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Attention – 500pips broker scam promoted by Oil Profit fraud campaign

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Today, the OILPROFIT fraud campaign runs on the website https://spqraiuvwk.xyz/oilprofit and promotes the 500pips (http://www.500pips.net) broker scam. We received an email the redirected us to the Oil Profit campaign via the referral hub Ristifg (https://ristifg.com/aussicht), which alternately redirects to the OILPROFIT and Tesler fraud campaigns. The 500pips scam is operated by Pepper Group LLC, registered in St. Vincent and the Grenadines. We have discovered Praxis Cashier as the payment processor. Once again.

The 500pips broker scam is a typical white-label mutation as they appear dozens of times every day. Pepper Group LLC was incorporated in St. Vincent and the Grenadines in December 2020 through EURO-CARIBBIAN TRUSTEES LTD. The scammers claimed their Trustpilot profile in March 2021. It shows a 4.7-star rating with an “Excellent” trust level in 34 reviews. However, the individual reviews have strong “scam touch” and were mostly written by people who only did one review. Typically, these are the boiler room agents of the scam.

Stay far away from the fraudulent marketing campaigns like Oil Profit or Tesler and the scams that are promoted with them. You will save yourself from losing your money and having your data stolen.

If you have any information about scams, operators, and facilitators, please share it with our research team. You can use our whistleblower system for this purpose.

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