FinTelegram has issued warnings against the Celox a/k/a Celox Live (www.celox.com) broker scam several times over the last few months. It was one of the many scams of the so-called Plutus Racket operated by boiler rooms in Bulgaria and Ukraine. Apparently, the Celox scam or its website has disappeared with the error message 404 (File or directory not found). Most recently, Celox has already received a 2-star “Poor” rating on Trustpilot and was declared a scam via an IIROC press release.
On Sept 17, 2021, the Canadian self-regulatory organization Investment Industry Regulatory Organization of Canada (IIROC) warned investors not to be fooled by Celox, which falsely claimed to be an IIROC-regulated online trading broker.
Victims of the Celox scam have told us that they last made deposits through Asoftmarket (www.asoftmarket.com) and Iplan Solutions (www.iplan-solutions.com) in London, which facilitated the fraud as illegal payment processors.
The alleged operator of the white-label Celox scam is PLEXECOM LLC, registered in St. Vincent and the Grenadines (SVG). The scam used to be very active on social media and has, for example, more than 1,000 followers on LinkedIn, 3,700 friends on Facebook, over 2,000 friends on Instagram, and 802 followers on Twitter.
After Plutus, Lucrum, and Galore, the Celox broker scam has now also vanished into the dark of the internet. We will soon bring an update on Plutus Racket with additional details. Stay tuned.
If you have any information about Celox or the Plutus Racket, please submit it to us via our whistleblower system, Whistle42.