Cybercrime | FinTelegram News

Category: Cybercrime

June 12, 2021

CySEC Compliance Issue – Regulated FXORO illegally chases EU clients via its offshore entity

We first registered with an EU address on the offshore entity of the CySEC-regulated FXORO, which is marketed through the subdomain https://global.fxoro.com. There we could choose between two account types, each offering leverage of 1:400. Only 1:30 is allowed in the EU in the first place. After that, we wanted to register on the CySEC-regulated FXORO on its approved website www.fxoro.com with the same credentials. This was not possible because our data from the offshore registration was already there. Thus it's evident that FXORO uses only one client database for the two mutations.

June 12, 2021

Fraud campaign Elite Trading Club targets victims for The Live Market broker scam

Today a certain Danny Jarell contacted us by via email. He told us that we could collect money that someone we don't know has deposited for us. All we had to do was click the link. We did that and ended up at the scam campaign Elite Trading Club presented on the FX Offers website. Anyone who registers there will be redirected today, for example, to The Live Market a/k/a TheLiveMarket broker scam, which TLM Holdings GmbH allegedly operates in Australia. Stay away. Far, far away!

Illegal Broker Activities

June 11, 2021

Broker scam Winbitx chasing victims via Bitcoin Profit campaign

The white-label broker scam Winbitx is currently hunting for new victims using, among other things, the Bitcoin Profit campaign. This campaign promises investors millions in profits even when the crypto markets crash. After registering with Bitcoin Profit, you are immediately redirected to the payment page of the broker scam Winbitx. The cashier is once again PayNetEasy, where once again the UK payment processor Pay Credits for credit and debit card payments are integrated.

June 11, 2021

Investor warning against Triton Markets facilitated by Praxis Cashier

Like on any other day, today, we have received more than a dozen emails from fraudulent marketing campaigns that are on the catch for victims of various scams. One email leads us (once again) to the already known scam campaigns Bitcoin Prime and Bitcoin Champion. From there, we are directed to the still active broker scam Triton Markets (www.tritonmarkets.com) a/k/a Triton Capital Markets. Surprise, Praxis Cashier is still active as a payment processor, although there have been warnings against this scam for months.

June 11, 2021

Daily Marketing Alert – 1K Daily Profit fraud campaign promotes Status Markets broker scam

The scams are literally looking out for the FinTelegram attention. Through the daily junk emails, we get an overview of the current (fraudulent) marketing campaigns and the scams promoted with them without much work. For example, the 1k Daily Profit campaign has been very active for many weeks. Today, the scam broker Status Markets (www.statusmarkets.com) is advertised via it. This is allegedly operated by MarCo Global Projects Ltd, registered in the Marshall Islands. Status Markets is a poorly made white-label scam; do not fall for it.

June 10, 2021

The incredible story of Wirecard Mini-me Payvision and its founder Rudolf Booker

Amsterdam FinTech entrepreneur Rudolf Booker founded the payment processor Payvision in 2002 and ran it more or less successfully. The business evidently took off in 2015 when Amsterdam real estate investor Dirk-Jan Bakker introduced German cybercrime activist Uwe Lenhoff to Booker. Lenhoff and his partners brought dozens of fraudulent binary options operators to Payvision, where Booker welcomed them with open arms. In 2018, Booker sold Payvision to ING for €360 million, fully packed with high-risk and illegal clients; in April 2020, he and his co-founders left Payvision.

June 9, 2021

Investor Alert – Broker scam RazerMarkets with PandaTS and BridgerPay still active

On 12 March 2021, the UK FCA issued an investor warning against the RazerMarkets broker scam, allegedly operated by RazerMarkets Ltd. This company is registered in the Marshall Islands. It is a PandaTS white-label scam. As a payment processor have once again discovered BridgerPay. Behind BridgerPay Cashier, we have also discovered the Estonian crypto payment processor CryptoPayIn, operated by Navasu OÜ. Until recently, Plus Exchange was also integrated as a cryptoprocessor. The scam is still active and attacks investors in Europe.

June 9, 2021

Fraud marketing campaign 1k Daily Profit promotes EU Finance broker scam

It is not a new phenomenon but always surprising. Not at all! We mean the fact that CySEC-regulated investment firms use fraudulent marketing campaigns like 1k Daily Profit, Bitcoin Code, Bitcoin Prime, or Bitcoin Circuit to catch customers for their regulated broker activities with lies and false promises. Today, CySEC-regulated broker OBRinvest is promoted via the fraudulent 1k Daily Profit campaign. If you are a potential investor, stay far away. However, if you are CySEC, please have a closer look.

June 8, 2021

Daily Marketing Alert – fraudulent Tesler campaign promotes Invexeo broker scam

The good news is that we no longer have to search for scams, but the scams find their way to us. They are practically asking us to issue a warning against them. For example, today, an email led us (once again) to the fraudulent TESLER campaign (www.gmxzxwbp.xyz/tesler-3), and from there, we came to the Invexeo broker scam (www.invexeo.com) after registering. As the facilitating payment processor, we found once again PayNetEasy and Pay Credits.

June 8, 2021

The Latvian Racket and its Turkish broker scam outlet Preqster FX

Italian regulator Consob ordered the blackout of the websites of Pips500 broker scam (www.pips500.com). This site is a scam and is allegedly operated by the UK-registered Preqster Ltd. This entity is operated and controlled by Latvian citizen Sergejs Vasiljevs and is part of the Latvian Racket. This company also appears as the operator of the scam forex broker Preqster FX (www.preqsterfx.com). The latter apparently targets Turkish investors exclusively and claims that the operator is Australian ASIC-regulated PQ Invest Pty Ltd.

June 7, 2021

That’s a new approach – plain-sight money laundering via LinkedIn

It is common knowledge that Facebook, LinkedIn, and other social media are used by scammers to present their scams and catch victims. With beautiful photos about expensive cars, jewelry, expensive brands, or other lies. Catching victims for investment scams on Instagram has long become a kind of "cybercrime culture". What is new for us, however, is that people want to launder money quite in plain sight via Facebook. A whistleblower sent us an interesting link today to a financial business consultant looking for bank accounts to launder money.

June 7, 2021

Daily Marketing Alert – Fraudulent Bitcoin Code campaign chases victims for TrendsTurbo scam

Today we receive an email from a nice lady from Self Improvement eBooks (www.self-improvement-ebooks.net). She informs us that a Facebook group has been created to discuss new tools. She also tells us that the link in the email will take you to the long-awaited e-book. But, unfortunately, if you click on it, you actually end up (once again) on the fraudulent Bitcoin Code campaign (www.bitcoincodesoft.com). From there, after registering, one eventually ends up on the cashier page of the scam broker TrendsTurbo.