Original language : English
Date : Fri 28 Aug 2026 12:30:42
Project : VirPoint
Author : Anonymous
Risk : Danger
Category : finance investment broker
Fake exchange Virpoint and the illusion of profits with a shill trader

User Prize_Effect_1584 shared a heartbreaking story of how her husband lost £50,000 on the Virpoint platform. According to her, her husband traded stocks for about seven months under the guidance of a friendly financial manager. On his screen, he watched his capital grow by £30,000. To dispel his wife's doubts, the manager even transferred £1,000 back to them, proving that withdrawals work. But as soon as the husband refused to make new deposits, the manager allegedly went on sick leave, and an aggressive employee took his place. He began making losing trades, and in the end, the family lost all the invested money.

In the comments, users explained that no real trading was taking place. According to user UpbeatFix7299, it was a scam from the very beginning, and the money most likely went to a Chinese organized crime group. User Snoron added that the platform simply displayed a fake interface mimicking real stock quotes. User WickedWeedle pointed out that the returned £1,000 is a classic trick in long-running scams, designed to lull the victim into a false sense of security and squeeze even more money out of them. The UK financial regulator (FCA) has even issued an official warning about Virpoint, with a link available on the regulator's website.

User analoguewavefront warned that the family could now be targeted for a second scam. Fraudsters often contact victims posing as "lawyers" or "hackers" who can recover the lost money for a small fee — this is the so-called recovery scam. User voodoobunny999 added that the husband's details have now been placed on "easy prey" lists and will be resold to other scammers. Commenters also expressed bewilderment as to why an unregulated offshore platform was chosen for trading in the first place, when the UK has plenty of reputable and licensed brokers.

url

domain explore registered registrar score average
virpoint.com March 10, 2025 NameCheap, Inc. 10 10.0

source

https://www.reddit.com/r/Scams/comments/1uasmq1/uk_scammed_yesterday_for_50k_devastated/

Trust Rating Lost ~ 67872 $

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