Dumbll Limited Reports & Reviews

Dumbll Limited Reports & Reviews (5)

Sophisticated Scam Broker- Fake tax collection in crypto no tax forms, no tax info given

You will be lowered in by a woman to invest, after trading when you try to withdraw over $6000 you will be advised must pay them and additional $24000 to withdraw any profit $60000 of which $29621 was deposited. YOU FILL out no tax document or get any TAX FORM to prove you paid. They just want you to lodge fake tax so they can scam more money out of you. Every platform will pay you and you can pay your own taxes to your gov or they will deduct the tax. Not at dumbll either the woman will pressure you to lodge more or broker will try to make you pay more and you will never be able to withdraw anything. they have their own tax rate for everyone regardless of where your from. Sophistication comes from tricking you to deposit more and more and using grey areas not to pay out. I am an accountant auditor that knows the tax laws and law abiding citizen. When I report this fraud why I cannot pay my loan has been stolen, DUMBLL will be investigated by INTERPOOL, as they were warned. They are so use to getting away with this that they are hardened cheats. Warning stay away. from DUMBLLMARKETS.COM,,

Useful

Dumbllmarket limited scam company

I was befriended on FB dating by a chinese woman on the 10th August 2021 claiming to spend her spare time investing in GOLD vs USA $(XAUUSD1).She was gettin trading information from her uncle. I was coaxed to invest by buying cryptocurrency through crypto.com and lodging these investments in dumbllmarket who provided an ETHERIUM address for trading. My initial investment was less that $2000. When I tried to withdraw my money that is when everything took a nasty turn. This woman lodged money to my trading account without my consent and justified her action by saying she was helping me to invest more which I had no interest in. These funds were seen as suspicious and my account was flagged. I was then forced to pay a 50% deposit to have my account cleared of any abnormalities or else they would freeze my account. I reluctantly paid this fee to unfreeze my account but because I wasn't a VIP user I was unable to withdraw my funds immediately and was told that it could take up to 6 months to see them in my bank account. They made me an offer to ungrade to VIP status which would enable me to do so. I did but again they said I had suspicious funds in my account which was crazy because they were the same funds that apparently made my account suspicious the first time. They asked for a personal guarantee of $5,000 and proof of where the funds came from. Once again I paid reluctantly and had to contact this Chinese woman who got me into this mess in order for her to prove the transaction. After my account was cleared of any wrong doing I was asked to rebind my card information to my account inorder to transfer my funds to my bank account because the original website was updated all previous data w[censored]d. I added my details and they claimed they tried to transfer funds but it was unsuccessful and again they demanded more fees to be paid as a personal guarantee. I contacted this Chinese woman to help me bind my card correctly, but because if the inactivity of my account I was forced to trade 10 times which I did but afterwards was asked to pay 40% tax on the profits which was definitely incorrect as Capital gains tax is paid after you receive funds in your account and it's 33% in my country. They said that after 35,500 earned that it goes to 40%. True but that is income tax. They probably just googled the numbers for my country. I'm not at a loss of EUR42,499.10 to these criminals but I have not given up hope. I believe I will find a way to make them accountable for there actions and there are so many more like me out there. We need to our voices heard. I have posted my experience on several websites in order for governments and financial review and fraud experts. I believe it is only a matter if time before their scam comes to an end

Useful

Initial means of contact Not applicable

Was her name jenny yang? And yes, I got screwed big time. Went to the FBI. Basically told me I was not getting my money back.

Useful

Thank you for the information, this happened to me too !

Useful

Scammer's website dumbllmarket.com
Scammer's address 60 Atlantic Avenue Suite 300, Toronto, ON M6K 1X9, CAN
Scammer's email [email protected]
Total money lost $170,000
Type of a scam Investment

I was recommended by a guy to start trading with ******* ****** in Jun’21 (online FOREX trading) via the trading platform MetaTrader5 then they changed to Dumbll Limited (Corporation number 1324646-9 and Business number 783758204RC0001) on 29 Aug and my account was transferred to Dumbll Limited. Multiple deposits were made to my account via cryptocurrency transfers in June and July. Then in August I requested a withdrawal, the company has then asked me to pay various transaction fees to complete the withdrawal. However they did not tell me all the fees I have to pay at once, it was only after I made one payment then they will say there is another fee I need to pay, despite after each payment they would say my withdrawal will be with me within a few days but it has never happened. This has happened 5-6 times consecutively for further payments and being desperate to get my money back I completed the payment one after the other in the hope that I could receive my funds from my withdrawal. In total I have made the following payments:

- tax and transaction fee under old account with ******* ****** as I initiated my withdrawal before the company changed name

- requested transaction fee, deposit for the safety of my funds, VIP fee (as I was told my withdrawal ranking was 56,897 and being a VIP user will guarantee withdrawal in 2 days), commission fee

- then further tax and commission fee on the new profits as I was told my Dumbll account was inactive (despite my account was being transferred from ******* to Dumbll) and requested me to complete at least 5 transactions with minimum profits of $60k. I disputed heavily with the customer service and their response was they would terminate my account if I don’t comply with their instructions. Afraid of losing my funds, unwillingly, I completed the transactions as desperate for my money back

Then after making all these payments in excess of $110k, they claimed one of the transfers were illegal and from outside the country, they requested for a copy of my personal ID to be sent to them via online chat and a further security deposit of $30k. I requested proof of the accusation, but no evidence was provided. As the funds were transferred from a crypto.com, I do not believe they have the ability to know the source of the fund hence this does not make sense to me and they are clearly inappropriately requesting for more money from me. Now they said because of the illegal fund they will permanently freeze my account and delete my account. I will not have access to my funds anymore and the amount will be transferred to the MetaTrader5 International Account. They are illegally withholding my funds and requested multiple payments from me and in the end not processing my withdrawal and keeping all my money.

I have been unable to contact the company directly in the following ways:

- email them at [email protected] (email address provided in the company website), emails not delivered

- replying to emails they sent to me at [email protected], no response

- using the 'message me' function provided in the company website, no response

- also tried emailing [email protected], no response

The only way to contact them is via the online chat function on the website with their customer service and the only thing they tell me is that I need to make the security deposit otherwise they will permanently freeze my account. They have now blocked me from messaging them on the online chat and cut off all means of communications so they can just take all my money.

Note that I am based in the UK however I would like to report this company registered in Canadian through this platform as it's absolutely relevant and should be investigated to avoid others falling into the same trap. My Country, State and Postal Code information cannot be updated below to reflect the my accurate residential information in the UK.

Useful

Dumbll Limited Contacts

E-mails:

If you know any contact information for Dumbll Limited, help other victims by adding it!

Dumbll Limited