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Investor warning against Global Trader broker scam facilitated by PayPound and Dream Finance

warning against Global Trader broker scam
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TODAY, the UK Financial Conduct Authority (FCA) issued a warning against the Global Trader (www.globaltrader.io) broker scam. The scam’s website claims that its offices are in Canary Wharf in London. Of course, this is not true. Information about the operating legal entity or the responsible jurisdiction is searched in vain. Payment processors we have are PayPound (www.paypound.ltd) for credit and debit card payments and Dream Finance OÜ d/b/a Cryptoprocessing (www.cryptoprocessing.com) for deposit via cryptocurrencies.

Estonia-based Dream Finance OÜ d/b/a Cryptoprocessing and CoinsPaid (www.coinspaid.com) is a licensed crypto payment processor. The registered directors of Dream Finance are Maksym Krupyshev and Frederic Georges Hubin.

Paypound (www.paypound.ltd) is allegedly operated by Paypound Ltd and its subsidiary Paypound LDA. At least, that’s what the Privacy Policy says (as of November 12, 2021). The strange thing here is that the UK-registered Paypount Ltd is controlled by the Indian citizen Amaranatha “Amar” Puttana, born Aug 1979, was already dissolved in 2019 via compulsory strike-off. The Indian IT entrepreneur Puttana used to be the director of Quidpay Limited, another company dissolved via compulsory strike-off in 2019.

Read our report on the high-risk payment processor PayPound here.

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