Dear SEC Office of Investor Education and Advocacy,
I am filing an urgent complaint regarding GROKR Exchange Ltd (CIK: 0002072373), which submitted a Form D (SEC File 021-548726) on June 12, 2025, claiming a Rule 506(c) exemption. Evidence indicates this filing is materially false and part of a fraudulent scheme:
Key Violations
- Misrepresentation to SEC:
- Form D states $0 sales, 0 investors, $0 proceeds used (Items 15-17)
- REALITY: The company accepted investor funds while refusing withdrawals and ceasing communication
- Illegal Solicitation Despite 506(c):
- Rule 506(c) requires sales ONLY to verified accredited investors
- GROKR is openly soliciting retail investors globally via:
grok-lssc.com(flagged by BaFin)grok-coin.com(flagged by Scamadviser)grokrhot3.com> (flagged by Scamadviser)grokrexcci.com> (flagged by Scamadviser)grokrwaid.com> (flagged by Scamadviser)grokrdoc.com>
- Active International Warnings (Proof of Cross-Border Fraud):
Regulator Date Warning FMA Austria June 13, 2025 "Unauthorized investment activities – no license" BaFin Germany Active " grok-lssc.comoperating without authorization"AFM Netherlands Active Listed on high-risk registry for "dubious financial offers" Scamadviser Current "grok-coin.com: 1/100 trust score – high scam risk"
Requested Actions
- Immediate suspension of GROKR's Regulation D exemption
- Subpoena financial records to trace investor funds
- Coordinate with EU regulators (FMA/BaFin/AFM) on cross-jurisdiction fraud
- Issue an SEC Investor Alert naming GROKR and its domains
This pattern matches "pig butchering" scams: fake filings lure investors while international warnings confirm illicit operations. Every day delayed risks more victims.