Cybercrime | FinTelegram News

Category: Cybercrime

April 12, 2021

Investor Warning – Trade Com Group, GlobalSpotFX, Spotfinex, FXonspot, and TopEuroFX scams

GlobalSpotFX, Spotfinex, FXonspot, and TopEuroFX are associated with a Trade Com Limited, which does not appear to exist. In January and August 2020, the UK FCA issued investor warnings against the FXonspot scam; in September 2020, the Spanish CNMV. Until recently, the Google App Store offered the Spotfinex trading app. This has been renamed TopEuro FX (www.topeurofx.com) and is still available for download. As facilitating payment processors, we have discovered Payecards and Estonian Woodstock OÜ with the Lithuanian e-Money Institution Finolita Unio.

April 11, 2021

FCA warning against Binary Forex Recovery scam

The FCA has this week issued a warning against the fund recovery scam Binary Forex Recovery (www.binaryforexrecovery.com). On the website, we have not found any information about legal entities or persons running the scam. Addresses in the United Kingdom and the United States are given. Interestingly, the website presents articles about the fraudulent activities of other fund recovery scams such as Wealth Recovery International (WRI) and Austin Smith. The fact is that 9 out of 10 fund recovery offers are unfortunately scams or operated by scammers.

April 9, 2021

Wanted for restitution payments – Payment processor XTrabit and Vlad Kogan

For FinTelegram readers, it is certainly no secret that we are hunting scam-supporting payment processors. These payment processors are even worse than the scams themselves. Scams come and go while payment processors stay and support new scams all the time. They know the scammers and where the money goes. They facilitate these scammers in defrauding ever-new victims. One of these evil payment processors is Russian-born Australian Vladislav "Vlad" Kogan. He has laundered hundreds of millions for dozens of scams with his Czech registered Xtrabit s.r.o.

April 8, 2021

Investor Warning – CityFX Capital broker scam with illegal US payment processor

The Spanish regulator CNMV has recently issued a warning against CityFX Capital (www.cityfxcapital.com). The scam is allegedly operated by Turtle Capital Ltd, which is registered in the Marshall Islands. As an illegal payment processor, we have discovered ER Expert Solutions LLC in the United States, which processes potential victims' deposits through its account at JP Morgan Chase Bank. The involvement of a US payment processor is astonishing.

April 8, 2021

FinMax Racket – The former Ukraine Police officer, his wife, and more exposed scams

We want to extend our sincere thanks to all whistleblowers and volunteer friends of FinTelegram. They provide important information about FinMax and other scams and conduct their own research, which they make available to us. Since our last update on the FinMax Racket, we have learned that the racket's alleged boss is a former high-ranking police officer in Ukraine. We have also learned that there are other scams and a common address for all scams in Bulgaria. Here is the update.

April 7, 2021

The FinMax Racket – Connection to Atrix Group und RusVPN established

A few weeks ago, we started our reports about the FinMax Racket, which has been active with its scams under different domains like www.finmax.com, www.finmaxbo.com, www.finmaxfx.com, or www.finmaxCFD.com with binary options, CFD, and Forex since 2017. The scammers around Oleksandr Vakulenko are from Ukraine and have been attacking investors in Europe and Russia. We have received a lot of information from whistleblowers and victims and are constantly updating our reports. One of our whistleblowers found Atrix Group Ltd in the UK, publisher and operator of RusVPN, in the FinMax Racket environment.

April 7, 2021

Daily Affiliate Warning – FinTechNewz fake article promotes Richmond Super scam

The fraudulent affiliate cam is conducted in multiple languages, even for smaller language areas like Slovenian. Today, a fake article on FinTechNewz first takes us further to Offer Use and the Bitcoin Era campaign. From there, we go to the Richmond Super (www.richmondsuper.com) broker scam via the website https://login.magazinenews2000.com. Neither the website nor the emails outline the operators of the scam. Please stay away from these fraudulent campaigns and their scams.

April 5, 2021

Connecting the dots – Plutus broker scam related to Galore and Lucrum

The same boiler room apparently operates the three broker scam brands. Victims report that chat history is shared about at least these three scams. We have already reported about the Plutus scam (here) and the Lucrum scam (here). The Galore scam (www.galore.pro) is allegedly operated by ITM Solutions LLC, registered in St. Vincent and the Grenadines. This entity also operates the Plutus scam. The offshore entity behind the Lucrum scam is Econdary LLC, also registered in SVG. On two BTC addresses, we have discovered a total of barely BTC58 worth more than $3.3M.

April 3, 2021

Daily Affiliate Warning – Fake press articles on TopOnTechBiz promoting KeyFunders scam

We are almost rich! All we have to do is register real quick to open the doors to riches wide. The registration link takes us once again to TopOnTechBiz and the LPONLINE fake news site. A fake press article proclaims that a new startup can make us rich in 7 days. Signing up then takes us to The Bitcoin Revolution or Amazing Offers site to register. Finally, we are referred to the scam broker KeyFunders, which Paramaunt Holdings LLC allegedly runs.

April 3, 2021

Investor warning – The Oliver Briggs broker scam for dummies

Every day dozens of new scam brokers emerge hunting for victims. The COVID-19 pandemic, combined with the online investment boom, is the best breeding ground for cybercrime organizations to produce cheap fraudulent broker brands big style in their white-label assembly lines. One of these scams is the Oliver Briggs scam (www.oliverbriggs.com), allegedly operated by Seaview Solutions Ltd, Marshall Islands. Via the BoxiPay cashier, we have once again found PayCent to be a payment facilitator.

April 3, 2021

R4I – Illegal Italian Payment Processor Elmo Color with ePayComfort

We have recently brought a report on the so-called TradeCabinet scams. Boiler rooms in the Balkans operate this scam network. This includes 3 FID Tech (3fidtech) in Tirana as well as Global-Tech and Comunico88 in Belgrade. The TradeCabinet CRM software is apparently used for the back-office processes of the attached scam brands. Processing deposits from customer victims is part of these back-office processes. We found the Italian digital marketing firm Elmo Color S.R.L.S. as an illegal payment processor in combination with ePayComfort. We would like to know more about these payment processors.

April 2, 2021

Investor warning – Lacari Group still active with its broker scams

Recently we have received complaints of victims of the FX-Capitalize broker scam operating with the domain www.fxcapitalize.com by Lacari Group Ltd, St. Vincent & the Grenadines. This offshore entity also operated the FXQuote247 (www.fxquote247.com) scam and operated vanished scams such as proFXCredit (www.profxcredit.com). Currently, no deposits are possible at FX-Capitalize and FXQuote247. The scam seems to be ready to disappear.