Grasp Key Financial institution is a brand new rip-off from serial fraudster Antoun Toubia.
This time it’s “AI” and banking fraud.
Grasp Key Financial institution’s web site area (“masterkeybank.com”), was first registered again in October 2021. The personal registration was final up to date on December twenty third, 2022.
By means of the WayBack Machine we will see that “masterkeybank.com” was on the market shortly after it was first registered.
This means the present proprietor took possession of the area on or round December 2022.
To that finish Grasp Key Financial institution fails to supply possession or government data on its web site.
A go to to Grasp Key Financial institution’s web site is interrupted with a login/signup kind:
With a little bit of looking out round you’ll come throughout Grasp Key Financial institution advertising and marketing movies on YouTube.
These movies current fictional CGI robo-dub identities as Grasp Key Financial institution executives.
Over on LinkedIn we discover out who’s really behind Grasp Key Financial institution:
Antoun Toubia is a serial fraudster, whose historical past we’ll get into later. Final I heard Toubia, believed to be a Lebanese nationwide, was in Georgia (the nation).
If that’s nonetheless the case, presumably Georgia is the place Grasp Key Financial institution is being operated from.
The final pitch of Grasp Key Financial institution is that’s it’s an AI powered e-bank that doesn’t exist but, blahblahblah blockchain.
Based on the ideas of transparency, safety and accessibility, Grasp Key Financial institution make the most of cutting-edge AI and blockchain know-how to supply its clients with unparalleled service.
The funding alternative?
The financial institution is at present promoting founder positions, giving people the chance to turn out to be homeowners of the financial institution.
Grasp Key Financial institution is at present within the technique of making use of for full banking licenses in nations world wide.
Promoting shares, digital or in any other case, with out registering an organization with monetary regulators constitutes securities fraud.
Promoting shares in an organization that doesn’t even exist but is much more fraudulent.
From Grasp Key Financial institution’s advertising and marketing movies I’ve been capable of confirm shares are being bought for 1 cent every.
Associates should purchase combo share positions for $300, or $1000 for a “founder place”.
A 5% to fifteen% referral fee is paid on recruitment of affiliate buyers. The precise proportion paid out is purportedly decided by what number of founder place affiliate’s you’ve personally recruited.
Whether or not Grasp Key Financial institution has an connected MLM compensation plan is unclear (the web site is locked off).
I additionally wish to notice that even in case you purchase into the advertising and marketing BS, it stands to purpose that no authentic regulatory authority on the planet goes to provide a banking license to a sham firm headed up by fictional CGI executives.
From Grasp Key Financial institution’s advertising and marketing pitch;
The financial institution guarantees to by no means freeze accounts or ask pointless questions on transfers, so long as correct “Know Your Buyer” (KYC) protocols are adopted.
If fraud is suspected, banks don’t have a selection with regards to freezing accounts or querying clients. They should in an effort to cowl themselves within the occasion authorities examine and take motion.
Nonsense like “we’re not going to freeze accounts or ask questions” additional emphasizes how a lot of a sham Grasp Key Financial institution is.
On the cash aspect of issues affiliate buyers are led to consider their shares might be value one thing sooner or later.
Grasp Key Financial institution associates make investments on the promise of month-to-month returns:
And there’s additionally staking funding fraud:
All of this must be registered with monetary regulators, and none of it’s.
BehindMLM first got here throughout Antoun Toubia by United Capital Investments in 2019.
UCI buyers had been pitched a ten,000% ROI over 40 weeks. The apparent Ponzi scheme adopted Toubia’s earlier exploits; Pebex, SprinkleCoin and UCI Coin.
United Capital Investments collapsed or started collapsing someday in late 2019. Victims had been ultimately funnelled into “The Swedish Belief” in early 2021.
The Swedish Belief turned out to be one more car for Toubia to siphon cash from gullible buyers by. BehindMLM revisited the scheme in March 2022.
In a since-deleted late 2021 advertising and marketing video, Toubia claimed The Swedish Belief collapsed on account of COVID-19 and “household points”.
After The Swedish Belief got here the British Enterprise Bureau.
Toubia registered the UK shell firm in February 2022 with a $2 billion USD assertion of capital (UK incorporation fraud is rampant so don’t learn into that determine).
Identical playbook; nugatory shares flogged on the promise of riches.
Enterprise Bureau Britain remains to be included within the UK, however nothing has been filed since its Feb 2022 Assertion of Capital.
And that brings us to Grasp Key Financial institution. New yr, new rip-off.
BehindMLM documenting Toubia’s fraud stemming from the UCI MLM alternative hasn’t gone unnoticed.
In Could 2022 Toubia despatched BehindMLM the next e mail;
Hiya Oz,
Sorry for my message, i noticed that article, and it’s fully not proper, i actually haven’t any hatred in opposition to you, i’ll delete my article on
medium that i’ve written earlier than about you, i do know you are attempting to assist expose scams and so forth.However please give me an opportunity to clarify that the data they gave you about me isn’t proper in any respect.
I’m a devoted father of two little ladies. And that i did all the things by the e book. I’m able to reply your questions and clear the confusion, i ask you as a result of i do know you continue to have an enormous coronary heart and humanity in your coronary heart.
And i actually apologize for something impolite or offensive that got here from my aspect. I’m not right here to get any data from you in any respect. I’m right here simply to ask you as a human to contemplate removing of the articles you wrote about me, for the sake of my little two ladies, and for the sake of 500+ buyers and their future, that they’re prepared additionally to write down to u and make sure that what Hester and Reality Teller wrote is simply delusional and false data.
I’m not telling you that i’m the relative of mom theresa, however i’m a person of excellent coronary heart, and whoever wrote badly about me is simply offended as a result of we failed within the challenge that they’re includes in they usually now assume they’re sherlock holmes they usually come witb all these fantasies.
Please i do know that you’ve got a coronary heart to hear.
Thanks for studying my e mail, and that i hope you think about my request.
Regards,
Antoun toubia
To which I replied;
Hello,
I stand by my very own analysis. Be at liberty to level out any errors within the article correct and I’ll tackle them.
The article largely quotes and analyzes your individual phrases, so I don’t see how any errors had been made until they had been in your half.
I additionally don’t respect hypothesis on my analysis course of. It differs for any given article.
I can’t converse to the accuracy of feedback left by readers. You’ll have to handle them your self.
My curiosity in you doesn’t prolong past the MLM business. You can very nicely be Mom Teresa, I’d nonetheless solely cowl your MLM exploits.
This prompted a forwards and backwards, all through which I maintained BehindMLM wouldn’t be taking down our protection of Toubia’s exploits.
I didn’t trouble responding to Toubia’s final August fifth e mail;
I’m not working a ponzy scheme, it’s simply your opinion, however i heard tales your ego could be very excessive, and you do not need to be confirmed unsuitable, so there is no such thing as a resolution for you, hold this fashion of evil deeds and inflicting hurt to harmless folks, in case you assume there is no such thing as a god, you can see out quickly how mighty is god.
Don’t assume that will probably be left unpunished. I now know that every one the issues written about you on-line are actual, that you’re not a human, and haven’t any mercy or coronary heart, you might be simply evil after the cash, you might be no totally different than all of the scammers and terrorists on the market.
God have mercy in your soul.
regards,
Antoun Toubia
Outdoors of outright fraud, the frequent theme in Toubia’s exploits is simply he and people he works with make any cash.
Grasp Key Financial institution, albeit nonetheless in its early levels, received’t be any totally different.