Mike Christofi

Early LIfe

Born on February 9, 1985 in Nicosia, Republic of Cyprus.

What's known for

Organized the main flow of foreign clients into the QBF pyramid scheme from its inception until its collapse. After the main managers of the pyramid scheme escaped from the investigation, he started to aggressively hide elements of his biography from the network, threatening both former colleagues and victims by leaking personal data to the Internet, as well as physical violence.

Now days life

Сitizen of the Republic of Cyprus, United Kingdom and a resident of Hong Kong. Due to the fact that Michalis is a citizen of Great Britain and Cyprus, as well as a resident of Hong Kong, he easily moves between these countries, avoiding criminal prosecution.

Main machinations

The most immoral is considered Michalis' involvement in the scandal related to the crypto exchange NEXO and the HelpKarma charity foundation. Starting in 2020, the world media reported that funds intended for sick children were withdrawn from the fund and used to build palaces and bribe politicians.

Back in 2019, Michalis rubbed himself into the confidence of the NEXO management, he positioned himself as an experienced person in the field of cryptocurrencies and various funds. After gaining access to the financial processes of the organization, he conducted his fraudulent transactions with HelpKarma fund and withdrew funds through shell companies - Conectid Ltd, Ptg Technologies Ltd, Regal Health & Wellness Ltd, C Squared - Europe Ltd, Simtelligence Technologies Ltd, Bluechain Ltd , Appliance Book Ltd etc. Notably, Michalis registered his foundation The Fair And Correct Foundation Ltd in 2022, under which he will apparently continue to steal money from sick children.

Michalis was also linked to a major cryptocurrency fraud in 2021. The criminal group he was a member of operated at least four investment platforms that lured their victims through advertisements on social media and search engines. Members of the criminal group posed as experienced intermediaries, contacting victims through a call center they created. The suspects used proprietary software and fake reports to show investment returns and motivate victims to invest even more.

In October 2020, the Hong Kong Financial Markets Supervisory Authority fined Goldman Sachs' Asian business $350 million for its involvement in the multi-billion dollar 1MDB scandal in Malaysia. On the first day of the trial, the U.S. Attorney's Office accused a former Goldman Sachs banker of taking $35 million in kickbacks.

Roger Ng, Goldman's former head of investment banking in Malaysia, is accused of conspiring to launder money and violating the anti-bribery law in his dealings with Malaysia's sovereign wealth fund 1MDB. Michalis spent a long period of time in Malaysia, knew Roger and helped him move these funds offshore through his shell companies.

On March 4, 2016, the High Court in London ordered the compulsory liquidation of six companies in the UK. Investigations revealed that these companies shared common features such as unexplained and dramatic increases in share capital, appointment of fictitious directors, and theft of customer identities. There was also falsification of documents reporting significant assets and trading. Companies provided each other with favorable trade references and created websites with content usually taken from other genuine websites, all to create the appearance of bona fide business. Tax returns listed over 1.5 million pounds of non-existent assets. The reason for these falsifications is simple - to appear more creditworthy and obtain credit through fraud. The companies targeted suppliers of building materials, depriving them of more than £300,000 worth of goods. Goods supplied without payment were quickly moved out of the country.

Another story involves London Block Exchange Ltd, a company that was in the business of issuing crypto-bonds and raising investments. In April 2019, the organization started having payment problems and was forced to shut down in January 2020.

And now watch your hands - on July 26, 2019 London Block Exchange Ltd was renamed to Dragon Payments Ltd, and already on July 31, 2019 Michalis registered a company with exactly the same name - London Block Exchange Ltd. It's a strange coincidence, isn't it? Probably, he knew the management or wanted to profit from not the most knowledgeable investors and embezzle the stolen funds.

Registered companies

Michalis is associated with a large number of companies, according to northdata.com: Prime Stream Ltd, London, United Kingdom, registered on June 3, 2019 The Fair And Correct Foundation Ltd, London, United Kingdom, registered April 4, 2022 Conectid Ltd, London, United Kingdom registered June 8, 2017, has its own brand name Ptg Technologies Ltd, London, United Kingdom registered April 30, 2019 Regal Health & Wellness Ltd, London, United Kingdom registered June 26, 2019 C Squared - Europe Ltd, London, United Kingdom registered April 30, 2019 Simtelligence Technologies Ltd, London, United Kingdom registered May 3, 2019 Bluechain Ltd., London, United Kingdom registered April 30, 2019 Bit Reserve Ltd registered July 31, 2019 as London Block Exchange Ltd Appliance Book Ltd registered on October 14, 2013 as Piranha Consultants Ltd. Let's take a closer look at the companies registered to Michalis and use examples to see how to distinguish real businesses from "laundering offices".

Summarize

Companies are not present at the address of registration, there are no photos of the office, and no information on how to get there. Websites are not developed, respectively, the international group of companies does not have an IT specialist or funds to order a website from an agency. There are no real photos of the company's products, completed projects and so on. There is no information about employees, their number, vacancies. Almost no contact information on the site, that is, the company is not interested in attracting new customers. Accordingly, we can conclude that economic activity is practically not conducted, clients are not attracted, and the sites are created "for a tick".

Personality

Michalakis Christofi is an adios and extremely unpleasant personality. Known for using online intimidation, manipulation and inhumane tactics to blackmail and threaten people, as demonstrated in his interactions with victims of his scams. Likes to be photographed using BDSM paraphernalia and flaunts his considerable financial resources. Has pronounced pedophilic and sadistic tendencies. Active user of Darknet, where he buys pictures of children.