Bluefire Capital Futures and Options has scammed a lot of money from people who were looking to grow their nest egg. There are no real estimates on how much money BCFO has robbed, but from what I read, it looks to be hundreds of thousands of dollars. This scam looks to be operated by a worldwide criminal organization.
If you are thinking about making an investment, please choose a respected and renown company. Do not fall for this scam or any other related investment scams.
Here’s how the scam works:
The people from BFCFO pretend to be financial advisors and they will assist you in trading Futures and Options. After introducing you to their website, they show links to the CME, NYSE and IDEX. This is their way in building trust so that you take the bait. Once the victim is confident, they will be requested to apply for an account at one of the actual trading companies and of course they recommend the IDEX.
After applying for an account – And everyone gets an account regardless of credit history, you will then fund the account; they will help you buy Options, like (Platinum). Once you buy your options you will start to see profits after a couple of weeks in which you will want to sell. BFCFO will advise you to invest in other options like (Gold), but they will advise that you would have to invest additional money in order to buy a larger amount of options. If you refuse and just want to sell the initial amount of options, they will start to buy time. Initially you will be told that you have to pay a tax penalty to the IRS since you didn’t fill out an obligatory document stating that you’re not a US-citizen (There is NO reason for anyone to ask for money for taxes or any other reason just because you are not a USA citizen).
If the penalty is not paid, you will see your return in your account, but you can’t withdraw any money because it is blocked. After paying the tax penalty they will advise you that your account will be unblocked any day now. Even more, the penalty will be refunded after 4 to 6 weeks.
Unfortunately, nobody picks up the phone or answers to e-mails any more (neither BFCFO, nor IDEX).
Both websites are new and this should raise a red flag. They were both created in June 2009 and are on servers in Atlanta, USA. After checking their actual addresses via Google Maps, their address numbers don’t seem to exist. What you will find near the given addresses (both for BFCFO and IDEX) is a Barclays bank.
An actual post from someone who was scammed:
XR-Group & BOFX options fraud
I contracted the same fraud just with different names of the broker agencies:
XR-Group
Lippo Centre, Tower 2
89 Queensway, Admiralty
Hong Kong
Tel.: +852 3050 9030The account to follow the “option trades” was with
Beijing Options and Futures exchange (BOFX)
Servoffice Business Center
15 Guanghua Road,
Beijing, SH, ChinaAfter requesting the withdrawal of the “wins” from the BOFX account, there was no access anymore to the BOFX internet account. Emails to BOFX- and XR-Group contact persons returned undeliverable and no one picked up the phone anymore.
Do not invest any money with these companies or you will lose your money.
It’s saddening to hear cases like these…but thanks for the info though. This is the reason why I love reading your blog. I get warned and updated regarding various internet scams happening as of late. And at least with the info I get from your site, I feel safer and much more aware. So thank you very much.
It’s saddening to hear cases like these…but thanks for the info though. This is the reason why I love reading your blog. I get warned and updated regarding various internet scams happening as of late. And at least with the info I get from your site, I feel safer and much more aware. So thank you very much.
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An exploratory plot of your data enables you to identify discontinuities
and potential outliers, as well as the regions of interest.
Thanks…
I think most of the people are aware of this kind of Internet fraud but when they receive a mail saying they got a fund or lottery , they seems forget the warnings given by security professionals. Even if they lost money a few are complaining to police and most others just want to keep it secret.