The Core Generic Capital scam website claims to offer international fund transfer and Forex trading services, but appears to be nothing more than a lure for unsuspecting would-be clients.
I heard about this site from someone who contacted me regarding the AMYE Crypto Trading Platform Scam. They were asking if the service was safe to use.
Although not a crypto-related site, I thought I’d look into it on their behalf as they’d already lost a substantial amount of money with AMYE.
Unfortunately, it soon became clear that Core Generic Capital is another fake financial services business operated purely as a shop window for the scammers.
What makes Core Generic Capital a scam?
There are a number of obvious read flags which show that Core Generic Capital is unlikely to be a real, legitimate financial services business.
These include:
- The domain was registered in July 2022, and has only been ordered for a year.
- There is no information about the team or the people behind the venture on the website. The ‘People’ page leads to a paragraph of generic text.
- The app links do not go to the official Android and Apple stores but are direct download packages.
- There are some incredibly dated, generic images on the websites showing an alleged Forex trading platform that the company claims to operate.
- The scammers have left the watermark on the cheaply designed logo in Google image search.
- Given this is a non-crypto site, there should be some form of official licensing or authority to perform Forex activities – there is no mention of this anywhere on the website.
- The blog page is actually just a feed of Google News stories.
- The alleged testimonials are fake and completely unrealistic, especially when they refer to business transacted over a number of years given the age of the website.
- The homepage shows the UK House of Parliament, yet there appears to be no link to the UK. The site claims to be based in Poland.
- The company registration number quoted on the website doesn’t appear to be related to any known register.
- The so-called live support comes via a free plugin – unlikely for a professional financial company.
Several people have contacted me with their accounts of losing money to this scam. I’ll be adding to this section on a regular basis.
"My friend and I have been scammed by CoreGeneric Capital for over $16,000 trading Forex. Easy to deposit into CoreGeneric account and shown made over $230,000 from trading signals, with many “users” claiming big money and easy withdrawals to pay for expenses. However, when my friend and I requested withdrawals they came up with rules requiring us to deposit more than $30,000 to be able to withdraw and when we refused they requested we pay for HMRC taxes with deposit of more money. When we refused they wanted us to send in copies of our Passport and all personal things to be allowed even though no such information needed when we crypto deposited into the account. This is scam!" Core Generic Capital review
This is undoubtedly a scam operation, possibly connected to or run by a group running other scams, including some in the cryptosphere.
Do not download the apps or send any cash to this operation – you’ll never see it again and probably be plagued by requests for more money for spurious reasons.
Please share this page, or information about this site, to help make as many people aware of this scam as possible.
Tips to avoiding crypto scams
Thorough research is the number one way of avoiding scams.
Web searches will usually quickly reveal if a company is legit or not, and if there’s no info available then that’s a massive red flag in itself.
Given the huge range of options available for any financial service imaginable, it’s easy to stick to safe, reputable companies.
Don’t part with any cash unless you’re absolutely sure it’s going to a real business and not into the hands of scammers.
You can read more about how to spot fake crypto websites here, or get in touch with a scam report.