Two weeks after the Ponzi scheme
collapsed
, the UK has finally issued an ITP Corp securities fraud warning.

As per the
FCA’s December 5th warning
, ITP Corp

may be providing or promoting financial services or products without our permission. You should avoid dealing with this firm and beware of scams.

This firm is not authorised by us and may be targeting people in the UK.

The FCA cites “newitp.club” as ITP Corp’s website. ITP Corp’s
recovery scam
launched through “itplb.com”. The FCA’s cited .CLUB domain appears to be yet another layer to the ITP Corp Ponzi scheme.

Due to the
website domain merry-go-round
, it’s difficult to peg how many ITP Corp victims there are. What we do know though is the majority of them are from the UK.

Being a
Chinese “click a button” app Ponzi
, beyond the FCA’s warning it’s unlikely UK authorities will take further action against ITP Corp.

Despite withdrawals being disabled on or around November 20th, as of December 2nd ITP Corp is still running new investment promos.

Total ITP Corp victim losses remain unknown.

🤖 Quick Answer

What did the UK Financial Conduct Authority warn about ITP Corp?
The FCA issued a December 5th warning stating that ITP Corp may provide or promote financial services without authorization. The firm targets UK residents and operates through multiple domains including "newitp.club" and "itplb.com." Authorities advise avoiding dealings with this unauthorized company due to documented fraud and Ponzi scheme activities.

How does ITP Corp's domain strategy complicate fraud investigations?
ITP Corp operates through multiple website domains in a rotating pattern, making victim identification difficult. The use of various domains like "newitp.club" and "itplb.com" creates layers of obfuscation. This "domain merry-go-round" strategy complicates regulatory tracking and prevents accurate assessment of total victim numbers affected by the scheme.

What is the primary geographic focus of ITP Corp's fraudulent activity?

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