We received a complaint about a fraudulent scheme involving the website ai4.io, operated by individuals linked to the WT Finance Institute. Using names like Lysander Clark, Daniel Bell, and Martin Wilson, the scammers lured victims into a fake investment academy. They promised massive returns through Bitcoin trading and Initial Coin Offerings (ICOs). The scam also involved cryptocurrency addresses on platforms like Coinbase and exchanges operated by a “C2C merchant.” Victims were required to wire large sums of money or transfer Bitcoin into these accounts, supposedly for guaranteed profits.
You may encounter their ads on Instagram or other social platforms, where they claim to offer exclusive trading signals and access to high-yield ICOs. In this case, the victim lost over $550,000 after being coerced into investing and taking out loans. The scammers even froze accounts to demand further payments and used threats when victims couldn’t comply. Shockingly, they sent someone to the victim’s home to collect cash payments.
We investigated this case and traced over $43,783 worth of stolen cryptocurrency. We provided forensic reports, including detailed instructions for law enforcement to identify the suspects through subpoenas to exchanges. Unfortunately, these criminals scammed their victims using a combination of false promises, high-pressure tactics, and deceptive loan agreements.
This scheme shows clear signs of fraud. Promises of guaranteed returns, exclusive investment opportunities, and pressure to reinvest are all red flags. If you encounter a similar situation, stop and consult professionals. We encourage you to share this warning with others and report any suspicious activities. Working together, we can protect ourselves and hold these scammers accountable.
CNC Intelligence remains committed to helping victims trace their stolen assets and work with law enforcement to resolve these cases. If you’ve been targeted, don’t hesitate to reach out for assistance.