Cybercrime | FinTelegram News

Category: Cybercrime

July 8, 2021

Investor Warning – CryptoDock broker scam facilitated by finanic, mercuryo, and Praxis Cashier

Today, one of the dozens of spam emails that deliver scams to our doorstep leads us to The News Spy scam campaign on the Investing Offer website. It promotes game-changing software for online money-making. If you register with the campaign, you are also registered as a victim of the broker scam CryptoDock and directed to the scam's cashier page. There we found Paysecure powered by Praxis Cashier and Estonian finanic as facilitating payment processors.

July 8, 2021

Attention – Illegal broker TradeVtech facilitated by BridgerPay and The News Spy fraud campaign

The News Spy fraud campaign is chasing new victims for many different scams today. Most recently, we have discovered CryptoDock. But the TradeVtech (www.tradevtech.com) scam, which is new to us, is also being promoted via the campaign today. UMedia LLC, registered in St. Vincent and the Grenadines, allegedly operates the scam. Upon registration with The Spy News, we are automatically redirected to the scam's cashier page, where we once again find BridgerPay as the payment processor.

July 7, 2021

Fund Recovery – An Ombudsman report on PayBack and Money Back

We have already published a review about the Israeli fund recovery service Pay Back a/k/a PayBack a/k/a Money Back owned by Amir Geva and Daniel Poleb. It is no secret that we are very skeptical when fund recovery services ask victims for several thousand euros or dollars down payment and, in addition, profit sharing. In many cases, it would be easier for victims to go directly to the relevant financial ombudsman and reclaim the money from the facilitating bank. This is also confirmed by the following report from a Financial Ombudsman.

July 7, 2021

Investor Warning – Cryptrader broker scam facilitated by PayWize

Limassol is firmly in the hands of Israeli FinTech entrepreneurs. Without them, CySEC would probably be bankrupt tomorrow, and Cyprus would lose its main source of revenue. This includes the official fees that CIFs have to pay and the penalties that these CIFs have to pay frequently. They flow into the state budget. However, there is fierce competition within the Israeli FinTech community, such as between Ran Cohen and his BridgerPay and Amit Klatchko and his Praxis Cashier. We discovered both along with PayWize as payment facilitators in the Cryptrader scam.

July 7, 2021

TraderFex and Blueprint Capital scams facilitated by Cryptoengine fraud campaign and BridgerPay

Luckily, an email enlightens us that we could make a lot of money with Facebook Formula. We click on the included link and land on the scam campaign CryptoEngine. Those who register there because they are promised quick money via crypto are automatically directed to the scams Blueprint Capital and TraderFex and end up on the cashier pages of both scams. Both scams are allegedly operated via St. Vincent and the Grenadines, but no operators are provided. As a payment processor, we have once again discovered VISA partner BridgerPay.

July 6, 2021

Investor Attention – Swise Invest scam facilitated by Bitcoin Era fraud campaign

This morning we receive an email that our membership has been confirmed, and we could now join a group that would allow us the potential for unlimited income. Wow, well then. We click on the link sent along and land on the Bitcoin Era scam campaign running on the DigitalInvest Era website. By registering with Bitcoin Era, one is automatically registered as a customer with the broker scam Swise Invest and redirected to the scam's payment page. Allegedly, the scam is operated by Luten X LLC on St. Vincent and the Grenadines.

July 4, 2021

Attention! TrendsTurbo scam still promoted by Bitcoin Code fraud campaign

Some scammers deploy agencies to protect themselves from FinTelegram warnings. These agencies sometimes file infringement claims to Google to have the warnings removed from Google search results. The operators of TrendsTurbo (www.trendsturbo.com) broker scam, for example, filed several infringement claims with fake senders and websites. Well, we filed a counterclaim and hereby have to repeat the warning against TrendsTurbo scam, which is still active.

July 4, 2021

Finally! German BaFin investigates Bitcoin Code fraud campaigns

In recent weeks, we have focused our investigations and reports on the fraudulent marketing campaigns that scammers and regulated CySEC investment firms use to hunt for new victims. We have started our "Marketing Campaigns Blacklist" in this regard. A few days ago, the German BaFin announced to have started investigations against the operators of the Bitcoin Code Campaign. Well, it's at least a start. Regulators and law enforcement agencies need to take much stronger action against the operators of these fraud campaigns.

July 2, 2021

Notorious scam-facilitator Deutsche Handelsbank about to close down payment business

The notoriously well-known Deutsche Handelsbank has been in the FinTelegram focus over the last three years. Like ING's Dutch subsidiary Payvision and, until its collapse, Wirecard, the bank was a prime address for scammers and cybercrime organizations. Uwe Lenhoff, who died in prison in 2020, was one of the clients of Deutsche Handelsbank and used the bank to launder the illicit proceeds of his huge lotto scam LottoPalace. Now the German financial institution seems to be about to its dirty payment division.

Illegal Broker Activities

July 2, 2021

Investor Attention – RubyFinance and Gravity Trade broker scams active

RubyFinance exists in the Netherlands as an accounting firm and the United Kingdom as a financial institution. The scam broker RubyFinance and is not related to them. The scam allegedly operated by Inure Consulting LTD, registered in the Commonwealth of Dominica, is available in English and German. So is the Gravity Trade scam, also operated by the offshore entity. As payment processors, we have discovered Starbill and xPayz for credit and debit cards.

July 2, 2021

InvestXE broker scam facilitated by PandaTS and Bitcoin Profit fraud campaign

Friday is traditionally a heavy day in the international scam scene. Before the weekend, people want to cash in again. Therefore, it is not surprising that today we receive more emails that want to lure us to fraudulent marketing campaigns and scams. The Bitcoin Profit fraud campaign operators are currently sending emails that direct us to the InvestXE broker scam, a white-label broker on the Israeli-Cyprian PandaTS platform of Mahor Lahav and his friends. Currently, the only way for potential victims to lose their money is via Bitcoin deposits.

July 2, 2021

ActivTradee scam facilitated by CryptoEngine fraud campaign and BridgerPay

We once again received an email via Google Slides this morning that leads us to the CryptoEngine scam campaign (https://en.cryptoengine.we-trck.com). Anyone who registers there today will be led to the broker scam ActivTradee (www.activtradee.com), which is available in English and German. Thus the scam obviously attacks German-speaking consumers. The Israeli-Cyprus BridgerPay of Ran Cohen is the facilitating payment processor for credit and debit cards.