Warning: Landun Exchange Scam Exposed
In the realm of online trading and investments, it’s crucial to stay vigilant against scams, especially those that appear well-developed and sophisticated. The latest red flag has been raised about Landun Exchange, which claims to have the backing of a “Noah Blackstein” from the Landun Financial Research Institute. Here’s what you need to know.
The Illusion of Legitimacy
Landun Exchange presents itself as a groundbreaking platform aiming to rival giants like Binance. Their narrative revolves around educating clients on cryptocurrency trading to help them build wealth. However, beneath this facade lies a web of deceit.
Key Players and Their Claims
- Noah Blackstein: Allegedly leading the charge at Landun, he is purportedly supported by his assistant Emily White and another associate named Sam. Together, they claim to provide lucrative stock recommendations that swiftly transitioned into cryptocurrency.
- Guided Trades: Recently, they’ve touted successful guided contract for difference (CFD) trades on well-known cryptocurrencies like BTC and ETH. However, the focus has shifted to proprietary coins such as WPERC, TASRI, and OPEV, raising concerns about their legitimacy.
Warning Signs of a Scam
- Impersonation Alerts: Noah Blackstein and Dynamic Funds have publicly stated on LinkedIn that they are being impersonated by this platform. They have confirmed they do not communicate via WhatsApp, yet Landun heavily uses it for client interactions.
- False Credentials: An email from the National Futures Association (NFA) compliance department has confirmed that Landun Exchange is not a member, contradicting their claims of legitimacy.
- Fabricated Articles: A quick search reveals that articles promoting Landun were published in a short time frame, around the same period as the scam’s launch in late July or early August. These articles lack credible sources and are designed to mislead potential investors.
- Pressure Tactics: Scammers are pressuring individuals to deposit more funds in anticipation of significant returns from upcoming elections and market data announcements, promising a 10x return on equity (ROE) within weeks.
- Account Liquidation: Reports from members of WhatsApp groups indicate that some have been liquidated due to guided trades. When they attempted to withdraw their funds, they were met with excuses about temporary holds related to compliance issues.
If You’re Involved, Act Now
If you find yourself entangled in this scam, it’s crucial to act quickly:
- Withdraw Funds: Attempt to withdraw smaller amounts strategically. Don’t leave large sums on the platform.
- Don’t Fall for False Promises: The promised profits are likely part of the manipulation. Be wary of further investment encouragement.
- Stay Informed: Keep a record of all communications and transactions related to Landun Exchange. This documentation can be vital if you need to report the scam or seek recovery assistance.
How we Forteclaim Can Help
At Forteclaim.com, we are dedicated to assisting victims of financial fraud in reclaiming their lost investments. Our services include:
- Expert Guidance: Our team offers personalized advice to help you navigate the recovery process effectively.
- Resources for Victims: Access valuable information and tools designed to assist in your recovery efforts.
- Connections to Recovery Specialists: We can connect you with experienced professionals who specialize in fund recovery.
Conclusion
Landun Exchange serves as a stark reminder of the need for vigilance in online investments. If you’re involved with them, prioritize your financial safety and consider seeking help to recover any lost funds. Remember: if something sounds too good to be true, it probably is.
Stay safe, and spread the word to help protect others from falling victim to this elaborate scam. If you have questions or need further assistance, don’t hesitate to reach out. Your financial well-being is important!
Known WhatsApp Groups
- DF Investment 3
- Dynamic Futures