JPY500 has no reliable physical address or regulatory information. JPY500.com was anonymously registered in January 2023. The owners of this company appear to be serial scammers of all time. They’re currently peddling “asset management” services and claiming that “over $1 billion assets are under their management”.

As always, this JPY500 review will bast the scammers. The purpose of this review (aside from letting you know that you can recover lost money from a scam) is to provide information that the scammers do not want you to know.

JPY500 review and overview

These folks call themselves JPY500 LLC. However, we’ve noted that no company by this name exists in the US where they claim to be regulated.

JPY500.com is affiliated with Fidelity Digital Assets (fidelitydigitalassets.com). The nature of this relationship is that JPY500 would sign up clients and ask them to open an ‘investment account’ with Fidelity Digital Assets. Clients money would then be wired right through this company’s bank accounts and ‘traded’ on the platform.

The trading is allegedly handled by JPY500. All that a client has to do is to make a deposit and viola!! They would make passive income on autopilot.

This company is very suspicious and we have also caught them lying pants down.

According to the marketing literature on this site, JYP500 is authorized and regulated by the SEC under CRD#305726.

Unfortunately, these guys are providing false and misleading information since the CRD number belongs to a company called Wave Financial LLC.

This company has also provided multiple links to other websites claiming that they’re working as partners or service providers.

CoinBase is one of the names proivided on the platform as a ‘service provider’

In reality, Coinbase is a Crypto exchange/trading platform. This is ideally where the scammers transact their Crypto. It means nothing to be in partnership with CoinBase as a trading platform. In fact, this does not validate anything.

Other links provided on this website lead us to companies that are not associated with JPY500 in any shape or form.

They even claim that their company has won “TADS” award. A link has been provided to “verify” this claim but unfortunately the link is resolving to the homepage of this scam and not at tadsawards.org.

So why are these guys lying so much?

The answer is simple — they’re an investment scam targeting both US citizens and investors from other countries.

They want to feign legitimacy, and to some extent we admit that this is something that the scam has been successful in doing.

How JPY500 intends to scam investors

Using a non-existent company name to create a veener of legitimacy, the company is able to make victims believe that they’re based in the US and are regulated by the SEC.

Many investors are currently looking for ‘asset managers’ that can help them attain passive income even with an amount so little such as $1,000.

Notice that this fake asset manager is accepting any amount of money while serious asset management companies usually have a high minimum deposit requirement.

They pretend that this money is invested in Forex Majors/Minors, Stocks, Commodities, Indices and Crypto.

The reason we use the word ‘pretend’ is because JPY500 has even failed to provide proof of their investing activities.

Giving us a link to one of their brokers does not constitute proof of trading.

Nevertheless, the company is continuously ignoring these questions/concerns because they imagine that their audience is stupid.

Once a deposit is made (as they anticipate your deposit), an investor will see an increase in their profit every day.

Even a withdrawal can be granted (especially to customers who have deposited a significant amount of money).

They have experienced boileroom sales persons on standby. Their job is to coerce you to deposit more money to make more money. They sweet-talk the victim until the victim gives in.

High pressure sales tactics is the order of the day. Once they get hold of your number, they would seek to call you continuously.

Once you have gained their trust, you will ultimately part with a large amount of money that you’re not willing to lose and this will be the end of you with your money.

The scammers don’t care whether you use your life savings or you borrowed a loan.

Once they receive that money, they use it to acquire expensive things like jewelry, fancy cars, mansions etc.

Some of it is even channeled to offshore islands like SVG where brokers like BitBinX reside.

Wrapping it up

JPY500 appeals to investors who are lazy — those who don’t want to do their homework beforehand.

They use a combination of sales tactics to capture attention and make their fake company appear legitimate.

In the real sense, this is a scam or a ponzi scheme. There is no guarantee any money that goes into the scam will be returned.

Thanks for reading. If you have a comment, please share it below.