I recently fell victim to a fraudulent scheme involving innovate-trader.co, a platform falsely promising high returns on forex mining and real estate investments. The site advertised guaranteed returns of up to 70% on investments, luring in unsuspecting investors with the promise of substantial profits. Unfortunately, this resulted in a significant financial loss totaling $28,207.

How the Scam Operated

• High Return Promises: Innovate-trader.co promoted itself as an exclusive investment platform offering forex mining and real estate opportunities with exceptional returns of up to 70%. These unrealistic promises attracted many investors looking for quick profits.
• Deceptive Platform Design: The website had a professional look, complete with financial tools and investment metrics that created an illusion of legitimacy.
• False Bank Affiliations: The platform listed fake affiliations with well-known banks like BARCLAYS, Deutsche Bank, HSBC, and others to bolster its credibility.
• Blocked Withdrawals: Once investments were made, any attempt to withdraw funds was met with excuses and delays, confirming that the platform was fraudulent.

Details of My Loss

Below are the transaction details associated with my total loss of $28,207:

# BTC Transactions to Wallets

• August 15, 2024: 0.11887067 BTC to bc1qperm44ugs3xf95ly9wdul0aeg6lgda7amhjxs5
• August 12, 2024: 0.12927521 BTC to bc1qperm44ugs3xf95ly9wdul0aeg6lgda7amhjxs5
• August 03, 2024: 0.10256126 BTC to bc1qperm44ugs3xf95ly9wdul0aeg6lgda7amhjxs5
• August 15, 2024: 0.79664423 BTC to bc1qgganx42un2g4c0j6ulseryz5n0544wc5wc9s0a
• August 12, 2024: 0.21290034 BTC to bc1qvvvfj935hqpvcc6tt2ssfvxcz9ww39awaj2eyn

These transactions, among others, were transferred to various wallet addresses associated with the scam.

Fake Bank Affiliations

Innovate-trader.co falsely claimed to be linked with the following major banks to appear trustworthy:
BARCLAYS

1. Deutsche Bank
2. HSBC
3. Maybank
4. Société Générale
5. Raiffeisen
6. Edmond de Rothschild

Innovate-trader.co Conclusion

Innovate-trader.co is a fraudulent platform exploiting investors with promises of forex mining and real estate investment returns. My loss of $28,207 underscores the importance of due diligence before trusting online investment opportunities. Verify platforms’ credentials, avoid sites with exaggerated profit claims, and be cautious of platforms claiming affiliations with renowned banks without evidence.

Protect your investments by researching and choosing only regulated and well-reviewed platforms.