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CySEC-regulated FXVC attacks European consumers with offshore entity Gstaad Brokers
FXVC is operated by Finteractive Ltd, a broker regulated by CySEC with the approved domain www.fxcv.com/eu under the license 238/14. Its offshore entity Gstaad Brokers Ltd, regulated by the FSA in Seychelles, operates on www.fxvc.com/int and illegally solicits EU residents, onboarding them without proper onboarding or KYC and AML verification. In April 2021, the UK FCA banned FXVC for its inappropriate practices, including misleading financial promotions. Moreover, the FXVC trading platform is used by big broker scams.
Latest Updates
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Attention! Indigo Capitals scam promoted by Bitcoin System fraud campaign
Today, via the fraudulent Bitcoin System marketing campaign on the SafeOffers website (https://safeoffers.org), the broker scam Indigo Capitals (www.indigo-capitals.com) is promoted. Potential victims who register on the Bitcoin System in search of quick profits via cryptocurrencies are also automatically created at Indigo Capitals. After registering, the fraud marketing campaign redirects the prospective victims to Indigo Capitals' payment page. Omegaistic LLC allegedly operates it in St. Vincent & The Grenadines. Don't fall for those scammers.
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Investor warning against StocksCM and Green Tower Investments
StocksCM and Green Tower Investments are illegal brokers that we also classify as scams. The operator of StocksCM is allegedly Zolton Ltd; Green Tower Investments does not provide information on the operators. Both scams state St. Vincent & The Grenadines as the applicable jurisdiction. Both scams are operated on the FXVC platform, as do NostraCapital, Infinity Capital, Wellington Holdings, YorkCG, and many others. The CySEC-regulated FXVC group around Finactive Ltd is managing this platform.
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Alert! NostraCapital is just another scam on the FXVC platform
Be aware of the NostraCapital (www.nostracapital.com), a very poorly done broker scam, which is easy to spot. ForexBrokerz has written a carefully crafted review that describes the scam level in great detail. We have not been able to find any information about the operator of the scam. However, St. Vincent & The Grenadines is provided as the applicable jurisdiction. The scam is implemented as a white-label mutation on the FXVC platform where Chelsea Investments, YorkCG, Infinity Capital, Victoria Coins, and many others are also running.
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Investor warning! Stay away from the Chelsea Investments scam
Actually, no investor warning should be required against Chelsea Investments (www.chelsea-investments.com), a poorly done scam. ForexBrokerz has written a telling review that describes the scam level very accurately. The operator of the scam is allegedly Chelsea Investments Ltd. There is no information about the jurisdiction. However, the scam is running as a white label mutation on the FXVC platform where YorkCG, Infinity Capital, Victoria Coins, and many others are also running. Stay far, far away.
Payment Processors
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Wellington Holdings and another huge Capital Letter scam network
It is indeed a huge scam network. Scams will typically either take offshore companies or simply invent fake companies. Only rarely, they are operated by companies in Europe as is the case with the Capital Letter scam network. Capital Letter GmbH, registered in Munich, Germany was the operator of several large scams until the end of 2020. In addition, two other companies also registered in Germany, Brunnlitz GmbH and Tokkata Software GmbH, participated in the scams. All three companies are operated by Ukrainian individuals; all received warnings from regulators.
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Investor Alert! Don’t fall for YorkPro and YorkBTC broker scams
We had already warned about Solid Invest some time ago. There are also warnings against this broker scam from several financial market regulators. Our analyses of the scam found that YorkPro (www.yorkpro.com) and YorkBTC (www.yorkbtc.com) are directly connected to the Solid Invest scam and run on the same CRM platform. The two "York scams" work with fake reviews on Trustpilot. Deposits to the scam are possible via credit and debit card through DirectApi. Stay far away from these York Scams.
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Gery Shalon – The Plea Deal and the forfeited fortune of a cybercrime mastermind
In 2015, U.S. prosecutors charged the Georgia-born Israeli citizen Gery "Gabi" Shalon in a twenty-three count Superseding Indictment. He was charged with computer hacking, securities fraud, aggravated identity theft, illegal online gambling, illegal money transmitting business, and money laundering. Most of the files are still unsealed. What is known now is that in April 2017, Shalon has pled guilty to all 23 counts and made a plea deal with prosecutors that included transferring all seized funds and assets to the United States. We are talking about a real big fortune. We are talking about a real big fortune including a $74.7M bank account.
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Alert! Wellington Holdings scam facilitated by SysPay, Coinicash, and AdvCash
The Swiss regulator FINMA has recently issued an investor warning against the Wellington Holdings scam (www.wellingtonholdings.com). The scam operators do not disclose any information about the legal entity or persons but give Bleicherweg 10 in 8002 Zurich, Switzerland, as the address. This is bullshit, says FINMA. As a payment processor, we once again found SysPay, regulated by the Maltese regulator MFSA, in criminal collusion with Coinicash and AdvCash. We also noticed this combination most recently in the Cento GX scam.
Cybercrime Court Cases
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EU Regulators, courts, and victims chasing Fintero scam operators
The Fintero broker scam has acquired an impressive list of warnings from financial market regulators as shown in the list below. The alleged scam operators are Fintero Trading Ltd and Finplex Group Ltd in the UK, with Cyprus, also mentioned as a location in some cases. In UK-registered Finplex Group Ltd, Bulgarian Zhaneta Radoslavova Kosovska is registered as a director and beneficial owner at UK Companies House. A victim sued the companies in the UK and won. But the problem is that the whereabouts of these companies and individuals are not known. Would you please support victims in finding them?
Regulatory Updates
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Attention! YorkCG broker scam attacks with new offshore entity!
We recently issued a warning against the two related broker scams YorkPro and YorkBTC. These two scams are managed by the boiler rooms of Parogan DOO in Belgrade. Likewise, the YorkCG broker scam would be handled there. Even though the names are very similar, YorkCG works with a different CRM platform, with the very same also used by Infinity Capital (www.infinitycapitalg.com), GFC Investment, or Victoria Coins, against which we warned. YorkCG is actually a clone of Infinity Capital.
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Investor warning against Infinity Capital broker scam
The Austrian regulator FMA issued an investor warning against the broker scam Infinity Capital (www.infinitycapitalg.com). According to the information on the website, the alleged operator is InfinityCapitalG Ltd. There are no further details about this legal entity or persons. St. Vincent & The Grenadines is provided as the applicable jurisdiction. For deposits of potential victims, support a/k/a the boiler room must be contacted beforehand. Please do yourself a favor and do not do contact them.
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Attention! Investor warning against AMarkets broker scheme
The Romanian FSA issued an investor warning against AMarkets (www.amarkets.com). The illegally operating broker is allegedly operated by AMarkets Ltd, registered in St. Vincent & The Grenadines. AMarkets is a registered member of the Financial Commission, a private Russian regulatory organization operated by FINACOM PLC LTD in Hong Kong and FINACOM MANAGEMENT LTD in London. As payment processors, we have found Mercuryo, AdvCash, and Perfect Money.
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