Thursday, 19 October 2017

Recyclix scam still misleading its victims

Update 15 December

The website "" has been taken down just recently. I doubt it ever will come back online again, because there's just not much point for the scammers to drag this on anymore.


(The blog post below was made 19 October 2017)

After long period of quiet time the so called "official blog" of Recyclix has made a new post on 16 October 2017. It's titled "Update on Progress of the Governmental Investigations" and it goes on to explaining about ongoing investigations and legal cases in Latvia, Poland and the Czech Republic.

Once again, I strongly recommend not to trust the scammers of the "official blog" nor the scammers publishing on If anyone of the victims wishes to have money back from the seized funds left from the scammers, the best way is to contact the police in the country where the original bank deposit was made.

Bear in mind that police don't usually give much information about ongoing investigations. Yet the official blog of Recyclix has been blurting out details about the case and investigations. That's rather bizarre since the company and the people involved in it would be the ones investigated.

Even though there actually might be some Recyclix related court cases going on, the outcome of those verdicts could not be beneficial to the victims but to the scammers. The actual court cases could just be about disputes 
between the scammers of the ownership of the company and its assets.

Don't trust anything published by the people who have already scammed you once.

The scammers asking the victims to file a very suspicious motion

There's a strange plea in an earlier post made on 14 July asking the victims to send a dictated statement to Latvian police, Olga Lugus, Economic Crimes Office.

The blog post says: 
"Example of this statement, which you will need to send to the investigator in Latvian, is available over here. All those who would like to get familiar with this document in English can access it over here."

- The downloadable document contains a dictated "Motion on the criminal case No. 11816012816".

The motion ends with:
"Insofar as I understand it, the origin of the funds has already been traced during the investigation within the criminal case No. 11816012816. Consequently, further seizure of these funds is unpractical as it does not meet the interests of the victims who invested these funds in Recyclix since they are not involved in the criminal wrongdoing under investigation.

Revocation of seizure of these funds can in no way influence further investigation of the criminal case.

Pursuant to Article 357 of the Criminal Procedural Law, which provides for return of the property obtained by criminal means, in view of the aforesaid,

I hereby request

To consider return of these funds to me.

Attachment: Documents confirming that the funds belong to me."

- Now, is this motion about refunding the victims or about revocation of seizure of the funds? If I was a victim, I'd contact the police first to ensure that this motion would ensure returning the funds to the exact bank account of victims and not to the scammers. 

Recyclix Crisis Management Team

The person behind the blog posts claims to be Yaroslav Mikhalsky from "Recyclix Crisis Management Team". I still haven't found a single thread of evidence that this Yaroslav Mikhalsky was a real person. And where from earth did he emerge with his team to direct a scam company?

What's the real interest behind this new management team to work for a crumbled ponzi pyramid scam? They have been working months already to "help" poor ponzi victims. They certainly aren't getting any salaries paid from this – unless pocketing money from the company assets. Or maybe they are just hoping to get generously compensated by themselves after getting their hands on the funds that have been seized?

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