Italy Targets Crypto Scams Exploiting Politicians' Names

Italy's CONSOB has blocked three websites promoting illegal crypto and investment services, announced on October 16, 2025. These platforms exploited images and voices of top politicians like Prime Minister Giorgia Meloni, Deputy PM Matteo Salvini, opposition leader Elly Schlein, and Carlo Calenda to gain trust.

How the Scams Worked

The sites violated Italian and EU laws by offering unregulated crypto trading and advice. They directed users to unauthorized platforms promising fast gains, preying on retail investors through false endorsements.

Broader Crackdown

CONSOB extended the action to 14 related addresses, including:

• “InvestiumGroups” (website https://investiumgroupsltd.com and pages https://client.investiumgroupsltd.com)
• “Protradealliance” (website https://protradealliance.com)
• “Aureo Flowdex” (website https://aureo-flowdex.com)
• “Servelius” (website https://servelius.com and page https://webtrader.glarings-armorier.com)
• “BrokerageAI” – “it-more.culinaryjoy.sbs” (website https://brokerageai.org, related pages https://client.brokerageai.org and https://webtrader.brokerageai.org, and promotional website https://it-more.culinaryjoy.sbs)
• “ZZCoin” (website https://zzcoingy.com)
• “Ofuyc” (websites https://www.ofuyc.com, https://www.ofuyc-32516it.com, https://www.ofuyc-55337it.com, https://www.ofuyc-23166it.com, https://www.ofuyc-33111it.com, https://www.ofuyc-83255it.com)
• “Veltrixmax-invest.com” – “Ayquozeber.com” (website https://veltrixmax-invest.com and promotional website https://ayquozeber.com)
• “Orolonix-invest.com” – “Cyberirfy.icu” (website https://orolonix-invest.com and promotional website https://cyberirfy.icu)

These emerged recently, lacking transparency and luring users into shady crypto deals.

Enforcement History and Powers

Since 2019's “Growth Decree,” CONSOB has closed over 1,443 scam sites. This aligns with EU MiCAR rules (2023/1114) for blocking unauthorized crypto access. Providers are implementing blocks, though it may take days.

Investor Warning

As crypto interest grows amid Italy's economic woes, fraudsters are bolder. CONSOB urges diligence: Verify platforms officially and avoid celebrity-backed promises. A safer web fosters real innovation.

About CONSOB

CONSOB, or the National Commission for Companies and the Stock Exchange, stands as Italy's cornerstone financial authority, overseeing the integrity of securities markets since its founding in 1974. Tasked with protecting investors and ensuring market transparency, it regulates everything from stock listings to emerging fintech innovations, fostering a stable environment where fair play drives economic growth. With a sharp focus on enforcement and education, CONSOB plays a pivotal role in upholding Italy's position as a European financial powerhouse.

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