SCAMExcellence & Innovation Fortune Business School Reports & Reviews (1)
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Details of the scam are as follows:
Victim: My 70-year-old elderly father has been scammed by EIF School and Ichcoin Tech Corp.
Financial Loss: My father invested his entire 401k savings, utilized credit cards, and took out a $50,000 "loan" from Ichcoin Tech Corp, totaling approximately $80,000. He was promised returns based on cryptocurrency investments in MDV, with the EIF school claiming he had won $1.5 million.
Coercion for Payment: The scammers demanded repayment of the loan or a sum of $10,000 by the end of day April 26, 2024, to access the alleged winnings.
Identity Confusion: The ownership of EIF School appears to be misrepresented. While my father was informed that LQ owns the school and works with a merchant named Edward, the website lists Lauren Brown Sebell as the owner. Linton also doesn’t come up on any people searches and legal searches. The phone number 1-415-513-5904 on the EIF app also doesn't ring or go through.
Communication: My father primarily communicated through an application provided by EIF School, where individuals share their experiences with their supposed winnings. What they bought like house and cars. Also encouraging others to have their spouse sell possessions like jewelry to secure their "winnings". He reports not having any phone conversations and solely relied on messaging through the application.
Possible Identity Theft: He provided these entities copies of his ID and social security card. We now have fears of identity theft.
This fraudulent scheme has had devastating consequences on my family's financial stability and has caused immense distress. It preys on vulnerable individuals, particularly the elderly, who may be less familiar with such sophisticated scams.
I urge the FTC, SEC, FBI and media to investigate EIF School, Ichcoin Tech Corp, and any associated entities promptly. Measures should be taken to shut down their operations, hold the perpetrators accountable, and provide assistance to victims.