Red Flags
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DAO Group Ltd
DAO Group Ltd’s intricate offshore structures and collaboration with dubious payment processors highlight its role in perpetrating financial fraud, leading to significant investor losses.
Quick summary on DAO Group Ltd
DAO Group Ltd has been implicated in orchestrating significant financial scams, notably through its platform, GoldmanOptions. The company allegedly defrauded numerous investors by promoting binary options trading, which resulted in substantial financial losses for unsuspecting clients.
Complex Offshore Structures: The organization utilized a network of offshore entities to obscure its true ownership and operations. Registered in the Marshall Islands, DAO Group Ltd was the parent company of DAO Processing Ltd in the UK. Nominal directors, such as Genevieve Magnan and Jonathan Bibi, were appointed to mask the involvement of the actual Israeli beneficial owners: Orel Asformas, Ariel Hai Mazooz, and David Mor.
Manipulative Payment Processing: To facilitate their fraudulent schemes, DAO Group Ltd collaborated with payment service providers like Payotech Ltd and Moneta International UAB. These entities processed transactions that funneled victims’ funds into the scam, complicating efforts to trace and recover the money.
AML Compliance Failures: The decentralized and opaque nature of DAO Group Ltd’s operations posed significant Anti-Money Laundering (AML) risks. The lack of centralized control and traditional intermediaries facilitated potential illicit activities, making it challenging for authorities to enforce AML regulations effectively.
by: Camille Martin
The organization utilized a network of offshore entities to obscure its true ownership and operations. Registered in the Marshall Islands, DAO Group Ltd was the parent company of DAO Processing Ltd in the UK
by: Oscar Berg
I poured $130,000 into this platform, only to be met with locked withdrawals and zero responses. It’s a nightmare I can’t wake up from.
by: Lena Krause
After depositing $75,000, they hit me with hidden fees until my balance was drained. No profits, just endless losses. This is beyond painful.
by: Diego Morales
DAO Group Ltd is nothing but a high-level scam operation. $10,000 lost in manipulated trades, and they keep making excuses. This is financial fraud at its worst!
by: Ethan Bell
After depositing $75,000, they hit me with hidden fees until my balance was drained. No profits, just endless losses. This is beyond painful.
by: Emily Barrett
I poured $130,000 into this platform, only to be met with locked withdrawals and zero responses. It’s a nightmare I can’t wake up from.
by: Elizabeth Morgan
Every time I requested a withdrawal, they demanded more deposits. I lost $110,000 before realizing it was a trap. I feel sick.
by: Caleb Hudson
Watching my $25,000 disappear through DAO Group Ltd’s offshore schemes is heartbreaking. How do they sleep at night knowing they’ve destroyed lives?
by: Brittany Scott
DAO Group Ltd is nothing but a high-level scam operation. $10,000 lost in manipulated trades, and they keep making excuses. This is financial fraud at its worst!
by: Brianna Harper
I invested $15,000 in GoldmanOptions, trusting DAO Group Ltd, and now it’s all gone. No support, no refunds just silence. I feel completely devastated.