Description

I would like to complain about a suspicious fraudulent activity by an investment firm and cryptocurrency exchange. I was doing crypto currency futures transactions in WTOCOIN exchange in USDT coin under the guidance of PGIM Inc investment team [Margery Cunningham +1 (605) 728-8108 and +1 (605) 740-1461 and Scott Douglass +1 (256) 750-2788 and +1 (334) 434-7346]. During the process I invested my capital of $550K from Bank of America in WTOCOIN exchange over the period of ~1.5 months (27- Nov-23 to as of today). From 27-Nov-23 to 13-Dec-2023 I lost all my $250K initial capital during the transactions provided by PGIM. I was not sure how to recover loss without PGIM team’s help. So, on 14-Dec-2023 I transferred another $45K and another $100K on 22- Dec-2023 to do guides trades by PGIM again to recover my loses. During 14-Dec-2023 to 22-Dec-2023, PGIM also supported with another 100K USDT to protect the transaction risk. I was doing their guided trades from 14-Dec-2023 to 29-Dec-2023. Again, on 29-Dec-2023 during one of the transactions I lost money and left with $75K only. Then PGIM Inc team asked me to write a contract (which PGIM team always refers as cooperation) to protect my capital to guide me via WhatsApp to recover my losses and make profits provided I will transfer money to make my WTOCOIN Wallet balance 150K USDT and then they will support with another 450K USDT to protect transaction risk and pay 2.5% commission after I make profits under their strict guidance via WhatsApp. Also, if they can make my profits minimum 10 times, I can come out from contract without obligations but I did not entered into contract at this time. I was lost and not sure how to recover my loss. I was just doing their guided trades without contract from 29-Dec-2023 to 4-Jan-2024 in small amounts and my WTOCOIN Wallet balance reached to $100K from $75K. Again, PGIM insisted me to write the contract to give a more profitable trades under VIP membership, which I explained above. As I lost my money and there is no way that I can recover my losses without PGIM team’s help again, on 5-Jan-2024 I decided to transfer another $50K to make my balance as $150K and wrote a contract to guide me via WhatsApp to recover my loss, not keen about profits. From 5-Jan-2024 to 16-Jan-2024, as per the contract they made minimum 10 times of principle which $4.5M under the guidance of PGIM team (Margery). Once it’s reached 10 times as per the contract, I asked them to end the contract/cooperation and let me withdraw my capital. But they asked me, as per PGIM company policy I need to pay commission upfront before I can withdraw any amount from WTOCOIN platform. As of 16-Jan-2024, 2.5% commission was $92,730.00. I transferred to the their bank account provided by PGIM team. On 17-Jan-2024, once they received the commission, first they asked me to transfer their protected margin money of 550K USDT to PGIM WTOCOIN account. I transferred 500K USDT to their PGIM WTOCOIN account from my WTOCOIN wallet. They also guided me to extract my $500K USDT from my WTOCOIN Wallet to Coinbase Wallet. But the transaction was rejected yesterday i.e., 01/19 morning around 6:00 AM PST. My investment guide Margery from PGIM Inc contacted WTO Exchage customer service and told me that “WTO staff told her that you were jointly investigated by the U.S. Department of Justice and the Internal Revenue Service for suspected cryptocurrency tax evasion.” I was nervous and asked her what that means. Margery said, IRS frozen my account and I cannot withdraw any amount now. It’s common that many people will get such queries and their team to help to resolve to continue to withdraw. Margery gave me a WTO contact number +1 (857) 210-1859 and asked me to add them into WhatApp and get in touch. WTO official customer service took my WTO Account ID and came back with a message that “I have carefully verified your account status. You are now under joint investigation by the U.S. Department of Justice and the Internal Revenue Service for suspected cryptocurrency tax evasion. I am now waiting for the company leaders to communicate with the Ministry of Justice and the IRS. This will take time. Please be patient and wait for my reply.” After some time, CSR messaged me below “People who have no previous experience in trading cryptocurrencies and members whose income has reached 1000k will face tax issues. You don’t have to worry, we will take care of it. The tax department monitored your account and found that this is your first time trading cryptocurrency and you have not reported tax records before. After many communications with the Ministry of Justice and the Internal Revenue Service, our leaders concluded that you need to make a supplementary payment. After paying the tax, you can resume normal use of your WTO account and apply for withdrawal to your USDT account”. I asked the profits I made is in 2024 and I have not even filed my 2023 taxes yet, why IRS is looking at 2024 profits in just 19 days in Jan-24. I was thinking once I withdraw money from WTO platform, I will consult my CPA and pay necessary taxes as per CPA guidance. I said, I will directly contact with IRS to resolve the tax issue. But WTO said, “Your taxes need to be applied for repayment by the WTO, because the account you applied for is under the jurisdiction of the WTO, so I can only cooperate with them to do so now. You have no authority to talk to them, because they are communicating with our WTO leaders. They have now traced your account. The transaction amount is huge and there is serious tax evasion. Your account is under the jurisdiction of the WTO, so it must be controlled by the WTO. Communicate We at the WTO are not willing to intercept your cash withdrawals, but now your account has been frozen by the IRS, and you must pay back taxes. And we at the WTO will also be fined by the Ministry of Justice and the Internal Revenue Service because of your tax issues, and our losses will be even greater. So I will try my best to help you and tell my leaders about your situation, hoping that they can provide you with more help. This is all I can do, and I hope you can understand me. If you solve it yourself, you may still go to jail. I'm worried that they will increase your sentence because you have already violated the law. I think this is the last consequence you want to see. What I am applying to you now is the best solution, because the IRS has frozen your account. We have many new users and members with high profits and tax evasion who are facing the same situation as you, but with our help, they all Extraction completed successfully. This will have a great impact on you and your family. I hope you can understand that what you need to do now is to wait for our leaders to find the optimal solution. Many of our members have faced this matter before and it has been properly handled. I It’s okay to think about your things” Today (01/20) WTO customer service messaged me back. “I just got a reply from the company leader. After verification by the IRS, your total profit is 4800k, and the 10% tax you need to pay is 480k. Considering your special situation, I am helping you negotiate with the company leader. Can you Let the WTO help you advance part of the tax. After your tax is settled, you can withdraw the money and return it to the WTO. This is what I can do for you.” The minute WTO says, I will be put into jail for tax evasion, then I thought I was trapped into scam. Then I consulted my CPA and he suggested to complain to FBI with all the details and ask them how to recover my capital. My total transferred amount was $545,528.68 USD. Also, I paid ~$12,000.00 USD towards wire transfer and withdrawal penalties