Avoid this Scam! The Number of Complaints About Capital Raising Ventures International Rising

Capital Raising Ventures International (hereinafter referred to as CRVI) is a fraudulent broker that scams investors by using Investment Package schemes. And this scammer even dared to pretend as an officer to threaten investors.

The Scammer Who Are not Satisfied with Three Times of Transfer

The victim didn't know when she was invited into the scammer's group chat, and she did not participate in discussions. She was just watching other people share about investments every day. Day after day, the victim gradually became attracted to the profits they were talking about and got the idea to invest.

She then contacted the administrator of the group and learned that the platform they "invested" was CRVI, and was recommended to choose a "basic plan" and deposit RM550. At the same time, the administrator promised the victim a profit of RM22,360.

After some time, the trader who claimed to be trading and managing the account on behalf of the client sent a message and said that the account had started making profits. So she needs to pay 10% of the profits (i.e. RM2,236) as a commission.

After paying the commission, the so-called "activation account fee", RM1,500, was also required from the client.

Moreover, another RM3,000 was collected from the victim as tax.

"Don't Want to Go to Court, Then Give the Money"

Unexpectedly, the victim was threatened after that.

A person claiming to be an officer from the local anti-money laundering department sent a message to the victim saying that her account was suspected to be related to illegal offshore earnings. He/She also said that the police had banned transactions in U.S. dollars from the account and had taken control of the account balance.

The person ordered the victim to transfer RM5,160 to a "lawyer" by the end of the month and hire the "lawyer" to get the balance back on behalf of her. And the fee was promised to be returned to her after the account was cleared of suspicion.

What's more, the person who sent the message also threatened the victim that if she refused to cooperate, she would be taken to court.

Eventually, the victim realized she had been scammed and refused to make the transfer. However, it was almost impossible to get back the money previously handed over to the scammers.

The Unregulated & Unlicensed Broker was Warned by the Malaysian SC

Capital Raising Venture International uses the domain https://crvii.com, which was first created on September 19, 2022. The company claims to be a digital asset management company licensed by the Securities Commission of Malaysia, but was warned by the SC in the same year the domain was created.

In conclusion, to ensure the safety of your money, do not trust any investment services offered by Capital Raising Ventures International.

If you have any disputes with brokers, you may submit a complaint here: https://www.brokersview.com/complaint

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