Neo Capital Crypto Scam

Neo Capital called from 0202137180 claiming to be in the UK. It was a terrible VOIP connection.

The usual “You registered on our website, but probably forgot or it was a while ago. You indicated interest in investing.” Um, no I didn’t.

The “Financial Consultant” had an American accent, but obviously not a native speaker. Possibly East Asian or Eastern European. She tried to get me to install AnyDesk so she could help me. I obviously refused.

She said they were affiliated with Coinbase which I doubt except maybe they refer some clients there as an Affiliate Marketer.

Claimed they were regulated by FCA (UK), “Just like Coinbase is.” I pointed out that cold calling Australians offering investment advice is illegal, they are an unregistered and therefore unregulated financial advisor and by definition as scam.

She persisted!

Tried to get me to register on Switchere and CREX24 Crypto exchange websites. Both hide their WHOIS registration data so I don’t trust them. Finally got her to tell me the URL of their company which she claimed was neocapgroup [dot] com but she got it wrong three times, so they may not even bother having a website.

Man! They really wanted my $150 initial investment. She kept asking me if I was going to invest or should she call her next client.

I after 27 minutes I was escalated to their Senior Financial Advisor – Ben Gray (or Grey?). He claimed his grandfather was English but he was raised in Romania, but he didn’t respond to my “how you doin’?” in Romanian.

Finally their plan becomes clear. They want me to buy Bitcoin and then use that to buy a “fresh” crypto currency that is recently launched, but I have to buy it on a “Coinbase affiliated website”. So it’s a pump and dump scheme with a Bitcoin transaction to help clean the audit trail.

After 41 minutes I was bored with wasting their time so repeatedly accused them of being scammers. I suggested that if Neo Capital could show me a single regulator with whom they were registered I’d invest $150. They couldn’t.

Stay safe in 2020

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