Envestio p2p scam

I hope that everyone who has money in Envestio has by now noticed that their website is down. Before the site was taken down, Envestio claimed to be the victim of a hacker attack. This is to 99.9% a hoax. Since the social media profiles of most Envestio staff members were deleted at the same time it is basically certain that Envestio is the next p2p scam.

The events of the past days were as follows:

  • Envestio stopped honoring withdrawal requests on January 12. From what I read in discussion groups, everyone who tried to withdraw money afterwards did not receive anything. I requested a withdrawal on January 12 and never received any money.
  • On January 16, Envestio made the announcement via email to investors that it can handle the buybacks and withdrawal requests and claimed to have between 500,000 and 800,000 EUR of liquidity. Also, Envestio claimed to have Mr Evgeniy Kukin reinstated as COO to calm down investors.
  • On January 21 the website was deleted from its hosting platform. At the same time, Envestio claimed on their Twitter channel that they are under attack from hackers. Since then, there is no word from Envestio. The phone line is disconnected, social media profiles disappeared and email addresses have been deleted at the email service provider.

So, Envestio is done. Legal proceedings will start the same way they do in the Kuetzal case and I recommend everyone who is affected to join the Telegram group t.me/envestiodiscussion.

Also, register here for a prospective group action against Envestio and file a crime report at the Estonian police. Furthermore, you should do the same in your home country.

Gather all emails that you got from Envestio to document your investments into loan projects, your deposits and your withdrawals. Provide this to the police.

In contrast to Kuetzal, the loan projects at Envestio do not seem to be fake at first glance, at least not all of them. Below is a list of all active loan projects, the company names, tax registration numbers and loan volumes. I saved this data a few days before Envestio went offline. These companies are at least officially registered in their respective home countries. They did pay taxes in the past. What needs to be clarified is whether these companies actually received loans from Envestio.

Borrower  Start Date    End Date Funding Target

8 “TogetherData” SP. Z O.O., Tax Reg.Nr PL527275… 2019-12-18 2020-12-18 € 500 000
5 “TogetherData” SP. Z O.O., Tax Reg.Nr PL527275… 2020-01-08 2021-01-08 € 500 000
3 “TogetherData” SP. Z O.O., Tax Reg.Nr PL527275… 2020-01-13 2021-01-13 € 500 000
42 ALL RECYCLING SIA, Reg. Nr. 40003802301, Latvia 2019-03-08 2020-02-08 € 500 000
41 ALL RECYCLING SIA, Reg. Nr. 40003802301, Latvia 2019-03-12 2020-02-12 € 500 000
40 ALL RECYCLING SIA, Reg. Nr. 40003802301, Latvia 2019-03-18 2020-02-18 € 500 000
2 ALL RECYCLING SIA, Reg. Nr. 40003802301, Latvia 2020-01-16 2020-07-16 € 200 000
36 Olympia Distribution Sp. z o.o. (Poland), Reg…. 2019-05-22 2020-01-22 € 500 000
9 SIA “Exter”, Reg.Nr 40003982702, Latvia 2019-12-17 2020-12-17 € 500 000
10 SIA “Exter”, Reg.Nr 40003982702, Latvia 2019-12-17 2020-12-17 € 500 000
4 SIA “Exter”, Reg.Nr 40003982702, Latvia 2020-01-07 2021-01-07 € 700 000
25 SIA MERKURS-RIGANTE, Reg. Nr. 40003214339, Latvia 2019-09-18 2020-05-18 € 700 000
0 SIA MERKURS-RIGANTE, Reg. Nr. 40003214339, Latvia 2020-01-17 2020-09-17 € 135 000
45 SIA “Baltic Real Estate Holding”, Reg. Nr. 500… 2018-06-15 2020-06-15 € 500 000
39 SIA “Baltreit”, Reg. Nr. 50003649181, Latvia 2019-04-19 2020-01-19 € 600 000
37 SIA “Baltreit”, Reg. Nr. 50003649181, Latvia 2019-04-26 2020-02-26 € 850 000
21 SIA “Tukums DH”, Reg. Nr. 40103280665, Latvia 2019-10-22 2020-08-22 € 700 000
22 SIA “Tukums DH”, Reg. Nr. 40103280665, Latvia 2019-10-22 2020-08-22 € 350 000
32 Spectr Sp. z o.o. (Poland), Reg. Nr. 7010706260 2019-08-05 2020-07-05 € 850 000
35 Victory Park Ltd. (Latvia), Reg. Nr. 40103997723 2019-05-29 2020-05-29 € 250 000
7 Wise Holding Ltd., Reg.Nr C65051, Malta 2019-12-20 2020-11-20 € 650 000
6 Wise Holding Ltd., Reg.Nr C65051, Malta 2020-01-06 2020-12-06 € 650 000
28 “Dreimanis” SIA, Reg. Nr. 41503046418, Latvia 2019-09-10 2020-09-10 € 500 000
27 “Dreimanis” SIA, Reg. Nr. 41503046418, Latvia 2019-09-11 2020-09-11 € 500 000
26 “Dreimanis” SIA, Reg. Nr. 41503046418, Latvia 2019-09-16 2020-09-16 € 500 000
15 “Dreimanis” SIA, Reg. Nr. 41503046418, Latvia 2019-10-25 2020-10-25 € 500 000
14 “LVR” SIA, Reg. Nr. 40103591799, Latvia 2019-11-07 2020-09-07 € 360 000
19 “MARTON FOX” SP. Z O.O. Tax reg.no. PL52527844… 2019-10-23 2020-09-23 € 300 000
20 “MARTON FOX” SP. Z O.O. Tax reg.no. PL52527844… 2019-10-23 2020-09-23 € 300 000
18 “MARTON FOX” SP. Z O.O. Tax reg.no. PL52527844… 2019-10-25 2020-09-25 € 300 000
17 “MARTON FOX” SP. Z O.O. Tax reg.no. PL52527844… 2019-11-04 2020-10-04 € 300 000
34 “MP Finance” SIA, Reg. Nr. 42403025758, Latvia 2019-07-12 2020-07-12 € 1 000 000
33 “MP Finance” SIA, Reg. Nr. 42403025758, Latvia 2019-07-16 2020-07-16 € 600 000
30 “MP Finance” SIA, Reg. Nr. 42403025758, Latvia 2019-08-20 2020-08-20 € 1 000 000
24 “NDinamika” SIA, Reg. Nr. 40103651180, Latvia 2019-09-18 2020-03-18 € 500 000
38 “Pallet Timber Company” SIA, Reg. Nr. 40103522… 2019-04-23 2020-02-23 € 300 000
31 “Rietumu Energija” SIA, Reg. Nr. 40103646226, … 2019-08-07 2020-05-07 € 250 000
23 “Rietumu Energija” SIA, Reg. Nr. 40103646226, … 2019-09-18 2020-06-18 € 650 000
1 “Rietumu Energija” SIA, Reg. Nr. 40103646226, … 2020-01-17 2020-10-17 € 160 000
44 “Rietumu Nafta” SIA, Reg. Nr. 41203010197, Latvia 2019-01-28 2020-01-28 € 500 000
16 “Spade” SIA, Reg. Nr. 40003947548, Latvia 2019-11-07 2020-11-07 € 300 000
13 “Spade” SIA, Reg. Nr. 40003947548, Latvia 2019-11-11 2020-11-11 € 300 000
12 “Spade” SIA, Reg. Nr. 40003947548, Latvia 2019-11-13 2020-11-13 € 300 000
29 “Tukuma Maja” SIA, Reg. Nr. 40103606539, Latvia 2019-09-02 2020-09-02 € 800 000
11 “Tukuma Maja” SIA, Reg. Nr. 40103606539, Latvia 2019-11-20 2020-11-20 € 600 000

This is a severe financial setback for many investors. For me it means a loss of about 12,000 EUR but many other investors had much more money in Envestio.

Before it went down, Envestio had about 14,000 registered investors and the total loan volume was over 30 million EUR. Right now, no one has a clue what has happened to this money. Hopefully some of it can be recovered through the courts.

Updates on the Envestio p2p scam will follow.

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