Tlctrading has been identified as a risky opportunity by Intelligence Commissioner users. It is similar to Upurex.com. We’ve received over 5 complaints against Tlctrading.
Tlctrading’s website, which was registered anonymously on March 12, 2024, as “tlctrading.ai,” doesn’t give any information about who owns or runs the business. The site’s social media links lead to Trade Like Crazy, a failed AI trading bot Ponzi scheme connected to Polish scammers. This suggests that the scam will likely continue under a different name. The related company, AP Imports LLC, which is based in Armenia and has unclear ties, makes people even less trusting. Because there aren’t any rules, the risks are even higher, making Tlctrading a likely scam.
Get Your Money Back From These Scammers!
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Key Takeaways
Is Tlctrading Regulated? Do They Have a License?
Tlctrading is not honest because its website doesn’t show who owns the company or who runs it. This lack of openness, along with strong ties to previous scams, makes it hard to believe that it is real. We secretly registered the domain “tlctrading.ai” on March 12, 2024. All of the social media links on the site lead to Trade Like Crazy accounts.
When it started in late 2023, Trade Like Crazy was an AI trading bot Ponzi plan that failed in the end. It was said to have something to do with Polish con artists. There is a strong link between Trade Like Crazy and Tlctrading, as the “tradelikecrazy.ai” name has been redirected to Tlctrading. This suggests that Trade Like Crazy is still going strong.
Tlctrading says it works with AP Imports LLC and says it was registered in Armenia on February 2, 2024. Armen Sargasyan is the only person named as a “participant” in the business. It’s interesting that a Boris CEO actor played Sargasyan in the Trade Like Crazy marketing videos, which are now private. Also, Trade Like Crazy’s YouTube page has been renamed “tlctrading.ai” and all of its old videos have been removed.
The lack of regulation or the presence of poor regulation is a huge red flag. It means Tlctrading is a scam and most likely, an illegal operation.
Companies offering investment services or opportunities without having a license can vanish without leaving a trace. Furthermore, the lack of a regulatory license allows them to get away with it and face no legal consequences.
That’s why it’s vital for you to always check a company’s regulation status as well as its license information. The presence of a license allows consumers to reach out to an authority if something goes wrong.
In the case of Tlctrading, victims have nowhere to go due to the absence of a watchdog or license.
You should ask yourself the following questions when you come across a new investment firm or opportunity:
- Does the investment provider maintain transparency about its CEO?
- Do they have a license from a renowned regulatory authority?
- If the need arises, can I reach out to an authority to report this company as a scam?
Concerning Issues Present at Tlctrading
At first, Trade Like Crazy switched their Boris CEO character, but later they switched back to using pictures of the first actor in their marketing materials. Sal Khan is a big name in advertising for Trade Like Crazy, and he lives in Dubai. This place is important because it suggests that TLctrading might be run by Russian con artists who are also based in Dubai.
Affiliates can only promote the subscription itself; TLCC does not sell any goods or services that can be bought and sold. The plan involves investing in USDT with the promise of a 300% return. Tlctrading offers different levels of investments from $20 to $100,000, and its multi-level marketing compensation plan has up to fifteen levels, with the main focus being on fees for recruiting new members and getting new members to join.
However, it’s worth noting that many scammers disable their payment channels before shutting down their operations.
They might give you multiple reasons including:
- A technical error
- A glitch in their system
- Banking issues
- A “hacking attack”
And many others.
But in 9/10 cases, the scammers stop making payments and keep the money to themselves. Hence, the payment methods we discussed here might not work.
If you want to get your money back from a scammer, you’d need to file a chargeback.
Tlctrading Customer Service: Do They Handle Complaints Well?
When it comes to scammers, you should only measure the quality of their customer service if they respond to your complaint.
In the beginning, scammers tend to remain very accessible.
This means their representatives will keep calling you until you invest with them. Furthermore, they will act friendly and make it seem as if you’re one of their most valuable consumers.
However, they do all this just to win your trust.
Scammers understand that to convince someone to give them a large sum, they will need to seem like a friend.
Nevertheless, when you have invested a considerable amount of money and need to get it back, their customer support will become inaccessible.
All of a sudden, their numbers would either stop responding or become unavailable.
Still, they might remain accessible to convince you to invest further. Also, they might begin by making a few excuses regarding your payment.
However, in the end, customer support won’t resolve your issues and become increasingly unavailable.
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Tlctrading Reviews: What Do Others Say?
It’s worth noting that many scammers tend to purchase fake reviews. Buying fake reviews has become extremely easy and it’s a multi-million dollar industry.
Scammers like Tlctrading tend to purchase fake reviews for their online profiles to make themselves seem more credible.
TIME Magazine investigated the fake review industry and estimated it to be worth more than $150 million. Certainly, there are a ton of scammers who want to seem legitimate and a bunch of fake reviews is the most effective way to do so.
That’s why you shouldn’t trust Tlctrading reviews easily.
It’s easy to identify fake reviews as well. You should look out for 5-star reviews posted by temporary accounts (profiles that only posted 1 or 2 reviews on the platform). Also, you should see if the positive reviews share any detailed information about their experience with the firm or not.
In the case of Tlctrading, chances are, you wouldn’t find many legitimate reviews.
Another prominent way scammers like Tlctrading enhance their credibility is by burying negative reviews and complaints under a lot of fake reviews.
This way, when you’ll look up “Tlctrading reviews”, you might not find many complaints. Or, you might find them buried within numerous reviews praising Tlctrading.
You should always look out for consumer complaints. In the case of Tlctrading, the most common complaints I found were about:
- Poor customer support
- Delays in payments
- High fees
- Lack of transparency regarding their leadership team
- Aggressive sales staff
Do you have a similar complaint about Tlctrading? You can share your complaint in the comment section or submit an anonymous tip.
Is Tlctrading Legit Or a Scam?
Trading Like Crazy looks like a very sketchy business that has a lot of connections to other scams, like the Trade Like Crazy Ponzi scheme. It’s not clear who owns it, its registration seems sketchy, and it has direct ties to a well-known scam, all of which are big red flags.
Tlctrading is also very risky because it doesn’t offer any real goods or services and its compensation plan is based on recruiting new members and investing money, which is typical of Ponzi schemes. Potential investors should be very careful, because TLctrading’s structure and past make it look like it will fail and lose money in the same way that its predecessor did.
Tlctrading is an unregulated entity. Although they might fall under the jurisdiction of a watchdog, they don’t have the license to offer financial services to consumers.
The lack of a license means they are not answerable to any regulatory authority. As a result, the people behind Tlctrading can run away with your money without any prior notice. It would help if you were extremely cautious when dealing with an unregulated service provider.
The absence of a watchdog also means you cannot report to them to anyone.
Also, due to the absence of specific regulations, there is no provision protecting you from the insolvency of this entity. If they go bankrupt, you won’t be able to do anything about it.
Can You Trust Tlctrading?
All the evidence suggests that Tlctrading is a scam. If you have lost money to them, there is still a chance you can get it back.
To recover your funds, you’d need to file a chargeback.
Frequently Asked Questions
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How The Tlctrading Online Scam Works
Intelligence Commissioner investigates & reviews online money-making opportunities. We strive to provide critically helpful information to our readers and assist them in identifying scams. 
