Launched in May 2023, the rooseveltassets.com website operates a cryptocurrency investment scheme that has defrauded investors across several continents. The operation uses a fake identity, claiming two decades of experience for a domain registered only months ago.
The website, rooseveltassets.com, was registered with privacy protection masking its true operators. It falsely claims a twenty-year operational history, a stark contrast to its actual registration date. Photoshopped images present fictitious satisfied customers, and a purported UK corporate address on the site redirects to a Russian-language Google Maps page. This redirect strongly suggests Eastern European control, likely from operators in Russia or Ukraine, complicating any international legal recourse.
Roosevelt Assets sells no actual product or service. Its entire business model centers on recruiting new members and their subsequent investments. There is no legitimate revenue stream from trading, mining, or any other real-world economic activity. This fundamental absence of a genuine offering, coupled with a heavy emphasis on recruitment, is a key indicator of a pyramid scheme and a Ponzi operation.
The scheme entices participants with high daily returns. Initial investments from $10 to $500 are promised 1.4% daily for 15 days. Larger deposits, up to $50,000, allegedly yield 3% daily over 50 days. These daily return rates, spanning from 1.4% to 3%, are mathematically unsustainable. No legitimate investment can consistently generate such high, guaranteed daily profits, and these figures are characteristic of a Ponzi structure designed for inevitable collapse.
A ten-level referral system funnels money upwards. Direct recruits generate a 7% commission for their referrer, providing a strong incentive for existing members to bring in new investors. Second-level recruits add 2%, with commissions diminishing to 1% at levels three through five, and further to 0.5% at levels six through ten. This multi-level compensation structure ensures that early participants are paid with funds from later investors, forming the core mechanism of the fraud.
The operation violates financial regulations in multiple jurisdictions, even as it attempts to project legitimacy through fake addresses. In October 2023, the UK's Financial Conduct Authority (FCA) specifically banned multi-level marketing (MLM) cryptocurrency investment schemes, citing the inherent risks and fraudulent nature of such models. Despite listing a fake UK address, Roosevelt Assets conducts business in a manner expressly prohibited by FCA rules, operating outside any recognized regulatory framework.
The Roosevelt Assets website employs stolen identities for its purported executive team, a common tactic in online scams. There is no transparency regarding who manages investor funds, determines payouts, or where deposits are held. This anonymity protects the true operators while exposing investors to significant and unmitigated risk, as there is no accountability for the funds once they are transferred.
Such schemes follow a predictable pattern. Early investors receive payouts, funded by the deposits of later participants, creating an illusion of profitability and success. As the flow of new money slows, often due to market saturation or increased skepticism, the system cannot meet its promised returns. Many investors, desperate to recoup their initial losses, resort to recruiting friends and family, inadvertently drawing them into the same fraud. The operation then typically disappears, often transferring its domain to a new registrant and rebranding under a different name to evade detection and continue the fraud cycle.
Victims of Roosevelt Assets, or similar crypto investment frauds, should immediately cease all payments and gather comprehensive records. This includes transaction details, all communications with the scheme's operators, and screenshots of the website and any marketing materials. These details are crucial for reporting the fraud to national financial regulators, such as the UK's Financial Conduct Authority, the US Securities and Exchange Commission, or the relevant law enforcement agencies in their home countries. Reporting to the Internet Crime Complaint Center (IC3) for US victims, or Action Fraud in the UK, also provides essential avenues for potential recovery efforts and contributes to broader law enforcement investigations.