Bitcoin Forum

I was searching on Google about crypto scam and uk companies house and I read that the uk company house does not verify the address and identity of the person. And that allows scammers to register the company as little as 12 pounds and most of the scammers are operating from abroad. I learned it is different from registration with regulators because in order for company to be regulated and get the license it can be costly. I was victim of scam over a year ago with crypto trading and I thought business  registration was enough for the company to be legitimate.

I believe scammers can easily register and incorporate  a company eg uk companies house because it does not regulate markets and it costs very little so they don’t get caught. Also scammers registers the company to make it look credible and to scam victim. I think government should take action to  verify identity and address when someone want to register a company.

Lesson learned.

it's nothing new and it's been like this for many years...
just look at how many HYIPs have registered as LLCs in the UK and you realize that it's something well known.

Absurdly, a HYIP that doesn't even have this fake certification is just a low-level scam ;) and even "profit maker" or "hyip monitor" are not listen these fake sites.

Yes, this is what was really happening with the UK Companies House, and it is worth noting that the fraud operations increased and many scam companies spread through their listing themselves on the Companies House. The rates of victims rose because people believed that any company registered with the Companies House was legitimate, having been investigated, got certificates, and verified for their activities, as well as the identities of company owners. This is a significant mistake. Most companies with fraudulent schemes are registered and display certificates on their official websites, which have often been obtained by paying some fees.

It is worth noting, and what I have known now from positive news, that changes will be implemented to UK Company Law as major changes will be implemented in the Economic Crimes Law and corporate transparency in the coming years. You can review the new measures through the following page: [HERE (https://changestoukcompanylaw.campaign.gov.uk/changes-at-a-glance/)]

Many do not even have their own registered LLC but show data of any random one chosen from the register. Most of them are very easy to recognize because the company headquarters are registered, in ordinary residential houses addresses.
I hope you do not believe in the existence of any legitimate HYIP versions, regardless of what the monitors say. Of course, they will be very happy to pay a percentage to anyone who brings them a new victim.

Yeah. Company registration alone cannot protect against crypto scams.  Scammers are crafty - they fake companies using stolen IDs and virtual addresses to seem legit.  So while checking if a company's registered matters, it doesnt equal full regulation or guarantee safety.  You gotta watch for other red flags too.

The crypto platform I was investing with was registered with Florida department aka Sunbiz.  According to the crypto platform it was registered to comply with Florida law to appear legitimate. It is same as Uk company White House in the UK. That made me believe platform was legitimate and the department of state conduct background check on crypto platform.

It is also easy to register a crypto platform off shore because of lax regulation.

IMO, if someone is asking investments for them to trade for you or for them to distribute their trading profits to you easy without hassle and risk. Then, that sorts out that it's a red flag and with that, you should be careful with them. While it is good that we verify if they're registered and the addresses that they have are legitimate, don't believe with most of them as it's too easy to make fake offices that can be done through co-spaces and companies or businesses that allows their addresses to get registered with a business which is a client to them. I don't know what it's called but something like that, shared address and that scam company will pay the actual owner of that address to get registered under their address.

There is no doubt that the fight against fraud should be carried out by the state. But in practice, everything looks different: everyone should do their own research before investing their money. And in this case, if you find several red flags for such a project, then the place of registration will not matter at all.

Or sometimes they will just used a registered name based on UK or US and so when you check it, you will think that it's a legitimate company and others might fall for the trick. But if the offer is too good to be true, then chances are this are scammers.

That's why we really need our common sense here, we don't need to be greedy if we see those returns that you should get. Those x amount of returns are just one method for this scammers to lure their victims and so we should be very careful with it. Don't blindly invest specially with huge money in crypto. There's no such time as big or easy returns. Most of the time and in many day-to-day situation, common sense serves as a practical and reliable guide for making reasonable decisions specially in the world that we live in, - Cryptocurrency.