Around the first quarter in 2021, after studying the cryptocurrency markets, Marco Oliva devised his own version of a ponzi scheme.
He reached out to one or two individuals and presented to them some convincing strategies of how he would invest into cryptocurrency markets & through his various formulas, showed some strong returns in a short space of time. Initially, the early investors benefited from his services by receiving returns on their investment. However, this was all part of the plan to win over their trust and introduce others from their wider network to invest with Marco. We have come to learn that over the course of the year, up to 35 individuals (quite possibly a lot more, but this number is one we can verify) have bought in to Marco’s investment scam and have lost their entire initial investment, paid in crypto (mostly USDT) or in fiat. From these investors, a total of over €15m was invested into Marco’s fund, with almost all of it stolen to fund his lifestyle. This is also proven with some large purchases paid in crypto very soon after receiving investment.
Now the obvious question is how did he manage to con these investors into parting with their money? The answer is through various forged documents and contracts, reports/graphs showing large returns, formulas that complimented the crypto market trends at the time & also recommendations from those who initially received their profits from when he first started, but were oblivious to the fact that they were merely pawns in Marco’s long-term game.
According to the ‘Crypto Investment Fund Agreement’, Marco’s company,
‘Aidia FZ LLE will give you the benefit of our continuing study of market conditions, will do future trading, ICO’s and spot trading, Aidia FZ LLE shall provide advice from time to time regarding the allocation of your assets, including the specific allocation of the crypto currency investments’.These agreements also advised on how they could increase or decrease their investment, when could payouts be collected & how frequently Marco would provide updates via statements. He would also take ‘advisory fees’ for ‘assets under management’, typically 20% profits & 2% on any wire transfer. There are also disclaimers in this contract where Marco attempts to divert any risk away from Aidia FZ LLE. However, in conversations with the investors you can see how persistent he is in chasing for investment. We have included as much proof in the ‘Evidence’ section to support our claims from various sources that have directly come in contact with Marco through various means. This would include contracts he would send to each investor, conversations he’s held with them, proof of payments made to his fund, his own personal details he would share to win over their trust, fake trade agreements he alleged to have in the UAE and other forged documents including an agreement with a German company who invested €500M into his fund that we later discovered that the investor has no knowledge of Marco or his fund. We came to learn of another fake contract Marco forged claiming to have received an investment from a British-based consultants company. Upon chasing this up, the company also stated to have ‘no association’ with Marco and issued a ‘seize and desist’ instruction.
To view all the information we have gathered to support our claims, please refer to the ‘Evidence’ and ‘Conversations’ section of our website where you can witness all the forged and fabricated material and more that Marco assembled to devise his scam.
Please note, it is highly likely that there are more individuals who may have been impacted by Marco’s scheming methods that we are unaware of. Please contact us if you or someone you know has been a victim of a Marco Oliva scam.
For more information on this latest update and more, please visit the ‘Updates’ page of this site.
Please note, it is highly likely that there are more individuals who may have been impacted by Marco’s scheming methods that we are unaware of. Please contact us via email to: [email protected] if you or someone you know has been a victim of a Marco Oliva scam.