YLG Bullion – Scam Misusing the YLG Name for Gold Investments

Messaging or video accounts opened with the logo and name of a real institution are the easiest place to sell a gold investment promise. The name of YLG Bullion and Futures, a well-known Thai gold and futures broker, was used in exactly this way by accounts with no connection to the firm, first on TikTok and then on Line.

🚨 What Do the Official Warnings Say?

The Securities and Exchange Commission of Thailand (SEC) has so far issued two separate warnings about accounts carrying the YLG name:

Both warnings appear in the joint warning network of international securities regulators.

📱 From TikTok to Line: A Scheme That Switches Accounts

The gap of three and a half months between the two warnings shows that the institution's name was not limited to a single account. The digit "3" at the end of the TikTok username gives the impression that accounts were opened under the same name before, and that a new one was set up in place of a closed account. The scheme generally runs in this order:

Once the conversation moves to a closed messaging channel, the link with the institution's real contact channels is cut completely; the user is left alone with whatever the people running the account say.

🔍 Who Is the Real YLG?

YLG Bullion and Futures is a licensed gold and futures company in Thailand that has used the address ylgbullion.co.th since 2009. The imitation accounts exploit this recognition to offer a "safe gold account"; the money goes not to the institution but to channels controlled by those running the account. Under Turkish law, this scheme is treated as qualified fraud under Article 158/1-f of the Turkish Penal Code.

🚩 Five Signs of a Fake Gold App

YLG has pointed out that fake trading apps multiply when gold prices rise, and in February 2026 it shared five signs with the public that help to tell fake apps apart:

These are also the criteria to look for in the apps promoted by accounts using the YLG name. Institutions that may offer leveraged gold trading to people resident in Türkiye are listed on the SPK list of authorised intermediary institutions.

🔗 Other Platforms Using the Same Method

We have covered before schemes that borrow the name of a well-known institution to sell gold or currency investments:

🧭 The Legal Process for Victims

1. Cases in which a real institution's name and images are used are examined under clone institution sites and accounts.
2. At the criminal complaint stage, the case is brought into the file together with the social media account, message records and transfer documents.
3. Where the money passed through several accounts, a possible money laundering connectionTR is assessed separately.

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

❓ Frequently Asked Questions