| 🏢 Company Name: | CryptoRockPro Limited |
| 🌐 Website: | cryptorockpro.com stablestockex.com boostwealth.uk |
| 📍 Supposed Address: | 2 Crooms Hill, Greenwich, London, United Kingdom, SE10 8ER |
| 📞 Phone: | +442070978830 |
| ✉️ Email: | [email protected] [email protected] [email protected] |
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CryptoRockPro Overview and Regulation
CryptoRockPro, claiming to be located at 2 Crooms Hill, Greenwich, London (SE10 8ER), operates as an online cryptocurrency investment company. However, it exhibits strong warning signs of a High Yield Investment Program (HYIP) scam. HYIP scams typically lure investors with unreasonably high returns for minimal risk.
CryptoRockPro exemplifies this tactic by offering tiered accounts with daily returns ranging from 9% to a staggering 20%. Consider this: a $3,000 investment in their highest tier account supposedly yields $18,000 in just 30 days, a profit exceeding the initial investment by six times!
Such unrealistic returns are a classic hallmark of HYIP scams, which often function similarly to Ponzi schemes. In Ponzi schemes, early investors are paid out using funds from later investors, creating an illusion of profitability until the scheme inevitably collapses. Remember, if something sounds too good to be true, it probably is.
CryptoRockPro claims on their site, “cryptorockpro.com is a fully licensed company with all the required documents to run a cryptocurrency business. We have an office in the UK” This statement is false.
As of October 8, 2023, The Financial Conduct Authority (FCA) states in their “Guidance for crypto firms” that “firms wishing to promote cryptoassets in the UK to retail consumers must, by law, be authorized or registered by the FCA, or have their marketing approved by an authorized firm.” CryptoRockPro Limited is neither authorized nor registered with the FCA. Moreover, the FCA has issued a warning against CryptoRockPro Limited.
The FCA also warns about two other companies sharing a suspiciously similar website design. Despite claiming to be operated under different names Stablestockex (stablestockex.com) and BoostWealth (boostwealth.uk), these three sites are likely managed by the same group of scammers.
Timeline records on CryptoRockPro Limited
July 15, 2024: The Financial Conduct Authority (FCA) has issued a warning that CryptoRockPro Limited is not authorized to offer financial services in the UK.
July 15, 2024: The Financial Conduct Authority (FCA) has issued a warning against Stablestockex.com.
July 15, 2024: The Financial Conduct Authority (FCA) warning consumers that Boostwealth.uk is not authorized to offer financial services in the UK.
FAQ
Is CryptoRockPro a regulated investment company?
No, CryptoRockPro is not regulated and lacks authorization from the Financial Conduct Authority (FCA).
Has CryptoRockPro received warnings from financial authorities?
Yes, the FCA issued a warning on July 15, 2024.
Should I trust CryptoRockPro with my investments?
No, CryptoRockPro is not a legitimate firm and operates without regulatory approval.
