Recovery File · LCR-2026-006
Super Stock Market pitched “discounted pre-IPO shares” in a hot crypto company, payable in crypto and wires. A Chicago business owner bought in across three tranches. The shares never existed.
Scam typeFake pre-IPO scheme
InstrumentCrypto & wire
Reported loss$89,300
Timeline3 months
Recovered58%
Reported operatorSuper Stock Market ↗
How it started
M.R., 44, was emailed an “exclusive allocation” with a countdown timer. A “capital markets desk” walked him through buying in before the “listing.” The professional paperwork and urgency closed the deal.
Where it went wrong
After the supposed listing date slipped twice, he was asked for an “escrow release fee” to convert his shares. That was the final ask before communication stopped. The “allocation” and “listing” were fiction.
“There was always a deadline, always a reason to send the next payment now.”
The recovery, step by step
- We split crypto and wire claimsEach rail has a different recovery route; we pursued both in parallel.
- We traced the crypto tranchesTwo of three crypto payments landed at an exchange deposit address still partly funded.
- We engaged the receiving bankFor the wire portion, we filed a fraud report and recall request through his bank.
- We froze the reachable cryptoThe exchange placed a hold pending compliance review.
- We combined the returnsA wire recall plus the exchange release totalled $51,800.
58%Outcome: $51,800 of $89,300 recovered across a wire recall and an exchange hold. The wire recall succeeded because we filed within days of his last transfer.
Warning signs we flagged
- “Pre-IPO” or “pre-listing” shares sold at a discount, paid in crypto.
- Countdown timers and “exclusive allocations.”
- A fee to “release” or “convert” shares you supposedly own.
- Listing dates that keep slipping.
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