Two residents of Armenia Rubik Abrahamyan, and Karen Avetisyan are suspected of being involved in a UK cryptocurrency scam.
Regulators at the UK Financial Conduct Authority (FCA) have said that AsicTrader, a supposed cryptocurrency broker, had been offering its services to retail investors in the UK without the requisite licensing, Financial Magnates reports.
The company purports to have an office in Scotland, but the paper has found out that the company does not have an office in Edinburgh. AsicTrader also lists a British phone number on its website, but the line turns out to be out of action.
The broker lists itself as being owned by a company, registered in the UK, called Hellax Corp.
According to the source, it is difficult to determine exactly who is behind the company, but one man – whose name, based on his signature, appears to be James Dickens – has signed all documents on behalf of the company.
Another firm is associated with both Dickens and the company address. Dastinway LLP is controlled by two residents of Armenia, Rubik Abrahamyan, and Karen Avetisyan.
Both Abrahamyan and Avetisyan appear to have been behind the scam Cryptobank UK.
“If it wasn’t them, then people representing their company were attempting to trick people into trading with Cryptobank UK as the firm attempted to ‘raise’ £500,000 ($651,000) for an initial-coin-offering,” Financial Magnates writes.