Attention: Do Not Fall For The Real Estate Crypto Scheme REAL-TOK!

Guest Contributor
Thu, 11 Jan 2024 10:13:46 +0000
Black Compliance, Compliance, Crypto, Crypto Schemes, ticker, Chorherrnstift Klosterneuburg, Digital One Software, Enver Muelduer, Enver Müldür, Lukas Koch-Hochmuth, Markus Pistracher, Metropolis Bau- und Handels, Partida, Partida Services, Peter Kilian, REAL-TOK, Skender Fani, Thomas Wagenhofer

We are issuing a new alert regarding the REAL-TOK crypto scheme, which has earned a spot on FinTelegram’s blacklist for its illicit activities. The operators of REAL-TOK have resorted to filing a Digital Millennium Copyright Act (DMCA) complaint with Google in an attempt to erase warnings about their scheme from search results. We want to make it clear that we have countered this complaint to ensure that the truth remains accessible. Read our update!

The Latest Updates

REAL-TOK is represented by the symbol RLTO and is listed on the P2B crypto exchange. According to whistleblowers, the price of RLTO is being artificially maintained just above the issue price of €1 through manipulative tactics.

This crypto scheme is orchestrated by the Austrian REALTO Group, which initially aimed to raise approximately €1.2 billion from investors via their REAL-TOK (RLTO) Initial Coin Offering (ICO). Despite promising to revolutionize the real estate market, they managed to secure only a minuscule fraction of their ambitious funding goal.

The individuals behind REALTO Group, namely Peter Kilian, Thomas Wagenhofer, and Lukas Koch-Hochmuth, are running this operation. One of the REAL-TOK activists, the Kurdish Turk Enver Müldür, is a well-known usurer who launders money through real estate projects.

The Blessed Scheme

One exciting aspect of the REAL-TOK project is the involvement of Klosterneuburg Abbey. This Catholic monastery is known for its huge real estate holdings. A large proportion of the real estate projects presented in the REAL-TOK are linked to land belonging to this monastery. The REALTO Group does not own these properties.

FinTelegram is not aware of whether there is an official authorization from the monastery for the involvement of these properties in the token project. In any case, the monastery is not mentioned in the whitepaper.

The REAL-TOK ICO Scheme:

Cryptocurrencies are notorious for their speculative nature, and amid the multitude of tokens in circulation, many are nothing more than scams. Before considering any investment in cryptocurrencies or crypto projects, it is crucial for investors to thoroughly investigate the people behind them.

In our professional assessment, REAL-TOK is a security token, meaning it should have undergone regulatory approval for its ICO, which it conspicuously lacks. Furthermore, the exchange facilitating the trading of this security token, P2B, lacks the necessary regulatory permissions. The operators went to great lengths to conduct the ICO through REAL TOK LLC, registered in Georgia (Eastern Europe), seemingly to evade regulatory enforcement. However, it’s important to note that the operators are primarily based in Vienna and are targeting investors from the EU.

Investors in REAL-TOK are enticed by the promise of rapid token value multiplication, as explicitly stated on their website. Supposedly, the price was anticipated to reach several euros by the end of 2023 and around €10 by the end of 2024. These claims are outrageously unrealistic and are classic characteristics of fraudulent crypto schemes.

The website also boldly claims the launch of its own REAL-TOK blockchain and a real estate NFT in 2024, further adding to its dubious promises.

The REAL-TOK Black Flags:

We reiterate the reasons for our Black Compliance rating and warning:

1. No Regulatory Approval: The issuance of REAL-TOK (RLTO) tokens lacks any regulatory approval despite their classification as security tokens.

2. Fake Collateral: The whitepaper fails to elucidate how alleged real estate projects will genuinely serve as collateral for the tokens. The real estate in question does not belong to the issuers but to an Austrian monastery.

3. Criminal Records: Some key figures behind the ICO have criminal records for fraud, are embroiled in tax evasion cases, and have a reputation for aggressive financial tactics.

4. Outlandish Promises: REAL-TOK makes implausible, risk-free wealth promises, a hallmark of Ponzi schemes and scams. Such guarantees have no place in the legitimate crypto market.

5. Poor Standing Issuer: REAL-TOK LLC in Tbilisi, Georgia, as the issuer, is controlled by REALTO Immobilien GmbH in Vienna and REALTO KFT in Hungary, entities with limited equity and considerable financial instability.

The Austrian Real Estate Hub

In recent years, Austria has become a hub for questionable real estate schemes, exemplified by the collapse of Rene Benko‘s Signa Group. The REALTO Group aimed to alleviate their financial woes with the token project, but based on our information, this plan appears to be futile. Their financial difficulties persist, and it’s only a matter of time before the REALTO Group follows Signa‘s disastrous path.

Read our Signa Group reports here.

REAL-TOK Key Data

ICO branding | REAL-TOK

Domains

https://real-tok.io
www.realto-immobilien.com

Token symbol | RLTO (ERC20)

Issuer

REALTO Group
REAL-TOK LLC (Georgia)
REALTO GmbH (Vienna)

Related entities

Metropolis Group
REALTO Immobilien GmbH
REALTO Investments Kft
Stromboli Projektentwicklunsgs GmbH

Blockchain | Ethereum
ICO Volume | 1,200,000,000
ICO token price | €1 (discounts available)
Token supply | 2,000,000,000

Related individuals

Peter Kilian
Thomas Wagenhofer
Skender Fani (deceased)
Lukas Koch-Hochmuth
Markus Pistracher
Enver Müldür

Related entities

Chorherrnstift Klosterneuburg
Metropolis Bau- und Handels GmbH
Stromboli Projektentwicklung GmbH
VRE24 Immobilien GmbH
Partida UAB
Partida Services OÜ
Digital One Software Limited

Regulatory authorization | Not explained
Compliance rating | Black

Share Information

If you are an investor in REAL-TOK or possess information about the scheme and its operators, please come forward through our whistleblowing system, Whistle42. Your cooperation can help protect potential victims from falling prey to this fraudulent crypto scheme. Stay vigilant, and always verify the legitimacy of any investment opportunity in the crypto space.