🚨 Scam Alert — “Invest with Karim Bhagdadi” Telegram Group & alvacamarket.com

Telegram group “Invest with Karim Bhagdadi” and the site alvacamarket.com are running a cryptocurrency/investment scam: they promise 3–6 hour profits, show fake balances, then demand verification/fee payments. Do NOT invest. Victims lose money. Full process, evidence checklist, complaint templates, and public warning included.

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Scammers operating the Telegram group “Invest with Karim Bhagdadi” use scripted Arabic/English messages and the fake site alvacamarket.com to show bogus profits and extract money (initial deposit + “verification”/team fees). I lost money — please read and share.

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1) Full scam process (step-by-step)

1. Group creation & mass-adding

Scammers create a Telegram group named “Invest with Karim Bhagdadi” (or similar) and randomly add phone numbers to make the group look active. Your number may be added without consent.

2. Initial Arabic post (example they post in the morning)

Arabic transcript they post:

> كيف بتشتغل؟ المستثمرين بيودعوا مبلغ معين من رأس المال، وبعد ما ينضموا، فيهم يحققوا ربح خلال 3 لـ 6 ساعات. الأموال المودعة رح تتداول بالوقت الحقيقي باستخدام نظام روبوت آلي للعملات الرقمية. نظام روبوت التشفير الآلي هو برنامج أو جهاز مصمم لإدارة كل عمليات تداول العملات الرقمية بشكل تلقائي. بيشتغل هيك: لما ترتفع العملة الرقمية المشفرة، بتنعمل عملية شراء تلقائي، ولما تنخفض، بتنعمل عملية بيع تلقائي. الروبوت الخاص فينا بيضمن ربح بنسبة 90% وخسارة بنسبة 10%. أول ما تودع، الفريق رح ينشئ حساب استثماري باسمك.

(Translation / summary: deposit capital → profit within 3–6 hours via an “auto crypto robot” with 90% win rate. Team will create investment account in your name.)

3. Investment packages message

They post a table of packages promising extreme returns (example):

Silver min 1,000 → get 3,000–5,000

Gold min 5,000 → get 21,000–43,000

Diamond min 10,000 → get 62,000–98,000

VIP min 30,000 → get 183,000–371,000

They claim profit split: Investors 70% / Trading team 30%. Then warn that investors must pay team fees on withdrawal, and threat to “report” those who don’t pay.

4. Welcome / recruitment message (English sample they send)

Example message they send privately or in-group:

> WELCOME👋 Trading here, we buy and sell foreign currency online through the application…

HOW INVESTMENT WORK … deposit a certain amount of capital and after joining within 3–6 hours you can already profit… Our robot guarantees 90% WIN 10% LOSE.

Now. Go and REGISTER! Name: Email: Phone Number: Bank: Bank Account: Investment Amount:

If you want to transfer your investment capital now, I will immediately provide you with a team custodian account.

5. They ask you to fill a private form

Full name, address, bank details, phone, etc. They instruct you to send this privately to admin.

6. They provide a bank account / treasurer account

Example used by scammers: (Which they provided to send money. Might they use different account number)

Bank Name: ANB [Tiqmo]

Account Holder Name: Angelie Sarsaba

IBAN: SA0330100974017180118462

You are told to transfer the deposit and then send a screenshot of transfer to admin.

7. They create fake site access & fake accounts

After transfer, they give you login credentials for member.alvacamarket.com (or similar) so you can “verify” the profit — but the site, accounts and balances are controlled by scammers.

Example messages:

Username: (provided username in my name)

Password: aW1@5Du

They ask you to log in, then show a fake balance (e.g., deposit 1,000 SAR → profit 14,477 SAR → balance 15,477 SAR).

8. KYC / verification trap and extra fees

They require you to fill Settings → Profile, add bank details, upload ID and personal photo (KYC).

Then they demand a verification fee (example SAR 5,000). They claim this fee will be converted into investment capital and added to your balance — and that withdrawal will only proceed once the verification fee is paid.

They pressure you with messages like “Please wait 5–10 minutes” or “Withdrawal will be processed immediately after payment.”

9. Social proof & staged screenshots

The group contains many posted screenshots of “successful withdrawals” and “profits” (staged/fabricated). Notably those screenshots often do not display the alvacamarket domain or show real bank confirmations — they’re manipulated.

10. Disappearance / additional extortion

After paying verification fees or team fees you may be asked for more charges, or contacts go offline, or you are blocked. Funds are lost.