VXL Dollar is a new scam coin. Other names for this new crypto scam are VXL Bank and VXLD.
They have been receiving allegations of fraud online.
In the following post, I have shared a detailed collection of posts against VXL Dollar to help you understand why you should avoid investing with them.
According to the above reviewer, VXL Dollar is a fraud. He lost 175 bitcoin with the company and is preparing to file a lawsuit against the firm.
According to the reviewer, the people running VXLD are based in Marbella, Spain. However, they are focused on attracting clients from Dubai, Monaco and Ibiza.
The reviewer reveals that VXL Dollar isn’t the first fraudulent venture of these people. Their initial scam was an offshore bank with the name VXL Bank.
They launched the bank in a small African country and added several high-profile people to their Board. This included Francisco de Borbon von Handerberg, a member of Spain’s royal family.
Other notable people promoting VXL Dollar are Bijar Burnard and Reza Ebrat. Before this scam, they were running vxl.network but they have deleted that website.
The reviewer warns other crypto enthusiasts to avoid investing in VXLD.
He highlights that the people behind this crypto scam take an unorthodox approach to promote the scam. They don’t promote the scam on exchanges or online. Instead, they target people in parties and social gatherings.
A previous post by this reviewer reveals more details on this scam.
“VXL Dollar isn’t the First Scam of These People”
Here, the reviewer says VXL Dollar was promoting itself by claiming to have over $2 billion in gold as collateral due to their connection to the Spanish royal family.
However, the reviewer says it’s all lies.
Reza Ebrat and Bijan Burnard launched 10 different websites to run this scam.
The reviewer highlights they used to run scgtrust.com. However, they have deleted the website. Before the deletion, they used to claim scgtrust.com had given VXL bank the license to operate.
Certainly, it was a lie.
Also, they used to run ib-ex.com, another scam where they claimed to offer 36% interest per annum. The minimum deposit requirement to earn this interest was $500,000.
They have deleted this website as well.
Moreover, they used to run ariousgold.com. Here, they claimed to run a gold business but it’s been deleted like the rest.
Currently, they are running vxlbank.com to promote VXLD and get victims.
The reviewer claims VXL bank is a fake bank which falsely claims to have 250-300 employees. It only has a license from the Central Bank of the Sao Tome and Principe, two of the smallest African countries with no strict regulations.
Hence, you can’t trust the claims of VXL Bank, the financial backup of VXL Dollar.
In the post, the reviewer shared his complaints with the Financial Market Authority of Liechtenstein regarding the legality of SCG Trust.
The FMA responded by sharing that SCG Trust didn’t have a license from them. As a result, it was illegal for them to offer any financial services in their jurisdiction.
Moreover, the FMA recommended avoiding dealing with the website of SCG Trust, the so-called authority which licensed VXL Dollar to be a legit cryptocurrency.
After a while, the reviewer shared that Bijan Burnard deleted the website promptly.
Also, they used to share details about themselves on the website of VXL.Network. However, they stopped when victims started exposing their shady schemes.
Bijan Burnard and his wife, Alina Burnard have promoted VXL Dollar on their instagram accounts. Even though many people warned them that it’s a scam they don’t care and promote the fraudulent cryptocurrency regardless.
As part of the reviewer’s investigation, he contacted the financial enterprise of Abu Dhabi in the UAE, Abu Dhabi Investment Authority (ADIA).
In response, ADIA informed the reviewer that they are not affiliated to VXL Bank or VXL Dollar.
Furthermore, they told the reviewer that the company they are in contact with is not legitimate and it’s an attempted fraud.
The reviewer highlights that Bijan Burnard was even able to get Thomas Kramer to promote the scam. Thomas Kramer is a real estate mogul who ended up losing $200 million due to a court order.
VXL Dollar’s False Claim of Having Billions in Collateral
The reviewer shares that VXL Bank falsely claims to have billions worth of gold as collateral.
Above is a snippet of a post where VXL Dollar claims to have such collateral. The problem is, they deleted this post after the reviewer pointed out how they are based in a small African country with little to no regulation.
Moreover, because they claim to be based in such a remote location, it’s nearly impossible for consumers to verify their claims.
Also, VXL Dollar used to have the following “About Us” page on their website which they have now deleted:
Currently, they have no such webpage on their website. When you click the “About Us” button on the website of VXL Bank, you get redirected to their homepage:
Conclusion
After going through the above points, it’s obvious that VXL Dollar aka VXL Bank is not as reliable as it pretends to be.
The cryptocurrency offering has too many red flags.
Moreover, the way they tried to use the credibility of other reputed organizations by claiming to be their affiliates without having any affiliation, shows they lack ethics.
You should stay away from crypto ventures that lack any ethics as you might end up losing your entire investment.
For example, many clients of Tiger.Trade and Eurotrader have reported they have lost their deposits because of the shady operations of their platform.
Hence, avoid investing in VXL Dollar.
My name is Bijan Burnard and i am the director of lattice labs. We build technology for third parties, my name is mentioned in this article but I have nothing to do with the operation of this company accept building it for the vxl group. I assure as well that vxl has not scammed anyone and this article was written by enrico devito which is extortioner and you have a whole page on him as well. He wrote this initial fake claims on dirty scam and it was removed by the court. Please remove this especially my name it’s completely false information.
https://www.repdigger.com/alerts/enrico-devito/
Poor burnard scammer, we know you all in Marbella. What a shame for your mother Louise Burnard and what you did now, you scammed es well Alina Blinova Burnard??
Ridicolous.
in BitcoinTalk can be found all the criminal activity of Bijan Burnard, an aggressive scammer that not only continue to fraud and his operations with its partners but also attack online his victims adding years of jail request from the victims.
All the criminal activity of Burnard is well documented and can’t fool any reader.
He is spending money to delete the trace over the time but unfortunately the case is so huge that soon will be public on tv especially in Spain where he involved the Royal Family of Spain in his crimes.
AS MONACO BASKET was targeted by his new website born in 1 night, and informations logos and links from latticelabs.io where deleted already and even 2 peoples of the fake teams that were already connected to other websites of Burnard and crypto scam.
Also, you can find news of the Scottish and daily mail in UK about his illicit business in banking, debit cards and other fraud and money laundering activities.
We know all the individual attacked by Burnard as a trustworthy person with life destroyed but this group of criminals all documented in the hundred pages in the court. Not only, there are business and other investors already filed on the courts of Malaga, Seville and Madrid a case against this organised crime.
Soon will be all public.
The police of Monaco can contact us to http://www.borbonscam.com and [email protected] at any time, because already informed of the crimes committed using in the large number of website of Burnard using fake partnerships with the Government of Monaco, Royal Family of Spain, Dubai and Abu Dhabi government and central banks, Government of Spain and so on.
Thank you for reading.
I was scammed by them, and they said me Burnard of vxlbank blocked my money. I contacted Borbon and he said that the money is moved by ebrat and burnard. this are two guys have to be arrested.
You mean poor ENRICO DEVITO the renowned WORLD PSYCHOPATH SCAMMER AND EXTORTIONER hiding behind the name Borbonscam !!!! HE has more to worry about !
These court cases have been issued against him by the Spanish Court system, Austrian Court system, British Court system and now US court indictments. Please see below:
6 Counts of Racketeering
5 Counts of Extortion
5 Counts of Extortion through Third Party
3 Counts of Abuse towards a minor
3 Counts of Threats to Harm a minor
8 Counts of Defamation
6 Restraining orders
1 New York State Court Indictment for defamatory & False statements towards an individual and a company