This company operates under the name Basic Forex Trading, website https://basicforextrade.com. They claim to be trading Forex for those new to the industry. The process is to send bitcoin payments to the address list above and they trade for the client and send the deposit back plus a profit of 10 - 25%. This is done every 13 to 15 hours. So they will send the payment back to the client a few times. Then instead of receiving the payment due the client receives an email stating the UK government has frozen the clients account due to taxes due of $600 to $800 and the payment due to the client cannot be released until the taxes are paid. I and other clients that I know all live in the USA and are not residences of the UK. But the company is holding our investment money. I also looked up taxes in the UK and found that incomes below $17,000 are not taxable. The investments we all forwarded to Basic Forex Trade is less than $5000 combined together. Now the company has stopped responding to our emails after I attached a copy of the UK's tax website with the non-taxable income proof. It has been 2 days since their last demand for us to pay UK taxes in order to receive our investment returns. Since then no responds to our emails message or the chat feature on the website.

These people have a chat group on Telegram that they use to lure people to send them an investment. They promise to send profit back every 15 hours. They will send back profits for small investments. Anything above $1,000 maybe returned once or twice to gain trust. Afterwards an email is sent that UK taxes are due and must be paid in order to receive the investment and the profit due. They will stop communicating with the investors and remove them from the Telegram group chat to keep them from warning others. I believe there are several apart of the scam. The Telegram group all day has about 3 people posting phony testimonies, instructions to join and encouragements that the investment is safe. The Telegram group name is a cut-off sentence, Diversification is relevant, and once you h....I have the name listed as a admin. He keep telling me to pay the taxes to get my money back.. His Telegram name is Ishara Manugas and his profile pictures cuts off his full identity and he is warning a lanyard with a purple badge. The other people that encourage me to pay the taxes is a first name only, Saya, no profile picture.

I deposited $1000 later 755 because they I couldn't withdraw because my deposit amount was less than my last. Tried to withdraw again and hours later I received email telling me to pay $500 UK taxes and I will never have a withdrawal issue again.

This site offers a bitcoin investment that pays 75% interest of your investment. The investment matures after just 7 days. The entry level investment is $200 & max is $10,000. Payments may be sent to the investor for a few rounds but then the investor will receive an email stating that their investor's account has been frozen due to UK taxes outstanding for 20% of the investment. If the investor pays the taxes he or she may be sent to a girl on InstraGram named Olga Jaxon. She explained that the taxes went to the wrong address and would need to be resent. She may also say that the amount sent was not the exact amount and thus did not apply to the taxes outstanding. In other words the investor will lose more money. They also have a Telegram chat group under the name of Natasha something. However the name keeps changing. If the investor indicates they are on to their scam the investor will be removed and blocked from the group and all messages between he/she and any admin will be deleted and unrecoverable.