Cybercrime Southeast Europe Newsletter No. 26

Dear Clients,

We are warning you about the latest fraudulent scheme spreading across Serbia. Blue Electric (or BETL) represents a dangerous scam similar to notorious schemes like Hello Future and Javess. Although it presents itself as a “profit-sharing” investment model, increasing evidence suggests that it is a classic Ponzi scheme. Investors are instructed to send cryptocurrencies, particularly USDT, to anonymous individuals with promises of unrealistically high returns. The company offers vague and contradictory information—from discrepancies regarding its founding date to a complete inability to provide verifiable proof of ownership or legitimate business operations.

Key red flags include:

• Lack of Transparency: The company’s owner, Muzaffar, remains entirely unknown, with no confirmation of identity through photos or video materials.
• Unprofessional Contact Details: Instead of using business emails, free Gmail accounts are employed, which further raises suspicion.
• Suspicious Servers: The website allegedly connects to Chinese servers, adding to doubts about its true nature.

Like many other Ponzi schemes, Blue Electric uses a fake product—in this case, a mobile energy-sharing platform—to conceal its fraudulent nature. This scam deceives investors by presenting itself as a legitimate service while in reality using money from new investors to pay off previous ones. Be extremely cautious! There is a high likelihood that Blue Electric is an attempt at fraud. The lack of accountability and transparency only reinforces the need to avoid investing in this dubious scheme to prevent serious financial losses.

If you have already become a victim of this scam, contact us immediately! We offer assistance and advice to help you protect your rights and recover lost funds.

Sincerely,
Attorney Zoran Miljaković