Classification: Confirmed Fraudulent Trading Platform – Active Impersonation Scam
Trustpilot Rating: 🔴 1.7/5 – “Bad” (Multiple victim reports)
Key Scam Tactics: Small investment lure → fabricated profits → withdrawal fee demands (8%-10%) → account freeze → contact severed
Warning Signs: Fake “Account Managers,” “Floor Managers,” bogus London office addresses (The Shard, Piccadilly)
Executive Summary
Crypto Trust (also operating as “Trezor Trust,” using the domain trezortrust.com) is a confirmed fraudulent trading platform that has amassed a devastating collection of verified victim reports on Trustpilot, earning a 1.7/5 star rating. The platform’s operators employ classic scam tactics: building trust through small initial investments and fabricated profits, then demanding upfront commissions, taxes, and “gas fees” ranging from 8% to 10% before any withdrawal is processed.
The platform uses fake identities including “Maxim Kogan,” “Damien Myers,” “James Myers,” “Michael Nestle,” and “Jerry Splitz” as supposed account managers. These individuals apply psychological pressure—initially friendly and supportive, then aggressive or evasive when victims attempt to withdraw funds.
The company’s claimed London “HQ” addresses (The Shard and Piccadilly) are completely fictitious. Victims report losses ranging from £1,800 to over £100,000, with many having reported the fraud to Action Fraud and the Financial Conduct Authority (FCA).
Distinction: This review addresses “Crypto Trust/Trezor Trust” — the fraudulent trading platform selling fake “investment opportunities” — not the legitimate Trust Wallet cryptocurrency wallet.
Verdict at a Glance:
| Aspect | Assessment |
|---|---|
| Trustpilot Rating | 🔴 1.7/5 – “Bad” |
| Fake Manager Names | Maxim Kogan, Damien Myers, James Myers, Steve Halter, Michael Nestle, Clint |
| Fictitious Addresses | The Shard, London; Piccadilly, London |
| Scam Tactic | Small investment → fabricated profits → 8%-10% withdrawal fee demand |
| Documented Victim Losses | £1,800, £40,000, £100,000+ |
| Regulatory Reports | Action Fraud, FCA notified |
| Risk Level | 🔴 High – Confirmed Fraud |
| Recommendation | DO NOT DEPOSIT ANY FUNDS |
How Crypto Trust Operates: The Classic Scam Pattern
Based on extensive victim documentation from Trustpilot, here is the detailed step-by-step pattern of how Crypto Trust’s fraudulent operation works.
Phase 1: The Bait – Small “Test” Investment
Victims are initially contacted or discover the platform through online advertisements. One victim reported seeing a Google News Advert for a ‘Good Morning Britain’ episode and checked financial websites and reviews before concluding it was legitimate.
The victim invested a small initial amount. The platform appeared functional, and the “account manager” was responsive and helpful.
Phase 2: Trust Building – Fabricated “Profits” and Pressure for More
The platform displays fabricated profits, encouraging further investment.
One victim described: “You start small and then they (Steve Halter in my case) ask for a larger investment ‘due to an amazing crypto about to launch'”.
Another victim stated: “They will double it or treble it in a matter of weeks, but when you try to get some out that’s when they change their attitude”.
Phase 3: The Trap – Withdrawal Request Met with Demands
When victims attempt to withdraw funds, the situation changes dramatically. Victims report consistent demands:
“If you ask to withdraw some of the funds, you are asked – 1. For their commission paid first. 2. The Tax due on the whole amount paid”.
One victim who lost over £100,000 detailed: “When we asked to withdraw funds we were told we had to pay up front brokers fees, capital gains and Swiss Gas Fees. A fake Blockchain Tax Officer rang and still we didn’t believe we were being scammed. We are intelligent people, but these guys are very clever and ruthless”.
Phase 4: The Escalation – 10% Fee Requirement
Multiple victims report a specific 10% fee demand:
“as soon as you try to withdraw a significant amount, everything will freeze. You will be told that in order to get money out, you must pay 10% of your account before they will release funds. Needless to say you will never see your money again”.
“when you ask to withdraw some money you’re told it has to be all the funds, but first you have to pay 10% upfront for registering bitcoin”.
Phase 5: The Disappearance – Managers Vanish, Contact Severed
Once victims question the demands or refuse to pay, communication ceases.
One victim recounted: “when I decided to withdraw the funds the ‘Account Manager’ ‘Damien Meyer’ went missing. The ‘Floor Manager at both the UK Branch Offices’ ‘Clint’ was rude and complained as I’d called numerous times. The Head Office number was also answered by the identical person answering the call in both the London Offices”.
Phase 6: The Outcome – Total Loss, Fake Legal Threats
Victims are left with nothing. Some victims report receiving legal threats or fake insurance documents.
One victim noted: “We were sent fake Aviva Insurance forms”.
What Real Victims Are Saying
Victim Story 1: £40,000 Lost – “Maxim Kogan & Damien Myers”
A victim reported a devastating loss:
“I was scammed in the process exact way he was with the same people Maxim Kogan & Damien Myers but to the tune of over £40,000. I reported to Action Fraud & tried to make people aware on this platform but Trustpilot removed it & wanted verification which I was not about to divulge having just been scammed. Same process changing money into crypto through Binance & Revolut. When I asked why my money was being sent to these foreign named people I was told it was to get the best rate. I emailed their support team to ask if Maxim was genuine they said ‘Sir Maxim Kogan was one of their best agents’ — the ‘Sir’ should have been a red flag. Then the absolute arrogance of Maxim sometime later rang me to say I still had liquid assets & didn’t know why my £30,000 had bounced back. I was astonished by the audacity”.
Loss Amount: £40,000
Key Red Flags: Fake manager “Maxim Kogan,” evasion tactics, audacious follow-up calls
Victim Story 2: £100,000+ Lost – Fake Aviva Insurance, Fake Tax Officer
A victim invested over £100,000 through the platform:
“June 2022 we heard about Trezor Trust through a Google News Advert for a ‘Good Morning Britain’ episode and we checked financial websites and Reviews and thought it was legitimate. Invested over £100,000 and have lost the lot. One of the brokers, David Bayer was quoted on Market Watch website on 2nd August 2022 and saw a review in the ‘London Post’ Aug 16th, which is still available to view. We were sent fake Aviva Insurance forms. When we asked to withdraw funds we were told we had to pay up front brokers fees, capital gains and Swiss Gas Fees. A fake Blockchain Tax Officer rang and still we didn’t believe we were being scammed. We are intelligent people, but these guys are very clever and ruthless”.
Loss Amount: £100,000+
Key Red Flags: Fake news articles, fabricated endorsements, fake Aviva Insurance forms, impersonated tax official
Victim Story 3: £1,800 Lost – “Account Manager ‘Damien Meyer’ Went Missing”
“Total Scam. Cannot believe I was sucked into this to the tune of £1,800. As stated by other people they suck you in following initial small investment, and when I decided to withdraw the funds the ‘Account Manager’ ‘Damien Meyer’ went missing. The ‘Floor Manager at both the Uk Branch Offices ‘Clint’ was rude and complained as I’d called numerous times. The Head Office number was also answered by the identical person answering the call in both the London Offices. DO NOT Trust Trezor Trust”.
Loss Amount: £1,800
Key Red Flags: Fake manager “Damien Meyer,” rude “Floor Manager Clint,” identical voice answering for multiple “offices”
Victim Story 4: 10% Fee Demand – “Everything Will Freeze”
“TREZORTRUST and in particular JAMES MYERS are thieves. They will accept a small investment but then pester you with phone calls always looking for more cash. Your ‘investment’ will appear to grow but as soon as you try to withdraw a significant amount, everything will freeze. You will be told that in order to get money out, you must pay 10% of your account before they will release funds. Needless to say you will never see your money again”.
Loss Amount: Not specified
Key Red Flags: Fake manager “James Myers,” persistent calls, 10% fee demand, account freeze
Victim Story 5: Fake London Offices Exposed – “The Shard & Piccadilly Are Bogus”
“TREZOR TRUST. There are no words to describe this ‘company’. They are criminals. They manipulate, engineer and steal. I have reported these individuals to Action Fraud and any other authority I can. James Myers, Jerry Splitz (or Flitz?) and Michael Nestle. All fake names. Their London ‘HQ’ addresses are also fake (one is the Shard); the other on Piccadilly, neither are offices for this company. Try emailing their support address… no one will respond. Please do not give these individuals your money”.
Loss Amount: Not specified
Key Red Flags: Fake London addresses, fabricated manager names, unresponsive support
Victim Story 6: Loan Pressure – “Don’t Tell the Loan Company”
“Don’t do it, walk away, if you don’t it will cost you a lot of money, they won’t tell you or give you the details in advance just invoice after invoice for pre-payment of fees which seem to appear out of nowhere, they will tell you to take out a loan (but don’t tell the loan company what it is for) — that’s a big red flag for the action of a scammer”.
Loss Amount: Not specified
Key Red Flags: Instructing victims to take loans, concealing purpose from lenders, endless pre-payment fees
Summary of Victim Experiences
Fake Managers and Fictitious Addresses
The platform uses an elaborate network of fake identities:
Fictitious London Offices
The platform claims prestigious London addresses:
- The Shard, London – Not occupied by the company
- Piccadilly, London – Not occupied by the company
- Victims reported the “Head Office number was answered by the identical person answering the call in both the London Offices”
The Fake News and Fabricated Endorsements
Victims reported being misled by sophisticated fake news campaigns:
- Fabricated ‘Good Morning Britain’ episode mentioned in a Google News Ad
- Fake Market Watch article quoting fake broker “David Bayer”
- Fake London Post review endorsing the platform
- Fake Aviva Insurance forms sent to reassure victims
- Fake Blockchain Tax Officer impersonation
Red Flags Summary
| Red Flag | How Crypto Trust Displays It |
|---|---|
| Fake Managers | Maxim Kogan, Damien Myers, James Myers, Steve Halter, Michael Nestle |
| Fictitious London Addresses | The Shard, Piccadilly — no actual offices |
| Small Withdrawal Works | Initial small investments allowed to build trust |
| Fabricated Profits | “They will double it or treble it in a matter of weeks” |
| Withdrawal Fee Demands | 8%-10% of account value demanded before withdrawal |
| Account Freeze | Accounts frozen immediately upon withdrawal request |
| Rude/Aggressive Support | “Floor Manager Clint” rude and complaining |
| Identical Voices | Same person answering for multiple “offices” |
| Fake News Articles | Fabricated GMB, Market Watch, London Post endorsements |
| Fake Insurance Documents | Aviva Insurance forms fabricated |
| Impersonated Officials | Fake Blockchain Tax Officer |
| Loan Pressure | Instructing victims to take loans and conceal purpose |
| Contact Severance | Managers “go missing” when questions arise |
| Legal Threats | Some victims report threats of legal action |
| Support Unresponsive | Email support never responds |
| Regulatory Reports | Action Fraud, FCA notified |
Comparison: Legitimate Trading Platforms vs. Crypto Trust
| Factor | Legitimate Broker (e.g., FCA-regulated) | Crypto Trust |
|---|---|---|
| Regulatory License | Yes – FCA, CySEC, ASIC, etc. | ❌ None — No verifiable registration |
| Office Addresses | Verifiable, physical presence | ❌ Fictitious (The Shard, Piccadilly) |
| Manager Identities | Verifiable, licensed professionals | ❌ Fake names (Kogan, Myers, etc.) |
| Withdrawal Process | Clear terms, transparent fees | ❌ 8%-10% hidden fees, account freeze |
| Communication | Professional, consistent | 🔴 Rude “Clint,” identical voices for multiple “offices” |
| Legal Compliance | Regulated, audited | ❌ Action Fraud complaints filed |
| Victim Loss Recovery | FSCS protection (up to £85k) | ❌ No protection — total loss |
Steps to Take If You Have Been Affected
If you have already deposited funds with Crypto Trust (“Trezor Trust”), take these actions immediately:
SiiraOasis – Asset Recovery Specialists
Reclaim what’s yours. We provide expert fund recovery for individuals locked out of accounts or navigating lost assets. Discreet, personalized support when you need it most.
📧 admin@siiraoasis.org
📞 +447441392531
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