Do not invest with this entity
This entity appears in one or more regulatory or sanctions lists (SEC PAUSE, DFPI, OpenSanctions). Report to the FBI IC3 at ic3.gov and the FTC at reportfraud.ftc.gov.
AEL Exchange Wealth Management LTDaelexchange.comAELs-Exchange.com wealthfrontstock.com
Investment / sanctions alert · dfpi
DFPI — Victim narrative (California)
Two California residents report on their experience with a fraudulent crypto asset exchange operating at AELs-Exchange.com. The first victim reports seeing an ad on Instagram inviting people to join a WhatsApp group claiming to help group members make money through trading, based on signals of someone claiming to work for a well known investment company. Following the group members’ instructions, the victim downloaded the AEL platform, sent crypto assets to the account, and subsequently executed trades based on their trading signals. After lots of ups and down, the group was told all the money
Estimated loss: $23,000
Type: Investment Group Scam | Fraudulent Trading Platform | Imposter Scam
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What to do if you were targeted
- 1.Stop all transfers immediately.
- 2.Contact your bank or wire transfer service to attempt a recall.
- 3.File a complaint with the FBI IC3 at ic3.gov.
- 4.Report to the FTC at reportfraud.ftc.gov.
- 5.Report to your state securities regulator via nasaa.org.