FinUp Review: Cog In a Sophisticated Money-Stealing Machine
FinUp Review: Cog In a Sophisticated Money-Stealing Machine

Internet scams are becoming more and more complex each year. This time, in our FinUp review, we will pick apart and analyze one created by a known professional con artist.

From abusing peer pressure to utilizing advanced manipulation strategies, this group will take your money and smile while they do it. Read the remainder of our article to learn about ways to recover your funds.

Regulated by: Unregulated AI Trading Platform
Is This Company Safe? No, this is a known online fraud!
Known Websites: finup.ai
Have Warnings from: FMA, IOSCO, CNMV, Fi, A-TVP, FSMA
Registered in: Seychelles (parent company)
Operating since: 2024
Trading Platforms: FinUp AI Trading
Maximum Leverage: N/A
Minimum Deposit: 199.95 USDT
Deposit Bonus: N/A
Trading Assets: Cryptocurrencies
Free Demo Account: No
How to  Withdraw from This Company? This firm does not allow payouts—request help from our legal team to start a fund recovery procedure.

 Complex Fraudulent Scheme

The FinUp crypto scam is not just any textbook fraud. It’s actually part of a larger-scale unscrupulous project run by an individual known as Shelly Rose Cullen. This person is a notorious pyramid scheme promoter who has been ordered to pay over $5 million for fraud by the Commerce Commission of New Zealand.

The court case was finally brought to a conclusion in July 2024 after a several-year-long process.  

All Evidence Points to Scam

If you think that this disreputable website is the only one of Shelly Cullen’s projects, you’re in for a surprise. The financial regulatory body of New Zealand – FMA has published a detailed list of faux online trading sites related to the entire “Lion’s Share” affair. The alert was later reposted by IOSCO.

However, that is not the end of it. Dvyneways Limited is the main entity that the whole business is centered around, and it is, of course, not regulated by any financial institution. That’s why the FinUp AI hoax was also blacklisted by CNMV, Fi, A-TVP and FSMA

Online Fraud Spreads Like Wildfire

The fraudulent platform was created by a notorious pyramid scheme architect. This means that there’s a whole slew of social network profiles intended to promote the fraud. This includes profiles on Facebook, Instagram, YouTube and Telegram owned by the company itself. There are also affiliate fraudsters, who unapologetically create more posts.

Whether these people are aware of what they are a part of or not is irrelevant since the damage is very real. Here’s where the majority of the victims are from:

  • Ukraine
  • New Zealand
  • United Kingdom
  • Czech Republic

Access by Invitation Only

You can’t just stumble across the site and create an account. Well, technically, you can, but it remains unusable unless it’s connected to a Mavie.global account, with MaVie being the main financial pyramid. This perfectly projects the cult-like behavior of MLMs and pyramid schemes. They make their victims believe they are a hand-picked group of friends, given a unique opportunity outsiders can’t have.

The client dashboard, and by its extension the FinUp app, thus, remained off limits to us. When it comes to account types, we can see several different membership plans. These are charged as a recurring yearly payment rather than a one-time investment.

  • Starter – 199.95 USDT
  • Growth – 999.95 USDT
  • Pro – 2,999.95 USDT

Other plans are implicated as well, but to add to the confusion, the maximum account balance is mentioned instead:

  • Elite – 50,000 USDT
  • Premium – 250,000 USDT
  • Supreme – 1,000,000 USDT

The loophole the con artists have invented makes victims go through MaVie to purchase a membership. This is how the platform distances itself from managing user funds, even though it basically does exactly that.

Clever Ways to Omit Service Costs

Since the firm, on paper, does not manage client funds, it doesn’t outline any costs. Not on the website anyway, but as we stated before, we couldn’t access the client area and there aren’t many FinUp reviews that discuss this.

One thing that really caught our attention was the investment calculator. It’s a staple of hoax sites – you enter a number, push a few sliders left and right, and see your alleged investment grow exponentially. In this case, the calculator also shows what is called a “Success fee,” which is set at 35%. The membership selection page has a profit split of up to 50%. It is unclear whether these are combined, applied separately, or whether one overrides the other.

No Mention of Payouts

Another part of the whole “we don’t manage money, we just provide an app” narrative is that there is no such thing as a FinUp withdrawal. The Terms of Service document, although lengthy, never addresses any possibility of a payout from the platform.

No matter the type of fraud, the notion of a payout is always just a pretext to take your money. Similar entities, like Apex Bitcoin Mining, are known to ask for additional payments in an advance fee follow-up fraud.

If you require assistance in recovering funds from any such fraudulent business, contact our legal team by using the live chat.

Don’t Rely On Support For Help

Website visitors may only reach out to the help desk by email. Whether this is true for members is not openly discussed.

One way or the other, contacting help means getting back to the same people who have defrauded you. Most probably, they will simply ask for more money, as is usually the case with other cons like EuroDex.

There Is a Way to Get the Stolen Money Back!

While the documentation utilized by the various parties involved in this fraudulent scheme is mind-bogglingly complex, remember that it is completely separate from any legality.

Do not let these cybercriminals get away with stealing your cash! Book a free consultation with our professionals as you start working on recovery. We are available around the clock in the live chat on our page.

FAQ

Is FinUp a Legitimate AI Trading App?

No, it is an extension of a known financial pyramid. We strongly advise against investing in this company!

What Can I Do To Recover Lost Money?

Use the live chat on our site to book a free consultation with our recovery experts. You may reach out to our team at any time.

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Unfortunately, many users start reading reviews only after falling victim to scams. We sincerely hope that you are not one of them!
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