Whistleblower Credits: We would like to thank our whistleblowers for their reports and insights, which help us expose scammers and their payment processors. Together we can make a difference in cyberspace. Together we are an invincible force.
With Financial Resident (http://www.financialresident.com), our whistleblowers have uncovered another broker scam that is currently active. We did not find any legal entity claiming to be the scam operator in our quick initial research. This is also basically worthless information as these are typically front companies in offshore jurisdictions such as the British Virgin Islands, Marshall Islands, or St. Virgin & the Grenadines. On the other hand, we have discovered several payment processors such as iPayTotal, and some others. Investors should stay far away from the Financial Resident scam and report information.
We have noticed iPayTotal, NeoBanQ, PayTechno, Scuderia, PayCent, and Bitxtech as payment processors. Depending on the selected currency and the amount to be deposited, different payment processors are suggested.
Interestingly, when simulating deposits, we discovered that
- When depositing credit or debit card via iPayTotal, FCA-regulated Global Payments (http://www.globalpay.com) is also included (read the report here).
- When depositing via PayTechno, you will be forwarded to the crypto payment processor CryptoPayin operated by the Estonian Navasu OÜ. Client-victims of the Financial Resident scam are automatically registered with CryptoPayin and receive a respective confirmation email. Relatively close cooperation, it seems!
If you have any experience with Financial Resident or are a victim of the scam, please share your information with FinTelegram. Together we can make a difference.