Investor Warning – Broker scam Apollo Finances and MGX Consalt Group
The Apollo Finances broker scam is allegedly operated by MGX Consalt Group Ltd, registered in the Marshall Islands. At least, that is what the scam claims on its web pages. The payment processor PayTechno of the Israeli Asaf Itzak Rubin, which facilitates the scam, also lists this offshore company as a merchant. We also discovered iPayTotal and NeoBanQ as payment processors. The scam is miserably done; stay far away and keep your money.
Investor Warning – Estonian broker scams AGKapital and AlgofGain and their facilitating payment processors
Currently, the two related broker scams AGKapital and AlgofGain, are being promoted via various fraudulent marketing campaigns. What is special about these two scams is that they both work with the BoxiPay Cashier (operated by PayBox) and the same list of payment processors. Among them the usual suspects like iPayTotal, NeoBanQ, or PayCent but also others like the Turkish RHG Partners, Bitngo, or ikajo. The scams claim on their websites that they fall under Estonian jurisdiction. Many of their payment processors do too!
We have received an email introducing a new cryptocurrency that will make us rich. The link in the email takes us to a MyShopify page and a cheering article about the new state-approved Chinese Yuan Coin issued by YuanPay Group. From there, we are taken to the YuanPay Group site (https://digitalsouce.com/yuanpayapp_de), i.e., to the fraudulent campaign. Upon, we are redirected to the payment page of various scams such as HashTrade, algofgain, or AGKapital.
Once again, today, we received an email informing us that our income account has been opened. The link then led us (once again) to the fraudulent BitQT campaign on the Amazing Offers website (www.amazing-offers.online/bitqt). Upon registering, we were immediately redirected to the payment page of the broker scam JoyTrust (www.joytrust.net). Please do not fall for these fraudulent marketing campaigns and scams.
Investor Attention – Austrian Regulator warns against Finotive
We have warned against the Finotive broker scam (www.finotive.net) twice before. Following FinTelegram, the Austrian FMA issued an investor warning against it. VT Group Ltd in Cyprus allegedly operates the scam. We identified Harmonte Group LLC in St. Vincent and the Grenadines as a co-operator registered with PayTechno as a merchant. As a payment gateway, we again have PayBox (a/k/a BoxiPay) with PayTechno, PayCent, iPayTotal, and NeoBanq. Some scams die hard.
OctaPay – The exposed fraud, the vanished money, and many open questions!
According to his LinkedIn profile, Christian van Biezen lives and works in Limassol, Cyprus, one of the European powerhouses of Forex brokers, which are part of a high-risk industry, whether regulated or unregulated. Consequently, a highly active high-risk payment processor scene has developed around these Cypriot forex brokers. OctaPay was one of them, and Christian van Biezen was its director until he realized it was defrauding its merchants. So he left in December 2020, exposing the crime. As a result, OctaPay and its people vanished with most of its customer funds.
Strange! iPayTotal’s Chief Experience Officer and her LinkedIn account vanished!
Does anybody know what a Chief Experience Officer (CEO?) is or does? If you don't, we happily welcome you to the club. We didn't know either. Then in December 2020, we were contacted by Davina Mungroo of iPayTotal about our reviews of the high-risk payment processor. Of course, they would be totally unjustly negative. We then learned on iPayTotal's website that Davina, as CEO, was responsible for how her company is perceived in reviews and reports. Until she vanished.
Update – RocketChart broker scam facilitated by PayTechno and iPayTotal
Fighting scammers and their facilitators is tought. The RocketChart scammers filed a copyright infringement report with Google and want the URL removed from Google Search results. The article would have previously appeared on the site www.write.as. For sure, FinTelegram wrote the warning. Our legal representatives have already taken the appropriate action. To us, it shows that the reports hit the scammers.
FCA warning against PrimeQX broker scam operating with CySEC clone site
The UK Financial Conduct Authority (FCA) has issued an investor warning against the broker scam PrimeQX. The scam is operated by PRIME BUSINESS FINANCE LTD and MAGNETITS CAPITAL LTD. The scam claims to be regulated by CySEC with license number 129/22. The scammers operate the fake CySEC site www.cysecgov.com where PrimeQX is falsely presented as a CySEC-approved domain. As the scams payment facilitators, we have discovered iPayTotal, Itez, WE4BTC, and PaymentsPro.