Whistleblower Inquiry – Who are the villains behind the MarginElite Scam?

FCA issues investor warning against MarginElite broker scam
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In November 2020, we issued a warning against the broker scam MarginElite (https://marginelite.com). Shortly before that, the UK Financial Conduct Authority (FCA) warned against the scam. We discovered the Estonian Blossom Capitals OÜ as the operator at that time. In the meantime, the MarginElite scam has disappeared into the darkness of the Internet, and the website is offline. Australian victims have asked us to provide our whistleblowers with clues about the ultimate villains behind the scam. Would you please share the respective information with us?

Key data

Domainwww.marginelite.com, www.blossomcapitslou.com
Legal entityBlossom Capitals OÜ
Related individualVitalii Belmas
WarningsUK FCA

Scam narrative

In the confirmation email upon registration with MarginElite, the Estonian Blossom Capitals OÜ (companies register data) was presented as the scam’s operating entity. The company’s sole director is Vitalii Belmas. And of course, the fraud has implemented an affiliate system and pays a commission of $600 for each referred victim.

Blossom Capitals officially operates as an Internet marketing company (www.blossomcapitalsou.com) based in Tallinn, Estonia. The website is offline; the domain is for sale. The Estonian company register shows that the company, registered in July 2020, has not yet filed its 2020 annual report. The scammers are on the run.

We want to give victims additional data about the MarginElite scam. Please share it with us if you have any information about this scam, its operators, and its facilitators. You can use our whistleblower system Whistle42 for this purpose.

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