Dotbig and Frontier Development Solutions – Fraudulent Scheme
Dotbig (dotbig.com, trade.dotbig.com) and Frontier Development Solutions** are part of the same financial scam, operating under the classic pseudo-broker scheme.
How Their Scam Works**
- **Attracting Victims– Aggressive advertising, calls from “investment consultants,” and tempting promises of high returns. – Fake reviews and “expert forecasts” that create an illusion of professionalism.
- Creating a Fake Trading Account – A “trading account” is opened on Dotbig for the client, but the money actually goes to Frontier Development Solutions. – The “personal account” shows balance growth, but these are just numbers.
- Fake Analysts and Account Drainage– A “personal analyst” is assigned, who provides deliberately losing signals. – Eventually, the client loses everything and is persuaded to invest more money, promising to “recover losses.”
- Refusal to Withdraw Funds– When the client attempts to withdraw funds, they are asked to pay fake fees, taxes, and verification charges. – Eventually, the account is blocked, and support stops responding.
Key Element of the Scheme – Frontier Development Solutions
This company acts as the financial middleman, accepting victims’ funds. It is registered offshore and is not regulated by any financial authorities.