More victim complaints against the Infinitrade scam and Paytah
In May 2020, the UK FCA issued an investor warning against the Infinitrade (www.infinitrade.com and www.infinitrade.io) broker scam, operated by offshore entity A&E Products Ltd. The scam has been facilitated by payment processors Praxis Cashier System Ltd d/b/a Praxis Cashier, Phoenix Payments Ltd d/b/a Paytah, and Finligue Grupp OÜ d/b/a Crypto1. The Maltese regulator MFSA has received complaints from victims about Paytah and its scam clients. Despite FCA's warning, PayTah and Crypto1 have continued to support the Infinitrade scam.