Case study · Offshore unregulated broker
Tracing deposits behind Zagros’ offshore shell
Client identity protected. The broker, the methods and the result are real.
Zagros
Offshore unregulated broker
$52,000
Funds traced — regulatory complaints filed
A couple invested their savings with Zagros after a polished sales call promising managed crypto returns.
What we found
Zagros claimed only an offshore IBC registration — which grants no authority to handle client funds or offer trading. We traced deposits to an exchange cluster and identified the operating pattern.
What we did
We filed complaints with the relevant regulators, reported the receiving wallets, and prepared the evidence the couple needed for their bank and the authorities.
The outcome
The offshore-shell structure was exposed, funds were traced to identifiable endpoints, and complaints are progressing with regulators and the receiving exchange.
Amounts are rounded and identifying details are altered to protect client confidentiality. Recovery outcomes vary case by case and are never guaranteed.
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