Moneda Capital Warning

jimjames

I've spotted a rather worrying Trustpilot review on Moneda Capital which raises even more red flags than previously and might explain the (relatively) prompt action by the FCA. The post says:

My first interaction with Mondea Capital began with what appeared to be a small, fixed‑rate savings investment of £25,000. As part of their so-called "due diligence," they requested copies of my ID and bank statements.

Shortly after submitting these documents, the broker somehow identified that I had other accounts with HSBC and Lloyds. I then began receiving frequent phone calls offering new "exclusive" investment opportunities — each one conveniently matched the amounts visible in my other accounts.

Eventually, I discovered that Mondea Capital had fraudulently used my personal information to:

Open a credit file account in my name
Create FOREX trading accounts
Open accounts with Wise Bank
Use these accounts to receive large transfers I believed were going into legitimate investments

They used my passport copy, bank statements, and personal details to open these accounts without my knowledge or consent. I was manipulated into transferring my funds to what I thought were company-run investment accounts. In reality, they were fraudulently opened accounts controlled by the scammers.

I have now lost my entire life savings.

I have no way to verify if this information is correct but if so it take the fake savings scam to another level using identify theft as well. It does appear that MSE have reinstated some posts that they had previously hidden though so that's positive.

masonic

It wouldn't be surprising if something like this did happen. In the beginning, they are playing the long game and have a reputation to protect, so go to great lengths to make everything appear above board. Once the net starts closing in, their reputation no longer needs to be protected, and they'll focus on extracting as much as they can while they still can.

I also notice there are now negative Trustpilot reviews trying to promote similar services, which of course are the real deal and not at all like Moneda. Yeah right!

ivormonee

If the above is true, it is a very worrying development - not only is one's original "investment" part of a ponzi scheme or an outright scam, but one is also the subject of identity theft and identity fraud that has potentially unlimited and devastating consequences.

Something like this happened to me a few years back, and it is a horrifying experience. In the case where I had lost money, I too was the target of subsequent identity fraud. However, it was eventually discovered that the subsequent fraud was the result of the original fraud operation being hacked and de-frauded themselves, or more likely, that they were passing on identity information to another party who carried out the further frauds. This part never became completely clear, but the key point is that fraudsters were more widely involved beyond those that were originally responsible.

masonic

It's very common for victims to have their details added to a "suckers" list that is sold to other would-be scammers.