Report: #51

Elite Trade Finance Exploiting Investors

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Name of company or individual

Elite Trade Finance

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Additional names (AKA's)

Robert Luca,

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Location of the company or individual

Internet Only

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Address of company or individual
State / Province

SLOUGH BERSHIRE

City

SLOUGH BERSHIRE ENGLAND

ZIP Code

Street Address

31 WALPOLE RD, SLOUGH BERSHIRE ENGLAND UNITED KINGDOM SL1 6AU

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Phone and e-mail address of company or individual
Phone

+18494266361

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Report details

The scam website, operating under the name “https://elitetradefinance.com,” has gained attention for its enticing offers of high investment returns. The platform claims to employ innovative investment strategies and advanced algorithms to generate substantial profits for its users.

1. False Promises of High Returns:
https://elitetradefinance.com lures investors by making unrealistic promises of extraordinary returns on their investments. These claims are often accompanied by vague explanations or proprietary trading secrets that are difficult to verify or substantiate. The website’s marketing materials employ persuasive tactics to create a sense of urgency and FOMO (fear of missing out) among potential investors.

2. Withdrawal Issues and Obstacles:
Once individuals invest their funds on https://elitetradefinance.com, they encounter significant challenges when attempting to withdraw their profits or initial investments. The website employs various tactics to delay or deny withdrawal requests, such as excessive documentation requirements, technical glitches, or claims of unexpected financial setbacks. This deliberate obstruction aims to discourage investors from withdrawing their funds and prolong their engagement with the platform.

3. Lack of Transparency and Regulation:
https://elitetradefinance.com operates with a lack of transparency and fails to provide verifiable information about its management team, corporate structure, or regulatory compliance. The absence of credible oversight and regulation raises concerns about the legitimacy of the platform and leaves investors without proper channels for legal recourse.

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Reported by

JK Th Leng - iowa

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Submitted

Wed, Jul 19, 2023