⚠️EXPOSED! THE SECRET CRYPTO SCAM THAT'S STEALING MILLIONS FROM PEOPLE BY BUILDING FAKE TRUST⚠️
The Grand Finale: The "New Coin" Launch (ICO) After weeks of showing you profits on their website—profits that are just pixels on a screen, not real money—they will set up their final trap. They will announce an "exclusive" event called an ICO (Initial Coin Offering).
The "ElitePalace" website is not a legitimate investment firm; it is a sophisticated financial trap known by law enforcement as "Pig Butchering." The name comes from the farmers' practice of fattening up livestock before the slaughter. In this case, the scammers "fatten" you up with months of fake friendship and artificial profits on a screen, only to take everything in one final move.
Who is actually behind this? While the person messaging you may seem kind, polite, and successful, they are likely not who they say they are. Intelligence agencies have traced these operations to massive, organized criminal compounds in Southeast Asia, specifically in remote regions of Myanmar (Burma). These are not small-time crooks; they are industrial-scale "boiler rooms" run by foreign syndicates that employ thousands of people. Their only job is to build trust with you solely to steal your retirement savings.
Think of an ICO like a company "going public" on the stock market (an IPO), where getting in early can lead to huge wealth. They use this event to manufacture excitement and urgency.
How They Use Excitement to Demand a Wire Transfer: They turn this fake event into a thrilling opportunity. They will tell you that this new coin is the "next Bitcoin" and that because you are a VIP client, you have a rare chance to buy it for pennies before it sells to the public for dollars.
They create a frenzy, acting as if they are letting you in on a Wall Street secret. They might say, "We are going to make history together!" or "This will change your family's life forever!"
The Trap: Once they have you excited about these guaranteed profits, they spring the trap:
The "Fresh Money" Rule: Even though your account shows you have plenty of money in profits, they will tell you that you cannot use those funds to buy into this special launch.
The Wire Transfer: They will claim that to participate, you must send "fresh capital" directly from your bank via wire transfer. They will say this is due to "regulatory rules" or "early-bird requirements."
The Pressure: They will push you to go to the bank immediately, warning that if you don't wire the cash today, the opportunity will close and you will miss out on the celebration.
The Hard Reality There is no new coin. There is no special launch. The excitement is manufactured to make you act without thinking. The moment you wire money for this "special opportunity," it goes straight to the criminal syndicates in Southeast Asia. The numbers on your ElitePalace account might update to show you own millions of these new coins, but you will never be able to sell them. This "ICO" is simply their exit strategy to drain your bank account one last time before they disappear.
Guaranteed Returns: No legitimate ICO guarantees a specific ROI (e.g., "Guaranteed 300% on launch day").
Pressure: Real investments don't require you to decide within 2 hours.
New Capital Only: If you made $50,000 in "profits" on their platform, why can't you use that money to buy the ICO? Because that money isn't real. They need real cash from your bank.
Learn more how this crypto scam works.
The "Hawthorne" scam relies heavily on fabricating a prestigious family dynasty to build trust. Utilizing generated personas such as Graham, Stephen, Russell, and Prescott Hawthorne—and associates like Marcus Hawthorne, Alec Merritt, and Tessa Marlowee—they head fraudulent investment groups.
These characters are presented as elite financial gurus or philanthropists, often backed by fictitious biographies and stolen stock images to create a facade of generational wealth. Investigation reveals that these names are merely front-end variables; when one "Hawthorne" persona is associated with fraud online, the syndicate simply rotates to another while keeping the underlying infrastructure intact. Victims are lured into WhatsApp and Signal groups under the pretense of joining a "VIP" inner circle. These sessions position the figurehead as a benevolent mentor who shares "insider" trading signals, effectively grooming victims to bypass their natural skepticism.