Profitosx24: New Evidence of an Elaborate Investment Scam Targeting UK Users
- WireNews
- 9 hours ago
- 3 min read
WireNews has uncovered further evidence of an organised investment fraud operating under the name “Profitosx24.” Following our earlier report, PayPal refunded one victim the full amount originally transferred. However, before that refund was processed, the victim — along with several others — had already been persuaded by two individuals, Nikolaos Stergiou and his associate Christos Psimolotis, to send an additional £1,200 via Revolut, the financial services company based in England.
In one particularly disturbing case, Stergiou and Psimolotis convinced a woman to send approximately £1,200, after which they showed her what appeared to be trading “profits.”
The fraudulent dashboard displayed supposed gains of €267,112.42, offset by active negative balances totalling €89,253.40, leaving a so-called “net free margin” of €166,631.24. When the woman attempted to close her positions and withdraw her available balance, Psimolotis claimed she had breached the account’s terms and subsequently blocked her access to the platform.
Before being locked out, the victim managed to capture screenshots of the account interface and the fraudsters’ identifying details, including their mobile numbers and photographs. The numbers used in communication with victims have included 07533 451017 (attributed to Nikolaos Stergiou) and 07863 578243 (attributed to Christos Psimolotis).
The operation falsely presents itself as a legitimate UK-registered company.
On their website and related materials, the following information is published:
“PROFITOS X24 - ETE CN3766109 – 21/2/2020 - Operating Trademark: www.profitosx24.io - Registered office address: 2nd Floor, Waverley House, 7–12 Noel Street, London, W1F 8GQ - Company Status: Active - Company Type: Private Limited Company Incorporated on: 18 April 2012 - Accounts: Next accounts made up to 30 April 2020 due by 31 January 2024 - Last accounts made up to 30 April 2025 - Confirmation statement: Next statement date 19 April 2026 due by 3 May 2026 - Last statement dated 19 April 2020.”
None of the above information is true. There is no trademark. The ETE CN3766109 reference is bogus. WireNews has confirmed that no company named Profitosx24 is registered with Companies House in the United Kingdom. Furthermore, the listed address at 2nd Floor, Waverley House, 7–12 Noel Street, London, W1F 8GQ is a virtual or serviced “Flexible Office” provided by CBRE, a global real estate firm. The contact for CBRE is Richard Smart, who can be reached at Richard.Smart@cbre.com. There is no evidence to suggest that CBRE or any of its employees are involved in or aware of this fraud; rather, the scammers appear to have listed the location to lend their operation false legitimacy.
The pattern of deception follows a familiar formula. Victims are first approached through social media or messaging platforms. After brief communication and apparent professionalism, they are encouraged to deposit small sums to a “trading” account. These deposits quickly appear to grow into large profits on fake trading dashboards designed to simulate legitimate market activity. When victims attempt to withdraw funds, they are met with excuses, false legal threats, and eventually blocked from their accounts.
Anyone who has had contact with Nikolaos Stergiou or Christos Psimolotis in connection with Profitosx24, or who has been asked to send money via Revolut, PayPal, or any other payment channel, should immediately preserve all communications, including messages, call logs, screenshots, receipts, and payment confirmations. Victims should report the matter to Action Fraud (Metropolitan Police) online or by calling 0300 123 2040.
Individuals who believe they may have been targeted are also encouraged to contact WireNews Limited with any relevant information that may assist in documenting the full extent of this fraud and in supporting the authorities’ ongoing investigations. WireNews will continue to monitor developments, liaise with payment service providers regarding possible recovery of funds, and publish verified updates as they become available.