I was scamed by cryptoelitemarkets.com and can confirm they use Glynn Woods image etc to introduce the investment scam. After the initial investment after 10 days the investment matures with a high return which is pending with a large brokerage fee, once the fee is paid the company comes up with not being able to transfer international. They ask you to open a bank account with Frontier Bank via a Telegram address t.me/frontierbnk.com . Frontier dont use telegram? Then you apply for the withdrawl and frontier askes for a transaction code which they want $5000.00 for access. Total scam. The Crypto elite company and frontier telegram is all the same organisation and needs to be shut down. Displays trading registration documents from Virgin Islands. This information needs to be spread world wide and the FBI shut them down.
Hi there,
I’m very sorry to hear about your experience with Crypto Elite Markets. Thank you for sharing these details—it’s incredibly helpful, and we’ll add this broker to our scam database to help warn others.
Unfortunately, the tactics you mentioned are common with scam operations. They often lure victims with promises of high returns, then demand additional deposits for “brokerage fees” or other miscellaneous charges. Requests for payments through unconventional channels, like Telegram, or requiring transaction codes for withdrawals are red flags, as are returns that seem too good to be true.
Unfortunately, the recovery of funds from scam brokers is an extremely complex procedure and chances of success are rather low. I would recommend checking the following article where we collected a few things you can try to get your funds back: https://brokerchooser.com/forex/regulation/scams#how-to-recover-your-funds-when-scammed.
Please reach out if there’s any other way we can assist.
Best regards,
Andris