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.
Monarch Capital Institute
Investment / sanctions alert · dfpi
DFPI — Victim narrative (California)
The victim clicked on an advertisement on Instagram to learn more about crypto asset trading. They were then contacted by Monarch Capital, which appeared to be operating through https://www.monarchcif.com/, and were directed to join a WhatsApp Group (Monarch Capital Instute i777) led by J. Robert, Jay and Emma. J. Robert told the victim they had been chosen to be part of a new algorithm test; if they deposited money on the crypto trading platform at https://h5.quantumledger.top/, J. Robert would provide trade signals to help funds grow. Following these trade signals, the victim believed their
Estimated loss: $100,000
Type: Investment Group Scam | Fraudulent Trading Platform
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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.