It is vital to stay informed about the tactics used by sophisticated online financial schemes. The Elitepalace Prosperity Group and associated Athena Milase trading platforms have been identified by various investigators and users as highly suspicious entities that exhibit the classic hallmarks of a coordinated "pig butchering" or investment scam. 

The Faces of Fraud AI Generated names that sound "prestigious."

Other websites you can see about their crypto scams 

Athena Milase & ElitePalace Crypto Scam: A Detailed Warning

How the ElitePalace Prosperity Group Scam Operates

The operators behind the ElitePalace Prosperity Group and the Milase Trading platform use a combination of psychological manipulation and technical deception to defraud investors.

1. Communication via Encrypted Apps (WhatsApp & Signal)

Scammers typically initiate contact through social media or "wrong number" texts, eventually moving the conversation to WhatsApp or Signal. These platforms allow them to use fake names and burner numbers that are difficult for law enforcement to track. They often pose as helpful "mentors" or "trading assistants" to build a false sense of intimacy and trust.

2. Wire Transfers to Money Mules

A major red flag is the insistence on bank wire transfers rather than traditional credit card payments. These transfers are often directed to individuals or third-party companies that have no clear connection to an investment firm. These are money mules used to move funds quickly out of reach. Once the wire is sent, it is nearly impossible to reverse.

3. Fake YouTube Channel & Staged Content

As seen on the Elitepalace Prosperity Group YouTube channel, the content is entirely staged.

• Stock Footage: Every video consists of generic clips featuring actors in business suits.

• No Real People: No actual company representatives or founders ever appear or speak.

• Artificial Presence: Despite claims of being a "global leader," the channel has virtually no organic views or genuine subscriber engagement.

4. Black Hat SEO & Fake Press Releases

To bury negative reviews, the group employs black hat SEO tactics. They flood the internet with fake press releases and AI-generated "positive reviews" on low-quality news sites. This is designed to make the Milase Trading platform appear legitimate when potential victims search for it online.

Key Red Flags to Identify the Scam

New Domain

The YouTube channel and website were often created within weeks of the scam's launch.

Withdrawal Issues

Users report being asked to pay "taxes" or "fees" before they can withdraw, but the funds are never released.

Generic Buzzwords

Use of vague terms like "Prosperity," "Legacy," and "Innovation" without actual service details.

FAKE PRESS RELEASED TO MAKE THEM LOOK VALID SO WHEN YOU SEARCH THESE SCAMMERS FAKE POSITIVE PRESS COMES UP