One of Dominica's major reform websites, Mas in the Cemetary, has exposed what it says is a group of totally unregulated companies, all registered at the same virtual address in Domnica, 8 Copthall, Roseau Valley, and conducting "questionable operations" there, which represent a threat to the unsuspecting investing public.
These offshore companies are reportedly engaged in Crypto Currency, Forex, Bimary Options, and other shady fields, and have already been slammed by a number of reputable reporting websites. Those named are:
(1) OPTIONS TECH LIMITED.
(2) CRYPTEX MARKET.
(3) UNITED MARKETS 4U.
(4) GAMMA INVESTMENT CORPORATION.
(6) CRYPTOFOREX BROKERS.
(8) COINS 247.
A number of offshore virtual unversities have also been identified at that same address. According to the article, the property was formerly owned by a Russian national, recently deceased, who was a seller of Citizenship by Investment (CBI/CIP) passports issued by Dominica. Other Russian businessmen have also been linked to that individual, and to never-finished CBI real estate projects in Dominica, one of which allegedly involved the distribution of 500 CBI passports to the developers. Identified as the owner of ten Dominica companies is the Russian national ALEXANDER V. BERENSTAIN.
We are in the process of following up on the above information, and verifying additional details regarding other companies that may also be resident at this virtual toxic stew of scammer companies, and will reports back to our readers on more data shortly.
Contributed by Kenneth Rijock - Financial Crime Consultant
Chronicles of Monte Friesner - Financial Crime Analyst