Angel Mine (angelmine.co) Scam: Short-Term Return Packages

Angel Mine presents itself as an Auckland-based investment firm and sells "offer" packages lasting a few days on its site, angelmine.co. New Zealand's financial authority, the FMA, has issued an investor warning about the scheme.

🚩 How Are the Packages Set Up?

The site offers three packages called Basic, Standard and Gold; each promises, after a term of a few days, a gain equal to a large part of the amount deposited, and "instant withdrawal". The minimum amount rises as the package gets bigger, and no ceiling is set for the top package. A commission for bringing in a new member is also added to every package. Such a return cannot come from a genuine investment activity; payments rely on the money of new joiners. This is the classic form of a Ponzi scheme (pyramid scheme).

🔍 What Was Found on the Site

Angel Mine is not on the SPK list of authorised intermediary institutions. Collecting money without authorisation by promising returns is a crime under Article 109 of Capital Markets Law No. 6362.

🔗 Other Platforms Using the Same Method

We have also covered sites that collect money through short-term return packages and invitation commissions.

🧭 The Legal Process for Victims

1. If payment was made in crypto, the trail after the transfer of the money to a crypto exchangeTR is traced.
2. The collected funds are also examined for a money laundering connectionTR.
3. In the criminal case, the rights of participating as an intervening party (victim joining the case)TR are exercised.

For detailed information and legal support, you can contact Savun Law & Consultancy.

❓ Frequently Asked Questions