Bijan Burnard: Review of Alleged Scams

In the fast-paced world of cryptocurrency, stories of quick riches often hide deeper risks. One name that has surfaced repeatedly in discussions about crypto fraud is Bijan Burnard. A self-proclaimed blockchain expert based in Monaco, Burnard has built a public image as an innovative entrepreneur. But a closer look reveals a trail of complaints, unfinished projects, and serious questions about his business practices.

This article critically examines the claims made in a recent piece from FinanceScam.com titled “The Enigma of Bijan Burnard: Unraveling Allegations of Fraud in the Crypto World,” published on April 12, 2025. While the article uses open-source intelligence to connect dots, it highlights a pattern of issues that go beyond one story. We will break down the key allegations against Burnard, including his role in the VXL Dollar project and LPAY wallet, with evidence from multiple sources. Our goal is to spotlight flaws in these ventures—such as misleading marketing, lack of transparency, and victim reports—while keeping things straightforward for everyday readers interested in crypto investment risks.

Burnard’s case serves as a warning in the broader context of Bijan Burnard scam alerts. With the crypto market still recovering from major collapses like FTX, understanding these red flags can help protect your money. We’ll use simple explanations, real examples, and structured sections to make this easy to follow. Let’s dive in.

Who Is Bijan Burnard? The Public Face vs. The Complaints

Bijan Burnard presents himself as a tech-savvy leader in blockchain. His LinkedIn profile lists him as CEO of Lattice Network, a company described as being in “stealth mode” with a focus on blockchain solutions. He boasts over 500 connections, including endorsements from colleagues who call him “creative” and “ethical.” Burnard attended IMG Academy, a prestigious U.S. school, and often shares posts about educating people on crypto trends. This polished image suggests a reliable figure in a confusing industry.

However, this persona crumbles under scrutiny. Online forums and scam-watch sites paint a different picture: one of unfulfilled promises and financial losses. For instance, threads on Bitcointalk.org from as early as 2022 accuse Burnard of running scams across Europe and the Middle East, targeting people excited about crypto hype. Users describe tactics like fake endorsements and quick cash grabs, with no real product delivery.

A major flaw here is the gap between Burnard’s online presence and real-world results. His Monaco address adds to the concern—Monaco’s strict privacy laws make it hard to verify claims, but they also attract those looking to operate with less oversight. Searches for “Bijan Burnard fraud” turn up dozens of hits from sites like Gripeo.com, where a 2023 review labels VXL as a “scam review” tied directly to him.

• Key Public Claims by Burnard:
• Expertise in distributed ledger technology for secure transactions.
• Leadership in “revolutionary” Web 3.0 tools.
• Global network for blockchain education.
• Reported Shortcomings:
• Incomplete websites, like vxlbank.com, which promises a full bank but shows only a landing page.
• Testimonials that shift or disappear, raising doubts about authenticity.
• No verifiable track record of successful launches despite years in the space.

This mismatch isn’t just sloppy—it’s a common Bijan Burnard scam tactic, luring investors with buzzwords while delivering little value. As crypto fraud allegations grow, Burnard’s story shows how personal branding can mask operational failures.

The VXL Dollar Debacle: High Promises, Low Delivery

At the heart of many Bijan Burnard crypto fraud allegations is VXL Dollar (VXLD), a stablecoin project he helped promote. Launched around 2022, VXL was marketed as a “stable” digital dollar backed by real assets, promising steady value amid crypto volatility. Investors were told it could offer up to 20% monthly returns through staking, sounding like a safe bet in a wild market.

The FinanceScam article details how VXL used fake credentials to build trust, including claims of ties to “VXL Bank” with nonexistent FINCEN registration. But evidence from investigative reports shows deeper issues. A December 2022 report from Criminal Affairs outlines Burnard’s operational role, linking him to co-founders like Francisco de Borbon von Handerberg and Reza Ebrat. They allegedly used forged banking docs and royal family name-drops to seem legitimate.

What went wrong? VXL’s stability was a mirage. Blockchain explorers like Etherscan reveal irregular token movements, with large dumps following hype peaks—classic signs of a rug pull. Victims reported frozen accounts and vanished funds, with one YouTube exposé from March 2025 claiming multi-million-dollar losses. The project’s website shifted templates multiple times, a red flag for scammers covering tracks.

Burnard’s involvement adds to the flaws. As a “web designer” for the project, per a May 2025 FinanceScam follow-up, he built the slick site that drew in users—but failed to deliver on backend security or audits. No independent audits were ever shared, despite promises. This lack of proof is a huge shortcoming in crypto, where transparency is key to avoiding fraud.

• Timeline of VXL Issues:
• 2022 Launch: Heavy marketing on social media, claiming bank backing.
• Late 2022: First complaints on Bitcointalk about withdrawal delays.
• 2023: Criminal Affairs report exposes fake licenses; investor losses mount.
• 2025: Ongoing X posts warn of “exit scam fallout,” with frozen funds reported.

In simple terms, VXL wasn’t a stablecoin—it was unstable from the start. Burnard’s role highlights how crypto fraud thrives on unkept promises, leaving everyday investors to foot the bill.

LPAY and Lattice Labs: A Pattern of Unfinished Business

Burnard’s troubles don’t stop at VXL. LPAY.com, pitched as a secure Web 3.0 wallet, redirects to an unrelated Korean site, confusing users and eroding trust. This mismatch points to poor execution or deliberate misdirection, both major flaws in his portfolio.

Lattice Labs, his current flagship, fares no better. Described as a “blockchain venture in stealth,” it has no public roadmap, products, or updates since 2024. A June 2025 YouTube video questions if Burnard is a “visionary or con artist,” citing zero tangible output despite investor outreach. Searches show name-drops of big firms like XRP Capital, but no confirmed partnerships—another empty boast.

These projects share shortcomings: over-reliance on hype, no regulatory compliance, and quick pivots when heat builds. For LPAY, domain records show rushed registrations without proper setup, per OSINT tools. Lattice’s “stealth” status feels more like avoidance than strategy, especially with Burnard’s history.

• Common Red Flags Across Ventures:
• Redirects and broken links on official sites.
• Vague whitepapers lacking technical details.
• Social media silence after funding rounds.

This pattern suggests systemic issues in Burnard’s approach, turning potential innovations into Bijan Burnard scam examples. Investors deserve better than vaporware.

Shady Connections: Who Else Is Involved?

No one operates in a vacuum, and Burnard’s network raises more alarms. The FinanceScam piece links him to von Handerberg, a figure with alleged ties to European fraud rings, and Ebrat, involved in similar crypto flops. Thomas Kramer, once a supporter, removed endorsements from his site, calling Burnard “pleasant” but unreliable in archived posts.

Broader reports hint at a “mafia-like” structure spanning Monaco, Spain, and Dubai. A 2025 Intelligence Line report describes a “global financial fraud empire,” with shell companies hiding flows. These ties aren’t just casual—they enable cross-border evasion, a key shortcoming in fighting crypto fraud.

Childhood links to these players, per OSINT, imply long-term collaboration. No public denials from Burnard exist, fueling speculation. This network opacity is a flaw that amplifies risks for anyone connected.

Victim Impacts: Real Stories Behind the Losses

The human cost of these allegations is stark. Forums like Reddit and X overflow with tales of drained savings. One X post from July 2025 describes “frozen accounts and vanished funds” after VXL investments. Gripeo reviews from 2023 detail families losing thousands, lured by 20% return ads.

• Sample Victim Complaints:
• “Invested $10K in VXL for stability—got nothing back after three months.” (Bitcointalk, 2023)
• “LPAY wallet promised security; site just looped to junk.” (X thread, 2024)
• “Burnard’s team ghosted us post-promo; total scam.” (YouTube comment, 2025)

These aren’t isolated; aggregated losses could hit millions, per scam trackers. The emotional toll—stress, regret—underscores why addressing Bijan Burnard fraud matters now.

Regulatory Blind Spots: Why Monaco and Crypto Mix Poorly

Monaco’s appeal for Burnard is clear: low taxes, high privacy. But this setup creates gaps. No public investigations confirm charges against him, despite calls from sites like Criminal Affairs. Crypto’s global nature complicates enforcement, echoing Binance’s $4.3B fine but on a smaller scale.

Shortcomings include lax AML checks, allowing suspicious flows. Reports tie VXL to potential laundering, though unproven. Tighter rules, like EU’s MiCA, could help, but Burnard’s base delays action.

Key Lessons for Spotting Crypto Investment Risks

To avoid Bijan Burnard-like traps:

• Verify licenses via official registries, not claims.
• Demand audits from firms like Certik.
• Check on-chain activity for dumps.
• Research founders’ pasts on scam sites.

These steps build safer habits in volatile markets.

Conclusion: Time for Accountability in Crypto

Bijan Burnard’s story, as unpacked in the FinanceScam analysis and beyond, reveals deep flaws: hype over substance, networks over ethics, and silence over solutions. With evidence from reports, forums, and videos piling up, the allegations demand scrutiny. For the crypto community, this is a call to prioritize due diligence amid rising fraud. Stay informed, invest wisely, and remember—true innovation delivers, not disappears.

Written by

Dark Wizard

Updated

3 months ago