some sketchy business. I was almost completely sold on this and was ready to buy into this.
I’m still really new to the forex market stuff but the idea of forex auto trading still interests me. (Ozedit: solicitation removed).
Anyways also wanted to let you guys know this my first time running across this website and y’all seem cool and funny af cheers.
Guys… Believe what you want just know I withdraw every weekend….
Not sure what your point is. Long as there’s people to steal from you’ll be able to withdraw.
Ponzi math 101. No need for beliefs, just fact.
Guys, thank you very much for all this information, how much time does this scam have before it explodes and closes?
I see that this is expanding very fast all over the world and it only started in June of last year. Just curious.
Same as any other Ponzi scheme, for as long as new dumbasses sign up to lose money.
Just because you’re a spineless thief doesn’t mean you’re ahead of anyone or proof of anything
Till it runs out of suckers. There are a finite amount of stupid people fortunately
There are a lot responses on this site that go along the lines of “I am making money even if it is a scam and don’t care”.
That is of course despicable.
Worse is that people seem to look for these things and get in early sometimes knowing what it is. Or then knowingly promote it to make sure they get at least their money back.
You’d think that the obvious answer would be don’t do it.
What does a person who buys in good faith do when realize it is a scam and they got more out at someone else’s expense? The authorities, etc, are all the right answers but there are issues about self-incrimination, etc
I am really worried about people from Colombia (Latin America) IP Capital is capturing money from hundred of people.
How long do you consider this Ponzi will fall?
Until there’s nobody left to scam in countries like Colombia and wherever IPC spreads to.
Yes, Yes, yes.
If they show proof of their myfbook.com, I do not care about anything lese. (Ozedit: derails removed)
Whether you’re a scammer who personally doesn’t care about securities fraud and IPC being a Ponzi scheme is irrelevant.
This isn’t a review of your moral character.
Anyone invest in this u will get scammed soon. Don’t be stupid there is no glory or gold.
U want something u need to work for it the hard way this get rich schemes will fuck u up.
Change your fucking mindset and improve yourself learn invest in yourself instead.
Which is fake. It’s not the first scam to fake data there.
But you need to scam others, so you don’t care. Or you were ordered to leave this comment by your upline.
and as usual the promoters will invest the minimum and feast on their referral commissions.
Aaaaand here come the withdrawal problems.
Can’t withdraw if the 2FA code comes after the system timer runs out. *taps forehead*
Ah yeah, stuff that can be faked is all the proof you need? Whew a shrewd investor you are hey?
Hello friends, thank you very much for all the information provided, I was recently in a meeting and well, the idea of making profits without doing anything, which our Latin culture and many people in the world love, never ceases to amaze.
Check several things including the alleged directors and the CEO who appears by that name is a different person as highlighted in previous comments and everything else only points to a high-risk fraud and scam for those who participate there.
However, I hope not to bother you with this question, but I have found 2 more systems that, given your experience and knowledge, I would like you to evaluate (Ozedit: snip, see below)
General review comments isn’t the place to request reviews.
I’ve had a quick look at the two companies. One wasn’t MLM, the other I’ve added to the review list.
Hey Oz, they added a bunch of new regulations id numbers (obviously fake), maybe its worth taking a look?
heres the link (Ozedit: removed, see below)
Trying to make due diligence before committing to a financial investment brought me here, and I am sure glad about it.
The referral scheme (pyramid) was what raised the red flag for me and then see all the info I stumbled on here!
This. It is was faster than I expected!
Out of curiosity was it reported to you privately or found reports online? I would love to show it to people who tried to get me in the scam.
It started happening over the weekend. They’ll probably juggle it for a bit before things inevitably get worse.
Thanks for that. I started replying to your comment but I’ll put this up in a separate article as there’s a bit to dissect.
Spot on mate, this screams sc*m all through. It’s ridiculous to even consider trying it out LOL (well, have to admit I’ve been cunned into something similar in the past, so I kinda get it).
So, any investment/trading scheme without third-party audited financial reports over at least a quarter (4 months) is a sc*m. End of.
Worth noting that myfxbook and mt4 are so easy to manipulate too. Every other thing has pretty much been explained here.
Great website, keep up OZ and hopefully these sc*mmers get caught.
Hey, my friend, I have tried to do this. I tried to copy IPC trades from a different broker account but was not successful.
I tried with some scripts working VPS (Master and Slave) but is not working. Not only that, but I also tried using a web hosting on (removed) with the IPC main account and a BDSwiss account, but not successful.
I got this response:
Can you please point me on the right direction on how you are being able to copy trades from IPC?
I looked up the address they have on their website.
This address is in Canada. I live in Canada.
The first thing I found is that the postal code isn’t close to the address. There is also a phone number offered up that points to California.
I found the people who lease the space in that building, and asked them if they have a company listed by that name who lease space. They replied there is no company by that name leasing space anywhere in the building.
The original address provided on Intelligence Prime Capital’s domain registration was Ontario, Malaysia.
It was always going to be a fake address.
The real question is whether Malaysia was a slip-up or plant.
An investigation has begun into the fraud of iPRIME CAPITAL!
Attention! THE SCAMMERS ARE LOCATED ON THE TERRITORY OF UKRAINE!
1) Ponzi = Company does not have a product to sell
(Ozedit: snip, see below)
Um no. Ponzi = recycling invested funds to pay withdrawals.
If you can’t even get the basics right, sit down.
How can you try sounding halfway authoritative when you can’t get the basics right?
That’s exactly what it is. There is no product to sell and you’re just using funds from new investors.
I’m surprised you clipped a lot of my message when you preach about scams. Something fishy is going on here.
No, Ponzis can well have products.
Lack of or having a product doesn’t make a ponzi a ponzi or not.
Pretty much every MLM crypto Ponzi has eDuCaTiOn PaCkAgEs or some garbage attached to investment positions.
As AntiMLM pointed out, you can have an MLM Ponzi with or without products. It’s the recycling of invested funds that makes a Ponzi a Ponzi.
If I see a false opening sentence and then paragraphs built on that false statement, it’s easier to clip and address the false statement.
Okay well what happened to my earlier comment? I would like you to comment on the rest of what I said.
Someone who “invests” in IPC sent me this, seems like a ploy to give the impression of legitimacy.
Whatever the trade. He is not visible. And there is no mention of this in India from the company’s side.
And an office video is also not given. Through their ceo. That’s why I think it’s a fraud.
Well, Oz already did exactly that. He commented on that section by saying that the first sentence was false and the rest of your comment was built on that sentence.
Or you want Oz to answer all the snipped points with exactly the same text?
The Internet is full of dumbasses like you, who willingly fall for these Ponzi scams!
I’ve already addressed this. If you want to repost with a corrected opening sentence that’s fine.
Marketing != legitimacy. That award is not a substitute for regulatory registration.
There’s also this:
Translation: We accept money for awards but don’t actually look at or verify any of the companies awarded. We hope none of them are scams. But if they are, that’s not our problem. Enjoy the show!
If anything, a Boris CEO Ponzi scheme with ties to SEA winning some random award in Africa should make one more suspicious.
The people who fall for these online Ponzi scams are largely amateurs with zero experience of investing and zero understanding of stocks, shares, commodities, Futures contracts, EFTs, precious metals, etc. They are looking for easy money and ignore the danger signs.
All Ponzis collapse when new investors cannot be found and the money runs out
Bernie Madoff also managed to con an awful lot of people with his own face-to-face Ponzi scam.
In both the case of online scams and Bernie Madoff’s Ponzi scam, individuals tried to raise concerns and were ignored until it was too late.
The underlined product is the daily fx trade. Which is a bit of $6 trillion world daily market figure.we have traced their daily trade to mt4 platform and the pair traded is verifiable.
The organised confrontation are from the fx brokers who are daily losing out depositors. Risk disclaimer settle the matter.
Cool. So where are the legally required audited financial reports to reverify trading?
You said the trading is verifiable? So provide the legally required audited financial reports or stop regurgitating marketing bullshit.
Or y’know, Intelligence Prime Capital is a Boris CEO Ponzi scheme. No need to create whacky conspiracy theories to sell your scam.
You can’t “risk disclaimer” your way out of fraud.
After doing much research and speaking to people who have used this site I decided last night to give it a go. I woke up with two trades and 1.2% portfolio increase. (Ozedit: derails removed)
I don’t really care if this is a Ponzi scheme. (Ozedit: more derails removed)
To all the people regurgitating regulations and securities audits, who cares! If it makes money then I’m going to use it!
Best of luck with the scamming I guess?
Realistically though, joining a Ponzi this late = sorry for your loss.
who cares if people commit suicide and lose their life savings in a scam, as long as I make money.
What a stand-up individual. Why don’t you at least publish your personal details so people can know who to report to the police 🙂
Oh please. You didn’t do any research. If you had you wouldn’t have joined.
Your parents would be so proud of you to see what a fine upstanding individual they raised.
It is one thing to be thought you are morally bankrupt, but another to open your mouth and remove all doubt. Bravo.
At least you were honest you don’t care about other people as long as you get yours.
I created an account with this broker, funny thing I uploaded Fake documents and verification was successful.
This all just seems like any other business. Doing marketing and affiliate marketing to bring new customers. If they don’t the business will close down.
If Walmart, Amazon, Tesla, etc (Ozedit: derail removed). I guess it’s up to the customer/investor to decide what’s worth their time.
Securities fraud and fake actor executives is definately not “any other business”.
Neither of these are investment schemes committing securities fraud with actor executives. Comparisons are irrelevant.
How do you know they don’t have no liquidity providers?
Let’s forget the 6000 other obvious red flags.
You for real?
Dunno how fake licenses, fake registrations, illegal securities and actors as executives is like any other business?
Where do you dig out people as gullible as this? I have a nigerian prince that would love to talk to you.
They are so ” clever” that they didn’t even have the decency to change the AVATRADE regulatory licenses they claim to have:
I’m so glad i found this site, I am so confused who to believe. Ive signed up and everything and havent deposited any money. I will do more research.
(Ozedit: solicitation removed)
Like i dont care, I registered and invested with IPC.
I earn daily from MT4 and withdraw my profit every weekend. use this info as you wish.
It’s funny watching both sides defend each other. Who cares if people are making money and who cares if people are dumb enough to be scammed.
The same people will always do the same things no matter the argument.
Intelligence Prime Capital really bringing out the dregs of the MLM underbelly. People who probably can’t afford to lose anything.
Anyway,I have read all the comments,the one that got me most is the fact that if it’s true that Ipc has a AIA bot that can trade with such accuracy as they claim… why are they selling it at that cheap price?
Also why is there no physical verified company address that can be seen. So many questions left unanswered.
Do they really pay you to invest with them? Why do I see live trades executed on my Mt4 at different times?
Hierarchy of investment someone mentioned, if you have ever traded the forex market, u won’t make that comment, u should understand that there is a reasonable lot to be traded with a given equity.
Their ROI is even small compared to what a good trader can make with same equity in a day’s trade.
Although bots will always be bots, it will become unprofitable in the long run, except strategies are updated.
7months of trading without a loss, I can’t call a scam. You can call it whatever you want.
Quoted for the lulz.
This is annoying as my Uncle is the one who recruited me. I am going to take out all my initial investment and email IPC asking for legitimacy of their documents and stuff as OZ has said we should do. There is really slim chance that this is not a scam tbh. It is a shame and will keep doing research.
The affiliate Programs gives it away as a straight ponzi, of the wort order..
Only invest what you can afford to lose. Dropping only $100 is the best strategy to let it compound and not have to worry.
If they rug, so be it, $100 is nothing.
A very important guide to people out there keep it up.
With Ponzi schemes like Intelligence Prime Capital, this first requires you to be a scumbag fine with stealing money through scams.
why do people keep defending that site even though their “about” section it’s all copy paste from ava? :/.
i kinda feel sorry for them and not only that but the whole thing you pointed out, Oz.
Thank you for the information you shared, Oz.
For a large percentage of the MLM underbelly, “but I’m making money!” is due-diligence.
They don’t care where the money comes from or whether they’ll actually be able to withdraw it when the time comes.
These people disappear when their scam inevitably blows up, never to be seen again.
Checked with the property management company at 1 YONGE St. Here is the reply, VERBATIM, to my inquiry if Intelligence Prime Capital was a tenant.
For context, TelSec is a co-working space.
Don’t believe me? Write the property management company yourself.
BUMMED cuz this looked legit AF from 50,000′.
Thank you for your help, Oz, AntiMLM, and others. It was appreciated. Am getting out of iprime. God bless.
Intelligence Prime Capital fraud warning from their “Partner” HLK group
The answer from IPC officials is that their real web site is iprime-capital.com/
IPC is saying that the fake web site is iprimecapital.com/
So the statement of HLK group is normal and they are not concerned as they are the real site.
iprime-capital.com/ was created in Dec 2021.
3 months after the beginning of IPC activity.
Not sure what the relevance is. HLK Group is another faceless shell company incorporated in Australia.
These are likely all scams playing off each other.
100% Guarantee to loose your money that way, the money is in recruitment, that’s why the serial schillers are pumping it.
The pay to play monthly will give it an 8 month shelf life. The drama will start i figure sooner than later, with whats coming to the crypto space next month.
Its Run by Chop Stick and Rice Bowl INC.
Lot of members of IPC are complaining today, because they couldn’t withdraw their money yesterday. They tried, but nothing has been received.
Also, according IPC announcement made yesterday , IPC found out that some people received double payment earlier (This is confirmed), they didn’t inform IPC about this extra payment and didn’t return the funds.
So, IPC said they might freeze 120.000 accounts for auditing if people don’t return the funds by themselves.
So it begins.
Here is a message sent on some IPC forums from someone who claim to be IPC support.
This message in reaction of the impossibility to withdraw any money since yesterday.
They are sick, freezing 120,000 account, that’s where the scams start from.
No Worries. They claim to have around 180.000 members,
So there are around 60.000 happy members (other than the 120.000) 🙂
That’s how scams end. Ponzis only stop paying out for one reason, because recruitment has dried up.
Freezing some accounts is a prelude to shutting down entirely. Locking down random accounts reduces the outflow while keeping the last dribs and drabs of new money trickling in.
The 120,000 will be those accounts who withdraw the most while not bringing enough in via new recruits.
Even if this “double payment” stuff was true, which is extremely dubious, there is no need to demand repayment.
The scheme could easily even things up by deducting the payment made in error from future ROI payments or withdrawals.
Except of course they can’t because recruitment has dried up, so no more “ROIs”.
Thanks for the updates duke.
Only one reason a Ponzi scheme starts having withdrawal issues…
Had a look around and can’t find a copy of this announcement. Holding off reporting until I can confirm.
Thank you @oz for the eye opening. I was actually skeptical about this company’s whole method.
How can someone with less than $1000 equity be trading at 2.45 lot size. Is that not suicidal even with Bot system? And you are not allowed to view the active trade running on MT4.
As soon as I saw my friends screenshot, I knew that the trades are most likely fake. Maybe they are just paying old recruits with the money from new ones.
Again they have both your money and also own the Bot. If they are real they should be able to sell Bot to customers who wish to use a different Broker.
Thirdly like earlier said here they posses all the attributes of Pyramid schemes ranging from referral program, fake address,etc
I will be here to get more information and until I’m satisfied I will not invest in IPC.
How can someone fake a trade? Genuinely curious.
I had invested in IPC bot. Once I started reading your comments I decided to withdraw my money. I really don´t want to still money from others.
I HAVE A QUESTION:
Can we do something about this, besides providing information about this SCAM?. For example, Is it possible to report the bot´s account to MT4 in order to blocked/delete this account?
I know that MT4 is just a platform for trading, but what happens if they know that someone is using their platform for illegal things.
Thank again for all the information you have collected.
See #2 and #96.
MT4 is owned by Metaquotes Software Corp. I’ve never heard of them shutting down scam that use their platform.
Last message from IPC to the members : (Copy /paste). no editing.
Working on a live server ? not on the backup first ? and switch when all work is done ?
Sounds more like they’re working on the script that generates the bullshit data.
normally you work on the script on a Miror backup server. not on the live server.
Amators or Bulshitors ? it is one or the other.
Their site appears to have gone offline for now.
iprimecapital.com site is off line, but not member.iprimecapital.com/ this one still on.
They Copied they website content From AvaTrade.com, don’t doubt me check it yourself. Word to word no removal.
That’s some serious offense for a serious business organization handling billions will do. With fake awards.
Please I advise you to stay away, because it’s paying now doesn’t me it’s legit.
You’re NOT helping. While there are points of concern, with IPC, this is NOT one of them.
AVA Trade white-labels their site. They’re WELL aware that IPC is using their platform. If you bothered to do more than cursory research you’d have found this.
So, all of you who think you’re so smart by pointing out registrations that are not in IPC’s name and 15 years of experience, 300K+ users…again, NOT helping.
What is concerning is that neither the Canada or Colorado addresses are legit. I called the property manager at both. Never heard of IPC.
Neither of those are words. But, yeah, you seem credible. (face palm)
I thought they will have removed AVA trade references during the last “off line ” period last night.
It seems they don’t know to edit it properly.
I recommend to listen to the ZOOM interview of IPC management made by the Columbian team (There is a man that translate in English in the video).
The answers and reactions of “Eddie” IPC head manager are terrible. IPC don’t need any ennemies.
happy viewing :))
@Duke because they removed where they stole from doesn’t take away the stealing and lies. And yes, the didn’t just referenced they copied the whole article on the web page, and the haven’t changed it.
Plagiarism is a crime in recent society, serious companies like IPC claimed they are shouldn’t do it if they claim yo be legit…. Hold your self to blame when they pull plug tomorrow.
in this video, Eddie is introduced as the only person in IPC management we will ever talk to.
Based on his performance on the Zoom conf, if I had to interview this guy for a job, there is no chance he will get anything.
This is surprising that people are giving him their money.
The YouTuber, Spencer Cornelia, does great reviews on ponzi schemes. He did one on CashFX but hasn’t done one on IPC yet.
Either IPC is legit or he hasn’t heard of IPC. Someone should get in touch with him to do a video.
There are too many scams for everybody to keep up.
As far as complexity Hypershit and Crapfx are far more involved and complicated than IPcrapital so much better viewing.
Both of these things are part of Intelligence Prime Capital.
Can != definitely doing it
To date nobody has provided evidence Intelligence Prime Capital has anything to do with Ava Trade.
Also white labelling typically extends to a service. Why would it include ripping off website design and misappropriating regulatory registrations?
If you want to make the claim Intelligence Prime Capital has white labeled Ava Trade’s service, provide evidence.
I am NOT defending them, but there are some facts you may be unaware of when it comes to white-label.
As it relates to websites, “ripping off” website design and “misappropriating” regulatory registrations is precisely what white-label is…except for the fact that it’s not ripping anything off nor misappropriating in the slightest.
AVA Trade purposefully makes a complete clone of their site, including all member-access-only areas. All regulatory registrations are extended to the client who is purchasing the white-label site from AVA Trade.
It is 100% above board and common in numerous industries, especially non-durable goods. Some clients will chose to reskin the website, but you’ll find much of the same verbiage (word-for-word) as on AVA. Dumb to do that because that just helps AVA’s SEO.
Any digital-based white-label company rigorously pursues unauthorized clones with second-by-second spidering of the internet in search of exact verbiage, imagery, and other assets related to the site just like any company would with their intellectual property (ie, YouTube pulling videos containing copyrighted material.)
(Ozedit: spam removed)
Does that PROVE that IPC hasn’t done an unauthorized clone? No.
Is the fact that the website is still up a strong indicator that it’s completely authorized? I think so. AVA would have caught them within days of the site going up.
Is the MT4 data being faked? Possibly. Until IPC regains verified track-record status on myFXbook (which they previously had until thousands of people gave up their passwords to the scam sites that cloned IPC) we can’t be certain.
And there are red flags regarding their alleged Canada and Colorado addresses. They are not a tenant at either address…and this is confirmed by the property manager’s at those locations.
Yeah son, I know what white labeling is. With respect to trading, that’d typically extend to the service.
You can of course white label a website design but that’s not the industry Ava Trade are in so it’d be odd for them to offer that.
It also doesn’t explain the misrepresented regulatory registrations.
Here are some facts about securities regulation you may be unaware of: That’s not how securities law works.
The entity offering the security needs to be registered. You can’t white label your way out of securities fraud.
Not good enough. If you have to guess, it isn’t.
Boris CEOs, fake registrations, fake addresses, securities fraud. Never take anything from scammers at face value until they prove it.
you said “Is the fact that the website is still up a strong indicator that it’s completely authorized? I think so.”
Remember Onecoin, everybody was saying the same thing.
– Onecoin is not closed by the authorities, so it is legits
– Ruja Agnatova (onecoin cryptoqueen)is on the front page of Forbes magazine and Forbes didn’t complain against it, so it is legits.
And After 4 billions € stollen, People have lost memory or what ? (No logic either ? )
I’m unclear on how you came to that conclusion. AVA Trade LITERALLY talks about white-label on their site.
I asked this of multibankfx.com (a California company)
“If I white-label your site, do I operate under your registrations or do I have to register with, for example, the SEC?”
“The standard is to operate under the regulations we are licensed to.”
You’re conflating regulatory with whether or not a company is fully authorized to white-label AVA Trade’s platform. Please, reference what I said about companies policing their intellectual property.
AGAIN, I am NOT defending IPC. I’ve got money in it. I’m concerned about the legitimacy. And I do well enough in the stock market to risk the principal that’s currently paying me about $2000 a week.
I’m in a fortunate position where I can lose the money and it won’t hurt. I have NOT enrolled anyone as I’m not yet comfortable introducing someone to something I find to be high-risk.
IPC is a mixed bag and, for the sake of the “little people,” I hope this turns out for the best. I have plenty of people who could use the kind of extra income and need unimpeachable proof of legitimacy before I will share this.
I’m currently 51% legit and 49% scam.
They don’t mention anything about cloning websites and misrepresenting regulatory licenses.
Last time I’m saying this. If you want to put forth Ava Trade has a business relationship with Intelligence Prime Capital, put up the proof.
Companies offering securities need to “operate under the regulations” of markets they are offering securities in. That’s all the above states.
Said companies need to register their securities offering with financial regulators.
“I white labeled a service” is not an exemption from registering securities with regulators.
Then I’ll make this simple for you: Intelligence Prime Capital is committing securities fraud.
MLM + securities fraud = Ponzi scheme
There is no grey area. There is no what ifs. There is no “mixed bag”.
Want to argue otherwise? You’re now defending IPC.
You’re welcome to do so but please acknowledge you’re 51% OK with securities fraud and cut the crap.
Harboring such anger, (Ozedit: derails removed)
Cite of the U.S. code proving this or stipulate that you are opining.
Until you PROVE that which you claim, why should anyone take you at your word?
Not interested in hAtErZ bullshit. You either address my responses or spam-bin.
Securities and Exchange Act (1933). You’re welcome to point out where it provides a registration exemption for white labeled securities offerings.
Spoiler: It doesn’t.
Intelligence Prime Capital is a pyramid selling, Ponzi scam.
Sorry for your financial loss.
Let the record show when confronted with the fact Intelligence Prime Capital is committing securities fraud, Stanton resorted to the usual Ponzi scammer playbook. Abuse and DDOS threats etc.
Another “i’M nOt DeFenDiNg A sCaM!” scammer bites the dust.
Stanton is going to brag to his friend and fellow members of this Ponzi how he took it to you, Oz, and all of us who say that IPC is a Ponzi.
He showed all of us how brilliant he is and how dumb we all are not to see IPC is a legitimate company. Well that is his story to his fellow scammers in this Ponzi.
He thinks that IPC dosn’t have to prove it is not a Ponzi, but anyone claiming it is has to prove their claim. When we do, he refuses to accept it.
He knows IPC can’t, thus why he tap dances around and ignores the real facts.
I loved how he tried to claim that he was only after the truth. Too funny. They typical wannabe Ponzi pimp trying for his 15 minutes of fame.
I hate to break it to you Stanton, but your attempt at defending your Ponzi de Jour rates a pathetic 2 out of a possible 10.
You need a lot more practice newbie. But thanks for playing. I haven’t laughed this hard in a long time, so thanks for the comedic relief.
Add to the wishlist:
A counter on all pages that tracks how many times “Not a scam” is said in the comments
That’d DDOS the server from the inside!
We can do Plan B
Great idea. Let’s DDOS each other!
I SWEAR TO GOD, IPrime Capital is a scam.
I deposited 1600$.They charged me. 99.9$ for the Genius Bot. They also charged me 309 for Bot Secure Value.
I cannot make an Internal transfer only on weekends What the hell is Bot Secure Value, You cannot chat with their customer service.
They are fraud, I just lost 1600$ to a fucking scam.
If you go to their website, it showed they accept Paypal, Master Card, Visa Card and other form of payment method after your register they only accept Bitcoin and Usdt because they don’t want anyone to trace them.
Please don’t join this people. I lost 1600$.
I wish I could upload a screenshot on here. Which broker on this earth would only accept Bitcoin and usdt, No bank deposit, No.International wire transfer no Skrill or PayPal payment.
No customer service. Bro run.
I sent a request to Avatrade to ask or not if they have any relation with Prime Capital (partner or other).
The answer is NEGATIVE. NO relation
Any chance of a screenshot? (censor out anything sensitive)
Yes, but how to upload pictures ?
Can either upload it to an image host and link or reach out through the contact form, button on the top right.
IPC accounts of members in France are blocked or reset to 0$.
Not only in France. It’s everywhere. Disabled accounts.
Now how can this be? Stanton told us this was 51% legal and only 49% illegal in his eyes. He should know since he did his due diligence and none of us could prove this was a Ponzi, well according to his criteria. All we had was our “opinions.”
So Stamton please come back and explain all of this to us as I know you have all the answers. This being legal and all, right?
Upload to imgbb or imgur and post the link here.
Duke did provide a copy of the email. Thanks.
Next up we need evidence of the account closures and withdrawal delays.
And for those reading along, only one reason a Ponzi scheme starts having withdrawal issues. Closing accounts is self-explanatory.
This is how it will start….very soon they will say they are doing upgrade and that’s the end for everybody…
Apparently. The accounts are back to normal now. There was an issue with MT4. Well I’m tired of the issues every week.
I’ve withdrawn all I could but can’t close my account. I still have the bot security in there. Been waiting for over 3 weeks now to close it. I was told that you have to wait for 3 months before you can close it, which was another red flag for me.
screen shot of IPC account blocked yesterday. ibb.co/1T6zYS4
Screen shot of an account which had 2000 $ and became empty ibb.co/SVHM0bD
Thanks for that Duke.
According Prime capital member interface, the amount of money per member left today in IPC is 31 $ !!!!
On genius Bot:
Yesterday, it was around 1500 $ per member.
Either these number are entered manually by IPC and they made a mistake, Either there is nothing left.
Wow that went 50% quicker that i called it. sorry for everyone’s loss..
Wow I read a lot of commitments about IPC and this is just there way of trying bully people to believe (Ozedit: derails removed, see below)
Intelligence Prime Capital committing securities fraud because it’s a Boris CEO Ponzi scheme has nothing to do with bullying or beliefs.
Intelligence Prime Capital committing securities fraud can’t be explained away. It’s a fact and is what it is.
I love this page.
I know people investing including myself and they are making lots of money and able to withdraw and have made withdrawals 5000, 10,000 more, so for a scam people are making a lot of money.
so maybe you should talk to the 200,000 people that are using it daily making money every week, ask them if it’s a scam.
Intelligence Prime Capital is a Ponzi scheme. It’s a scam irrespective of whether you, your friend and/or 200,000 people are making numbers on a screen.
We also know you’re here because Intelligence Prime Capital is having withdrawal issues for a week. No need to lie.
I thank this site and all that has contributed in making me to see the truth behind the lies.
I don’t know how to thank you enough, but i want you all to know you have safe me from fallng into the hands of these scammers. Thank you again and again and again.
Continue the good work and God will continue to bless you
At this point those who claim they had access to their fund would agree with OZ that their money is not in their control.
They just did an experiment on how to elope with your funds within the week…reason why account showed zeros.
That was a red flag…the next one will be huge.
So glad i came across this site. If i did not i would have invested and lost. It seemed too good to be true.
I saw it on a guys Youtube site. Looked good but i still wanted to search it on the net to see what i could find about it.
Came across this site and a few others. Save my money cheers.
Absolute clowns… vimeo.com/683468261
Has anyone phoned up fontrack of canada and inquired about IPC capital .
Fintrack just was used by the Canadian government against all the convoy truckers and their supporters to shut down their banking accounts.
Canadians gov agencies are good at playing dirty as our politicians are very well off ahem.
Registering a shell company with FINTRAC is evidently trivial. No different to the FINCEN or UK incorporations that get thrown around.
I can guarantee you Ponzi scammers operating out of SEA aren’t using banking channels in Canada.
This site had opened my eyes. Weldon guys.
Let’s watch the game as it unfold gradually,
Whithral issue has started which is the key points.
Yesterday (3/5) IPC sent out an announcement. It said that hacking incidents have been increasing in number and that multiple feedback from users indicates that their funds were withdrawn by these scammers who hacked their passwords to gain direct access to their accounts.
In other words, they are blaming the loss of funds on hackers and scammers who were able to get into their accounts. Let me ask you; does this sound like a pretext used by IPC to explain the disappearing funds??? Do you really believe that this is happening on a large scale?
My guess is that IPC is taking the funds, and blaming it on these nonexistent hackers and scammers. They seem to be funding the accounts of their large investors to continue the marketing of this ponzi scheme. The small and newer investors are getting the shaft. So they have come up with a way to explain the missing funds!!!
I will send the original email my friend received (he never joined IPC) to the owner of this website if you will let me know where to send it.
That does sound like the beginning of a “we got hacked!” exit-scam.
Contact form button is on the top right of every page.
Why are you people bending the truth, look around, scammers have created a similar website, I mean look-alike websites that have siphoned people’s monies and that site today is nowhere to be found.
IPC has been warning everyone to use GA to bind their IPC account, warned we should steer clear from telegram,
The said the make sure everybody accounts is protected but when you are careless, you don’t blame IPC.
the first thing that comes up when you logon to your account is the warning screen.
Please I know everything in this world is a risk, even the banks we deposit our monies do closed down at a point.
Nobody is bending anything. “We got hacked!” is one of the oldest Ponzi cliches.
When it comes to Ponzi schemes, nothing is off the table. Scammers pretending passwords were hacked is nothing new.
It’s all part of the con. Sorry for your loss.
I Didn’t lose, quite enough I have my little confidence in the Busines, have made my findings, they have products, and that’s enough.
OMEGA PRO, CFX, etc, are (Ozedit: derails removed)
Mate just own being a scumbag. You’re not fooling anyone with the “bUt My PoNzI hAs PrOdUcTs!” bullshit.
all Ponzi schemes. Best of luck with the scamming.
If you didn’t lose,then you’re part of the frauds stealing from others. 10/10 nice guy.
What product,except fake products under pyramid scams?
Also a scam.
No wonder, you’re a scam-whore.
You are likely right. It appears the fraudsters at intelligence CRIME capital have reached the blame stage. Some ponzis blame an imaginary sudden glitch and/or place blame on the members etc.
These scammers probably figure pulling out the ol’ ‘blame phantom hackers’ ploy is worth a try since their gullible menbers simply believe the rest of their bs.
This is scam. By my calculations with compounding strategy, it means if you start with $100 within a year you will have $8638.
So how come the owner of the bot isn’t the richest man in the world right now? Why do you want to sell your secret bot just for a penny?
I mean you could take all the benefit yourself rather than selling bot.
They prey on the greedy ones. 10% monthly isn’t realistic and don’t even mention 45%.
Thank you for the information on IPC, it has save me from investing.
Looks like IPC has been causing their downline some grief this weekend…
I saw they’d announced they were shutting Malaysia and Singapore accounts last night. There was a message in the backoffice for a brief time.
I didn’t see it anywhere screenshotted though so didn’t report on it. If that’s escalated to the US, well we all know what that means.
I’ll hold off reporting till there’s official confirmation. If nothing in 1 to 2 days I’ll publish anyway, thanks for the heads up.
From what I’ve been able to put together, Intelligence Prime Capital accidentally enabled their exit-scam for a few hours.
This was the message shown in the backoffice:
Intelligence Prime Capital was never compliant to begin with. They’ve been committing securities fraud from day one.
Accounts in the US, Malaysia and Singapore were blocked (might be other countries). This was later reversed but withdrawals issues are still there.
No official word because they haven’t come up with an excuse to explain away the goof (“iT wAs An Mt4 GlItCh We SwEaR!”).
One day they’ll turn that exit-scam back on and not reverse it. Intelligence Prime Capital has literally shown you their hand.
Not being able to actually withdraw aside, withdrawal requests this week are likely to be epic.
In be4 new investors; “fAkE nEwS, i WaS aBlE tO wItHdRaW $2!”
Update from Angus Levie to his Telegram group at Manifest…
Links to this video: vimeo.com/690647463
I notice a Dr Reginald Stinson is on the call in the video…
Dr Reginald is the self professed CEO And founder of Unit Of Prosperity (unitofprosperity.com/) and it would appear he likes to associate with the very high and mighty… as seen in this post on Facebook from 2020 facebook.com/photo/?fbid=2624689311138828
If you can’t see the Facebook post, here’s the Doctor posing with a Prophetess, Kim K Sanders, snipboard.io/ZHUSmQ.jpg
#266 That IP capital Nate has a strong Thai accent. Who is he?
I’m no expert but Thai or Singaporean?
It looks like Nate and all his team has been fired; uhm this does not smell good.
Here is an email that was sent to my friend from IP Capital yesterday. The email was sent in a JPG format, so I can not copy and paste it here.
I used a JPG to Word Converter, but it deleted some of the message. I am showing the first paragraph of the email which confirms what Herr Muller stated.
(Ozedit: covered here – https://behindmlm.com/companies/ipcapital-escalates-exit-scam-by-firing-themselves/ )
yes that’s true IPC is truely a scam i’m even regretting why i involved myself in such a scam like IPC.
I started January 2022 and i haven’t even recovered my capital even uptil now, can you imagine??
i promised myself that i won’t be the only one to fall for this scam i had to involved my family members too. Onward together like what we say in the Navy…
it’s just unfortunate that my system is not locked and the enemy of my company IPC came and wrote this mess here, I never complain about IPC, IPC is a best broker for me.
Shhh nigerian, go back to 419 scamming like a good cheap scammer.
While the navy has quality vessels, the ipc ship cannot travel onward as it was made to eventually self-destruct… And now it is sinking to the bottom of the ip(sea).
I’m sorry, what?
You signed up and lost money in a Ponzi scheme, fucked your family over and you’re going to come at me for reporting on Intelligence Prime Capital’s inevitable collapse?
Fuck me, some people…
Think he’s implying a fellow nigerian ponzi scammer found Emy’s shared desktop unlocked and posted “lies” in the comments under his account. But he’s a good boy.
We are told that they lost analytics, and we are now in Master C Bot for now and the IP cloud is going to be lunched soon and my question is how true is this?
IP cloud and how such are we that they’re not using it to brainwash again since many people are frightened and not able to make withdrawal from there Last week trade.
and now we’re being told everyone should be patient that the IP cloud will help on withdrawal payouts where’s they impose a task that the master c bot is locked up for 100 days.
Welcome to the Ponzi end game. It’s been smoke and mirrors from day one.
@ Iyke IPC is using frustration tactics to leave the market. How will a company that said they were hacked be talking about cloud security services? Trust me it’s another way to generate more funds or frustrate members.
Follow the trend and you will see everything happening now where all planed and executed to the letter.
They gave you c-bot and made migration optional. I guess most people didn’t migrate because of the 100 days cap lock…and now they migrated everyone to the c-bot.
Before the end of April, you will see another update.
At this point you know what to do!
Don’t fall for scam
Don’t refer your friends and family to join Ponzi schemes
Is there any way to get our fund out of IPC now that they are still active?
I feel they will shutdown the site before the end of April.. Even the last Email support they provided seems to be fake.
Fly to Singapore and start knocking on random doors?
No. This was a financial scam and this is how the scams operate. Sorry for your loss.
Unless you want to invest a lot of effort and additional (financial) resources to trace the real owners and beat money of them out.
Someone said IPC is using their remaining 20% fund after the hack to trade on another platform to raise capital Read this on their Twitter page.
-people can be so gullible.
They already cleaned MT4 Accounts balance to 0.00 Balances.
What is the purpose of this IPCloud? They already had the money from investors to run away.
Are they trying to collect more money to escape with more money. People are crazy buying IPC tockens.
IPCloud could serve two purposes (or both).
The first is time to make a getaway. That is for the scammers behind Intelligence Prime Capital to place as much distance between themselves and their investors.
This buying of time also dissuades investors from filing complaints with regulators before the scammers have finalized their exit-scam.
The second is mining their gullible investors for even more money. Presently a significant percentage of Intelligence Prime Capital investors believe numbers on a screen = real money.
So IPCaptial is launched, encouraging investors to convert one form of monopoly money to another. Oh, you want to withdraw your tokens? Well that’ll cost you (insert bullshit fees here).
Intelligence Prime Capital’s website isn’t opening anymore.
They seem to have disconnected the DNS or changed the domain. Does anyone know their functioning website?
Intelligence Prime Capital collapsed months ago. You got exit-scammed.
Sorry for your loss.